03153nam 2200637Ia 450 991082590020332120200520144314.01-4623-9613-51-4527-5310-597866128427571-282-84275-71-4518-7201-1(CKB)3170000000055223(EBL)1608223(SSID)ssj0000940103(PQKBManifestationID)11483771(PQKBTitleCode)TC0000940103(PQKBWorkID)10948460(PQKB)11763016(OCoLC)650275282(IMF)WPIEE2009053(MiAaPQ)EBC1608223(EXLCZ)99317000000005522320090828d2009 uf 0engur|n|---|||||txtccrCredit market in Morocco a disequilibrium approach /prepared by Laurence Allain and Nada Oulidi1st ed.[Washington, D.C.] International Monetary Fund, Middle East and Central Asia Dept. and Monetary and Capital Markets Dept.20091 online resource (20 p.)IMF working paper ;WP/09/53"March 2009."1-4519-1636-1 Includes bibliographical references.Contents; I. Introduction; II. Overview of Credit Market Developments; Figures; 1. Required Bank Reserves and Official Reserves, 2000-07; 2. Treasury Bill Rate, 2000-07; 3. Private Sector Credit in Percent of GDP, 2000-07; 4. Structure of Banking System Assets; 5. Credit to the Economy (2002=100); 6. Evolution of Real Estate Stock Market Index; III. Literature Review; IV. Estimation Strategy; V. Estimation Results; VI. Concluding Remarks; Appendixes; I. Unit Root Tests; II. Cointegration Tests; ReferencesIn this paper we use a disequilibrium framework common in the “credit crunch” literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate the role of asset price increases in the recent acceleration of credit growth. Our results do not support the credit rationing hypothesis in the first half of the decade. They do however, show that the recent increase in real estate prices stimulated credit supply and demand, with a stronger effect on the latter.IMF working paper ;WP/09/53.Credit controlMoroccoMathematical modelsCreditMoroccoMathematical modelsCredit controlMathematical models.CreditMathematical models.338.9669Allain Laurence1721158Oulidi Nada1673674International Monetary Fund.Middle East and Central Asia Dept.International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910825900203321Credit Market in Morocco4120431UNINA