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Credit market in Morocco : a disequilibrium approach / / prepared by Laurence Allain and Nada Oulidi



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Autore: Allain Laurence Visualizza persona
Titolo: Credit market in Morocco : a disequilibrium approach / / prepared by Laurence Allain and Nada Oulidi Visualizza cluster
Pubblicazione: [Washington, D.C.], : International Monetary Fund, Middle East and Central Asia Dept. and Monetary and Capital Markets Dept., 2009
Edizione: 1st ed.
Descrizione fisica: 1 online resource (20 p.)
Disciplina: 338.9669
Soggetto topico: Credit control - Morocco - Mathematical models
Credit - Morocco - Mathematical models
Altri autori: OulidiNada  
Note generali: "March 2009."
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: 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; References
Sommario/riassunto: In 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.
Titolo autorizzato: Credit Market in Morocco  Visualizza cluster
ISBN: 1-4623-9613-5
1-4527-5310-5
9786612842757
1-282-84275-7
1-4518-7201-1
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910825900203321
Lo trovi qui: Univ. Federico II
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Serie: IMF working paper ; ; WP/09/53.