Banking market integration in the SADC countries: Evidence from interest rate analyses

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dc.contributor.authorAziakpono M.J.
dc.contributor.authorKleimeier S.
dc.contributor.authorSander H.
dc.date.accessioned2011-10-13T16:58:23Z
dc.date.available2011-10-13T16:58:23Z
dc.date.issued2011
dc.description.abstractThis study investigates the state, development and drivers of banking market integration in the member countries of the Southern African Development Community (SADC). A Principal Component Analysis (PCA) 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 (CMA) is possible. © 2012 Taylor & Francis.
dc.description.versionArticle
dc.identifier.citationApplied Economics
dc.identifier.citation44
dc.identifier.citation29
dc.identifier.citationhttp://www.scopus.com/inward/record.url?eid=2-s2.0-80051962935&partnerID=40&md5=7757bb374236a477c8bde3f26e00beec
dc.identifier.issn36846
dc.identifier.other10.1080/00036846.2011.583219
dc.identifier.urihttp://hdl.handle.net/10019.1/16706
dc.subjectBanking market integration
dc.subjectInterest rate pass-through
dc.subjectMonetary integration
dc.subjectPrinciple components
dc.subjectSouthern african development community
dc.subjectbanking
dc.subjectcentral bank
dc.subjecteconomic integration
dc.subjectfinancial market
dc.subjectinterest rate
dc.subjectlending behavior
dc.subjectprincipal component analysis
dc.subjectretailing
dc.subjectSouth Africa
dc.titleBanking market integration in the SADC countries: Evidence from interest rate analyses
dc.typeArticle
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