000145516 001__ 145516 000145516 005__ 20241108105821.0 000145516 0247_ $$2doi$$a10.17811/ebl.10.3.2021.208-216 000145516 0248_ $$2sideral$$a125832 000145516 037__ $$aART-2021-125832 000145516 041__ $$aeng 000145516 100__ $$0(orcid)0000-0002-8816-5816$$aPeña Guillermo$$uUniversidad de Zaragoza 000145516 245__ $$aRole of quoted spreads in financial services 000145516 260__ $$c2021 000145516 5060_ $$aAccess copy available to the general public$$fUnrestricted 000145516 5203_ $$aBanking has driven the development of the world for centuries. An interesting issue to analyze is the optimal spread on financial products reflecting the value added that does not generate economic distortions for consumers in intertemporal decisions. Based on a gravity equation for these services, this paper examines the optimality of a modified Quoted Spread, the recently-proposed mobile-ratio, by assessing whether the pure interest expressed as a gravity equation between interests does not change after applying this spread. Results show that the mobile-ratio is the specification of the spread with no distortions on investment decisions, where a Granger test to a panel of countries confirms that predictability between both variables cannot be accepted. The proposal can be useful for policy-makers, regarding fiscal and monetary policy. First, because this ratio plays a key role for the VAT on financial services, and second, because this can be a task for improving current banking regulations and guidelines, reducing uncertainty and smoothing the business cycle. © 2021, Oviedo University Press. All rights reserved. 000145516 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000145516 592__ $$a0.215$$b2021 000145516 593__ $$aEconomics, Econometrics and Finance (miscellaneous)$$c2021$$dQ3 000145516 593__ $$aBusiness and International Management$$c2021$$dQ3 000145516 594__ $$a0.9$$b2021 000145516 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000145516 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000145516 773__ $$g10, 3 (2021), 208-216$$pEconom. bus. letters$$tEconomics and business letters$$x2254-4380 000145516 8564_ $$s367479$$uhttps://zaguan.unizar.es/record/145516/files/texto_completo.pdf$$yVersión publicada 000145516 8564_ $$s2055702$$uhttps://zaguan.unizar.es/record/145516/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000145516 909CO $$ooai:zaguan.unizar.es:145516$$particulos$$pdriver 000145516 951__ $$a2024-11-08-10:37:09 000145516 980__ $$aARTICLE