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BANKING MARKET INTEGRATION IN THE SADC COUNTRIES: EVIDENCE FROM INTEREST RATE ANALYSES

Meshach Aziakpono (), Stefanie Kleimeier () and Harald Sander

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Abstract: This study investigates the state, development and drivers of banking market integration in the member countries of the Southern African Development Community. A principal component analysis of national retail interest rates indicates increasing integration in loan and deposit markets. These integration processes are not developing uniformly and we can identify a convergence club. When investigating the interest rate pass-through from central bank onto retail rates for this convergence club, we find both, genuine and monetary-integration driven processes though the latter dominate. We thus conclude that a selective expansion of the Common Monetary Area is possible.

Keywords: Social; Sciences; &; Humanities (search for similar items in EconPapers)
Date: 2011-06-27
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00712383
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Published in Applied Economics, Taylor & Francis (Routledge), 2011, pp.1. ⟨10.1080/00036846.2011.583219⟩

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Related works:
Journal Article: Banking market integration in the SADC countries: evidence from interest rate analyses (2012) Downloads
Working Paper: Banking market Integration in the SADC countries: evidence from interest rate analyses (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00712383

DOI: 10.1080/00036846.2011.583219

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