The Failure of Price Competition In The Turkish Credit Card Market
Guzin Akin (),
Ahmet Aysan,
Gazi Kara () and
Levent Yildiran ()
MPRA Paper from University Library of Munich, Germany
Abstract:
The failure of competition and the consequent high and sticky interest rates in credit card markets have been the subject of a considerable amount of debate and research lately. This paper presents the first regression testing for the existence of price competition in a credit card market to be estimated free of dynamic panel bias using recent quarterly data from Turkey. The estimation reveals that even though the effect of the cost of funds on credit card rates is statistically significant, it is very weak. The paper thus provides empirical evidence for the failure of price competition in the Turkish credit card market.
Keywords: Credit Cards; Price Competition; System GMM; Banking (search for similar items in EconPapers)
JEL-codes: D14 D4 G2 G21 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)
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Related works:
Journal Article: The Failure of Price Competition in the Turkish Credit Card Market (2010) 
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17770
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