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Banking Sector Integration and Competition in CEMAC

Author

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  • 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 07/3, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/3
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2005. "Competition in Indian Banking," IMF Working Papers 05/141, International Monetary Fund.
    2. David Hauner & Shanaka J Peiris, 2005. "Bank Efficiency and Competition in Low-Income Countries; The Case of Uganda," IMF Working Papers 05/240, International Monetary Fund.
    3. Amadou N Sy, 2006. "Financial Integration in the West African Economic and Monetary Union," IMF Working Papers 06/214, International Monetary Fund.
    4. Johan Mathisen & Thierry D. Buchs, 2005. "Competition and Efficiency in Banking; Behavioral Evidence from Ghana," IMF Working Papers 05/17, International Monetary Fund.
    5. Manna, Michele, 2004. "Developing statistical indicators of the integration of the euro area banking system," Working Paper Series 300, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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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. Jian-Ye Wang & Nisreen H. Farhan & Amar Shanghavi & Márcio Valério Ronci & 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 08/118, International Monetary Fund.
    3. 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.
    4. 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.
    5. 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.

    More about this item

    Keywords

    Financial soundness indicators; Economic cooperation; Competition; Central African Economic and Monetary Community; Banks; Bank soundness; Monetary unions; CEMAC; monetary union; banking sector integration; bank competition; banking; excess liquidity; banking sector; Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; General Equilibrium and Disequilibrium: Other; Financial Markets and the Macroeconomy; Bank Ccompetition;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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