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Surliquidité bancaire et « sous-financement de l'économie ». Une analyse du paradoxe de l'UEMOA

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  • Soumaila Doumbia

Abstract

This paper focuses on the overliquidity in the banking system of the West African Economic and Monetary Union (WAEMU) in a context of ?underfinancing of the economy?. In this area, banks tend to overestimate the risk associated with the financing of a significant number of enterprises which involves the insufficiency of loans compared to deposits and, therefore, an increase of their liquidity beyond the required threshold. The excess liquidity of banks initially led to idle deposits into the Central Bank before being recycled to finance sovereign debt. This phenomenon has helped to reduce the importance of overliquidity without fully absorbing them. Ultimately, the excess liquidity is not completely absorbed and the issue of financing the economy is only changing its nature.

Suggested Citation

  • Soumaila Doumbia, 2011. "Surliquidité bancaire et « sous-financement de l'économie ». Une analyse du paradoxe de l'UEMOA," Revue Tiers-Monde, Armand Colin, vol. 0(1), pages 151-170.
  • Handle: RePEc:cai:rtmarc:rtm_205_0151
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    Citations

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    Cited by:

    1. Djimoudjiel, Djekonbe & T. Rostand, Dany Dombu & MBATINA NODJI, NDILENGAR, 2024. "What lessons does the COVID-19 pandemic teach us about banking liquidity and information share in the CEMAC zone?," MPRA Paper 119666, University Library of Munich, Germany, revised 17 Jan 2024.
    2. Fabien Clive Ntonga Efoua, 2019. "De l'Euphorie à la Panique : Une Relecture de l'Instabilité Financière des Années 1980 dans la Zone BEAC," Post-Print hal-03198360, HAL.
    3. SECK, Massamba Souleymane, 2019. "Complémentarité Banque islamique du Sénégal/institutions de microfinance : un modèle de financement inclusif et durable des PME sénégalaises [Complementarity Islamic Bank of Senegal/microfinance in," MPRA Paper 92190, University Library of Munich, Germany.
    4. Koddenbrock, Kai & Sylla, Ndongo Samba, 2019. "Towards a political economy of monetary dependency: The case of the CFA franc in West Africa," MaxPo Discussion Paper Series 19/2, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).
    5. Koddenbrock, Kai & Kvangraven, Ingrid Harvold & Sylla, Ndongo Samba, 2020. "Beyond Financialisation: The Need for a Longue Durée Understanding of Finance in Imperialism," OSF Preprints pjt7x, Center for Open Science.
    6. Diallo, Boubacar & Thiongane, Mamaye, 2018. "Accès au Crédit Bancaire des Petites et Moyennes Entreprises au Sénégal [Access to Bank Credit for Small and Medium-sized Enterprises in Senegal]," MPRA Paper 89378, University Library of Munich, Germany, revised 01 Oct 2018.
    7. Zhaomin Zou, 2013. "La transition financière chinoise : un contre-exemple de la libéralisation financière," Post-Print halshs-00904296, HAL.

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