TY - RPRT U1 - Arbeitspapier A1 - Aziakpono, Meshach Jesse A1 - Kleimeier, Stefanie A1 - Sander, Harald T1 - Banking market integration in the SADC countries : evidence from interest rate analyses N2 - This paper investigates the state, development and drivers of banking market integration in the member countries of the Southern African Development Community (SADC) by employing interest rate data. We first conduct a principal component analysis and find evidence for both increasing monetary integration and banking integration in loan and deposit markets. These integration processes are not developing uniformly and we can identify a convergence club. As banking market integration can be a genuine process or simply be driven by monetary integration, we also investigate the interest rate pass through from national and South African Central bank interest rates onto national retail rates. With respect to the convergence club we find both, genuine and monetary-integration driven processes though the latter dominate. We conclude that a selective expansion of the Common Monetary Area is possible but needs to be complement by efficient financial development policies. T3 - GLOBUS working paper - 2009,1 KW - Southern African Development Community KW - Südafrika KW - Bank KW - Integration KW - Markt KW - Banking Market Integration KW - Monetary Integration KW - South Africa KW - Interest Rate Pass-Through Y1 - 2009 U6 - https://nbn-resolving.org/urn:nbn:de:101:1-201202097474 UN - https://nbn-resolving.org/urn:nbn:de:101:1-201202097474 ER -