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dc.contributor.authorAllen, Jasonen
dc.contributor.authorMcVanel, Darceyen
dc.date.accessioned2011-12-15T12:55:35Z-
dc.date.available2011-12-15T12:55:35Z-
dc.date.issued2009-
dc.identifier.pidoi:10.34989/swp-2009-13en
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
dc.language.isoengen
dc.publisher|aBank of Canada |cOttawaen
dc.relation.ispartofseries|aBank of Canada Working Paper |x2009-13en
dc.subject.jelG2en
dc.subject.jelD4en
dc.subject.ddc330en
dc.subject.keywordFinancial institutionsen
dc.subject.keywordFinancial servicesen
dc.subject.stwHypothekenbanken
dc.subject.stwHypotheken
dc.subject.stwBankgeschäften
dc.subject.stwZinsen
dc.subject.stwKanadaen
dc.titlePrice movements in the Canadian residential mortgage market-
dc.typeWorking Paperen
dc.identifier.ppn603994237en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:bca:bocawp:09-13en

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