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010   $a1-4623-9613-5
010   $a1-4527-5310-5
010   $a9786612842757
010   $a1-282-84275-7
010   $a1-4518-7201-1
035   $a(CKB)3170000000055223
035   $a(EBL)1608223
035   $a(SSID)ssj0000940103
035   $a(PQKBManifestationID)11483771
035   $a(PQKBTitleCode)TC0000940103
035   $a(PQKBWorkID)10948460
035   $a(PQKB)11763016
035   $a(OCoLC)650275282
035   $a(MiAaPQ)EBC1608223
035   $a(EXLCZ)993170000000055223
100   $a20090828d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aCredit market in Morocco$b[electronic resource] $ea disequilibrium approach /$fprepared by Laurence Allain and Nada Oulidi
210   $a[Washington, D.C.] $cInternational Monetary Fund, Middle East and Central Asia Dept. and Monetary and Capital Markets Dept.$d2009
215   $a1 online resource (20 p.)
225 1 $aIMF working paper ;$vWP/09/53
300   $a"March 2009."
311   $a1-4519-1636-1 
320   $aIncludes bibliographical references.
327   $aContents; 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; References
330   $aIn this paper we use a disequilibrium framework common in the "credit crunch" literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate the role of asset price increases in the recent acceleration of credit growth. Our results do not support the credit rationing hypothesis in the first half of the decade. They do however, show that the recent increase in real estate prices stimulated credit supply and demand, with a stronger effect on the latter.
410  0$aIMF working paper ;$vWP/09/53.
606   $aCredit control$zMorocco$xMathematical models
606   $aCredit$zMorocco$xMathematical models
608   $aElectronic books.
615  0$aCredit control$xMathematical models.
615  0$aCredit$xMathematical models.
676   $a338.9669
700   $aAllain$b Laurence$0873356
701   $aOulidi$b Nada$0873357
712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept.
712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910464242303321
996   $aCredit market in Morocco$91949635
997   $aUNINA