Market Definition in the UK Deposit Savings Account Market

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This study examines the definition of the UK deposit savings account market. A testing procedure is used to ascertain if the law of one price and the assumption of a unified national market may or may not be rejected The existing UK and European literature on the definition of financial services markets is developed by using both product specific, interest rate data and by incorporating non-price characteristics of financial services products in the testing procedure. This study indicates that a unified UK market may be rejected for deposit saving accounts.

Keywords

  • Market Definitions, Deposit Accounts, Interst Rates, Banking Markets
Original languageEnglish
Pages (from-to)577-584
JournalRegional Studies
Volume35
Issue number6
DOIs
Publication statusPublished - 2001
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