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dc.contributor.authorAllen, Jasonen_US
dc.contributor.authorMcVanel, Darceyen_US
dc.date.accessioned2011-12-15T12:55:35Z-
dc.date.available2011-12-15T12:55:35Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53770-
dc.description.abstractThe authors empirically analyze the price-setting behaviour of the major Canadian banks in the residential mortgage market over the period 19912007. They use weekly posted prices of the major mortgage providers to study the degree of competition in mortgage price setting. Their results suggest that the residential mortgage market is imperfectly competitive. They find distinct price leaders and that, as market concentration increases, so does price dispersion helped by the increased use of discounting from posted prices. The authors also find that, although banks' passthrough of input price changes to mortgage prices is complete in the long run under reasonable assumptions regarding discounting, there exists some level of pricing asymmetry in the short run.en_US
dc.language.isoengen_US
dc.publisherBank of Canada Ottawaen_US
dc.relation.ispartofseriesBank of Canada Working Paper 2009,13en_US
dc.subject.jelG2en_US
dc.subject.jelD4en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancial institutionsen_US
dc.subject.keywordFinancial servicesen_US
dc.subject.stwHypothekenbanken_US
dc.subject.stwHypotheken_US
dc.subject.stwBankgeschäften_US
dc.subject.stwZinsen_US
dc.subject.stwKanadaen_US
dc.titlePrice movements in the Canadian residential mortgage marketen_US
dc.typeWorking Paperen_US
dc.identifier.ppn603994237en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Bank of Canada Working Papers

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