Faible financement bancaire dans la zone uemoa : une analyse des causes de ce mal récurrent
[Low financing in the waemu zone: an analysis of the causes of this disease recurring]
AbstractIn this working paper, we analyze the causes of under bank financing in the WAEMU (West African economic and monetary union) zone is characterized by yet quasi-permanent bank liquidity and a stable currency (the CFA franc) with unlimited convertibility guaranteed by France. We have identified several factors that explain this phenomenon among which we can mention: the low banking penetration, the importance of the informal financial sector, the limited scope of monetary policy. One important outcome of this study is that a flexible monetary policy (inflation for a little more economic growth) could facilitate the access of entrepreneurs and private to banking services.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 40821.
Date of creation: Jan 2009
Date of revision: 24 Aug 2012
liquidity; financial system; WAEMU; the CFA franc; bank financing; the real economy;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lee, Jaewoo, 1996. "Financial development by learning," Journal of Development Economics, Elsevier, vol. 50(1), pages 147-164, June.
- Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004.
"Développement financier, instabilité financière et croissance économique,"
- Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière et croissance économique," Macroeconomics 0407004, EconWPA.
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