A Computation of Interest Equivalences for Nonprice Characteristics of Bank Products

Shelagh A Heffernan

Journal of Money, Credit and Banking, 1992, vol. 24, issue 2, 162-72

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.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:mcb:jmoncb:v:24:y:1992:i:2:p:162-72

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