Financial Information in Colombia

Serie

• Borradores de economía

Resumen

• 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.

autores

• García, Nídia
• Giné, Xavier
• Gómez-González, José Eduardo

fecha de publicación

• 2017-02

Área temática

• D14 - Tasa de ahorro de los hogares; Finanzas personales
• G18 - Mercados financieros en general: Política pública y regulación
• G21 - Bancos; Instituciones de depósito; Instituciones Microfinancieras; Hipotecas
• O16 - Mercados financieros; Ahorro e inversión de capital; Gobierno y financiación de la empresa

Enfoque geográfico

• Colombia  Country
• South America  Continent

Líneas de investigación

• Audit Study
• Financial Information

Identificador de objeto digital (DOI)

• https://doi.org/10.32468/be.984

Issue

• 984