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Banking Sector Integration and Competition in CEMAC

Author

Listed:
  • Jérôme Vacher
  • Samer Y. Saab

Abstract

This paper considers the extent of retail banking integration in the Communauté Economique et Monétaire d'Afrique Centrale (CEMAC) and the level of bank competition at the regional level. Using a mix of quantitative and qualitative indicators, the paper finds some evidence of price convergence in average interest rate spreads. However, this observed fact is not supported by an increase in cross-border flows in retail loans and deposits, and price convergence may merely reflect excess liquidity in the region. Other data also indicate that bank competition within the CEMAC as a region is limited, complementing the findings on integration. Addressing shortfalls in legal and regulatory frameworks, infrastructure, and markets would facilitate integration.

Suggested Citation

  • Jérôme Vacher & Samer Y. Saab, 2007. "Banking Sector Integration and Competition in CEMAC," IMF Working Papers 2007/003, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2007/003
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    Citations

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    Cited by:

    1. Pamphile MEZUI-MBENG, 2012. "Cycle Du Credit Et Cycle Des Affaires Dans Les Pays De La Cemac," Cahiers du CEREFIGE 1202, CEREFIGE (Centre Europeen de Recherche en Economie Financiere et Gestion des Entreprises), Universite de Lorraine, revised 2012.
    2. Ovidiu Stoica & Otilia-Roxana Oprea & Ionel Bostan & Carmen Sandu Toderașcu & Cristina Mihaela Lazăr, 2020. "European Banking Integration and Sustainable Economic Growth," Sustainability, MDPI, vol. 12(3), pages 1-19, February.
    3. Mr. Jian-Ye Wang & Nisreen H. Farhan & Amar Shanghavi & Mr. Márcio Valério Ronci & Ms. Misa Takebe, 2008. "The Choice of Monetary and Exchange Rate Arrangements for a Small, Open, Low-Income Economy: The Case of São Tomé and Príncipe," IMF Working Papers 2008/118, International Monetary Fund.
    4. KAMGNA, Severin Yves & Ndambendia, Houdou, 2008. "Excès de liquidité systémique et effectivité de la politique monétaire : cas des pays de la CEMAC [Excess liquidity and monetary policy effectiveness: The case of CEMAC countries]," MPRA Paper 9599, University Library of Munich, Germany.
    5. KAMGNA, Severin Yves & DIMOU, Leonnel, 2008. "Efficacité technique des banques de la CEMAC [Technical efficiency of the banks of the CEMAC]," MPRA Paper 9603, University Library of Munich, Germany.
    6. Godfrey Forgha Njimanted & Akume Daniel Akume & Nkwetta Ajong Aquilas, 2017. "Modelling the Impact of Liquidity Trend on the Financial Performance of Commercial Banks and Economic Growth in Cameroon," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 8(3), pages 121-134, July.
    7. Léon, Florian, 2016. "Does the expansion of regional cross-border banks affect competition in Africa? Indirect evidence," Research in International Business and Finance, Elsevier, vol. 37(C), pages 66-77.

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