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Market Definition of the UK Deposit Savings Account Market

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  • John Ashton

Abstract

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.

Suggested Citation

  • John Ashton, 2001. "Market Definition of the UK Deposit Savings Account Market," Regional Studies, Taylor & Francis Journals, vol. 35(6), pages 577-584.
    • Handle: RePEc:taf:regstd:v:35:y:2001:i:6:p:577-584
    DOI: 10.1080/00343400120065732
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    References listed on IDEAS

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    7. Amel, Dean F. & Hannan, Timothy H., 1999. "Establishing banking market definitions through estimation of residual deposit supply equations," Journal of Banking & Finance, Elsevier, vol. 23(11), pages 1667-1690, November.
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    Cited by:

    1. 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.
    2. Anderson, Robert D.J. & Ashton, John K. & Hudson, Robert S., 2014. "The influence of product age on pricing decisions: An examination of bank deposit interest rate setting," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 31(C), pages 216-230.

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