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HANNAH NIELSEN EBSON UANGUTA SYLVANUS IKHIDE 《The South African journal of economics. Suid-afrikaanse tydskrif vir ekonomie》2005,73(4):710-721
This paper assesses the level of financial integration within the CMA countries, using the concept of the uncovered interest rate parity. The impact of foreign interest rates on the domestic interest rates, in this case the South African rates on the rates of the LNS countries, is analysed. For comparative purposes, other neighbouring countries such as Botswana, Zambia and Zimbabwe are brought into the analysis. The results from the uncovered interest rate parity approach show that Lesotho, Namibia and Swaziland can be considered to be well financially integrated with the South African market, while for Botswana, Zambia and Zimbabwe it shows the contrary. 相似文献
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