Financial Information in Colombia
Xavier Gine (),
Nídia García () and
Jose Gomez-Gonzalez ()
Additional contact information
Nídia García: Banco de la República de Colombia
Borradores de Economia from Banco de la Republica de Colombia
An audit study was conducted in Colombia following the protocols in Giné and Mazer (2017). Trained auditors visited multiple financial institutions, seeking credit and savings products. Consistent with Gabaix and Laibson (2006) and similar to Giné and Mazer (2017), the staff only provides information about the cost when asked, disclosing less than a third of the total cost voluntarily. In addition, clients are rarely offered the cheapest product, most likely because staff is incentivized to offer more expensive and thus more profitable products to the institution.
Keywords: financial information; audit study (search for similar items in EconPapers)
JEL-codes: D14 G18 G21 O16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://repositorio.banrep.gov.co/bitstream/handle/ ... quence=1&isAllowed=y (application/pdf)
Working Paper: Financial information in Colombia (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:984
Access Statistics for this paper
More papers in Borradores de Economia from Banco de la Republica de Colombia Cra 7 # 14-78. Contact information at EDIRC.
Bibliographic data for series maintained by Clorith Angélica Bahos Olivera ().