L'objectif de ce papier est de démontrer les relations complémentaires entre les banques officielles (les banques) et les institutions de microfinance (les microbanques) dans un modèle flux-stock initialement proposé par Godley et Lavoie. Nous montrons que les banques officielles accommodent conjointement avec les microbanques les demandes de financement des coûts de production des firmes et des microfirmes jugées solvables dans les pays en développement (P.E.D). En conséquence, dans les économies contemporaines des pays les moins avancés, le système bancaire est à deux paliers avec une structure atypique. Un premier palier constitué par la Banque Centrale qui harmonise l'ensemble du système de paiement, un second palier constitué de deux catégories de banques. La première catégorie est constituée des banques commerciales officielles (les banques) et une deuxième catégorie constituée des banques de facto (les microbanques). Les banques et les microbanques jouent un rôle central dans le processus macroéconomique de production des revenus en coordonnant conjointement les anticipations et les actions des différents secteurs économiques des P.E.D. / This paper aims to show complementary of official banks and microbanks in a stock-flow accounting framework initially proposed by Godley and Lavoie. We show that the official banks and microbanks finance the production costs of credits worthy firms and microfirms in Low Developing Countries (LDCs). Consequently, in the contemporary economies of LDCs, the banking system is at two stages with an atypical structure. At the first stage we have the Central Bank which harmonizes the whole payment system, and at the second stage, we have two categories of banks. The first category are the official commercial banks (banks) and the second category are the banks de facto (the microbanks). Banks and microbanks play a central role in the macroeconomic process of income generation by coordinate together anticipations and actions of the various economic sectors in LDs
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Paper provided by LEG, Laboratoire d'Economie et de Gestion, CNRS UMR 5118, Université de Bourgogne in its series LEG - Document de travail - Economie with number
2006-09.
Length: 31 pages Date of creation: Oct 2006 Date of revision: Handle: RePEc:lat:legeco:2006-09
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Find related papers by JEL classification: E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
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