Testing for Pricing Behavior in the Mortgage Loan Market

IF 1 4区经济学 Q3 ECONOMICS

Asian Economic Journal Pub Date : 2021-08-25 DOI:10.1111/asej.12247

Haerang Park

引用次数: 0

Abstract

This study examines the pricing behavior of banks in the mortgage loan market. Firstly, the paper compares the loan pricing behavior of banks between two periods, one of which is marked as a more competitive state due to regulatory intervention. Secondly, the paper also test for the stock market reaction to model-implied collusive profits. Using data from banks in Korea, the paper find that mortgage loan rates are more consistent with cooperative pricing behavior than independent pricing behavior in the period from 2006 to 2012.

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抵押贷款市场定价行为的检验

本研究检视银行在按揭贷款市场的定价行为。首先，本文比较了两个时期银行的贷款定价行为，其中一个时期由于监管干预而被标记为更具竞争力的状态。其次，本文还检验了股票市场对模型隐含串谋利润的反应。本文利用韩国银行的数据发现，2006 - 2012年期间，抵押贷款利率更符合合作定价行为，而不是独立定价行为。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asian Economic Journal ECONOMICS-

CiteScore

1.50

自引率

7.70%

发文量

期刊介绍： The Asian Economic Journal provides detailed coverage of a wide range of topics in economics relating to East Asia, including investigation of current research, international comparisons and country studies. It is a forum for debate amongst theorists, practitioners and researchers and publishes high-quality theoretical, empirical and policy orientated contributions. The Asian Economic Journal facilitates the exchange of information among researchers on a world-wide basis and offers a unique opportunity for economists to keep abreast of research on economics pertaining to East Asia.