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A Computation of Interest Equivalences for Nonprice Characteristics of Bank Products

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  • Heffernan, Shelagh A

Abstract

This paper seeks to price the nonprice features of British retail bank products. It outlines a methodology for computing interest equivalences for a selection of characteristics. Estimates are obtained for a full observation set and a subset of survivor products on an efficiency frontier. Its main findings are that certain nonprice features are significant and there does not appear to be a strong case for separating out those products that lie on an efficiency frontier. Copyright 1992 by Ohio State University Press.

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  • Heffernan, Shelagh A, 1992. "A Computation of Interest Equivalences for Nonprice Characteristics of Bank Products," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(2), pages 162-172, May.
    • Handle: RePEc:mcb:jmoncb:v:24:y:1992:i:2:p:162-72
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    Cited by:

    1. Juan Coello, 1994. "¿Son las cajas y los bancos estratégicamente equivalentes?," Investigaciones Economicas, Fundación SEPI, vol. 18(2), pages 313-332, May.
    2. Bouckaert, Jan & Degryse, Hans, 1995. "Phonebanking," European Economic Review, Elsevier, vol. 39(2), pages 229-244, February.
    3. James Gilkeson & John List & Craig Ruff, 1999. "Evidence of Early Withdrawal in Time Deposit Portfolios," Journal of Financial Services Research, Springer;Western Finance Association, vol. 15(2), pages 103-122, March.
    4. Shelagh Heffernan, 1994. "Competition in the Canadian Personal Finance Sector," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 1(3), pages 323-338.
    5. John K. Ashton & Stephen Letza, 2003. "The Differential Returns Offered by Mutually Owned and Proprietary UK Depository Institutions: 1993–2000," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 74(2), pages 183-204, June.
    6. Novo-Peteiro, Jose A., 2000. "New technologies, information reusability and diversification: A simple model of a banking firm," Information Economics and Policy, Elsevier, vol. 12(1), pages 69-88, March.
    7. Gilkeson, James H. & Porter, Gary E. & Smith, Stanley D., 2000. "The impact of the early withdrawal option on time deposit pricing," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(1), pages 107-120.
    8. John Ashton, 2001. "Market Definition of the UK Deposit Savings Account Market," Regional Studies, Taylor & Francis Journals, vol. 35(6), pages 577-584.
    9. Liu, Yong-Chin & Hung, Jung-Hua, 2006. "Services and the long-term profitability in Taiwan's banks," Global Finance Journal, Elsevier, vol. 17(2), pages 177-191, December.
    10. John K. Ashton, 2012. "Do Depositors Benefit from Bank Mergers? An Examination of the UK Deposit Market," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 19(1), pages 1-23, February.
    11. Paolo Coccorese & Alfonso Pellecchia, 2022. "Deregulation, Entry, and Competition in Local Banking Markets," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 61(2), pages 171-197, September.

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