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La complémentarité des banques et des microbanques dans une approche de la comptabilité des flux et des stocks


  • SODOKIN, Koffi

    () (LEG - CNRS UMR 5118 - Université de Bourgogne)


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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  • SODOKIN, Koffi, 2006. "La complémentarité des banques et des microbanques dans une approche de la comptabilité des flux et des stocks," LEG - Document de travail - Economie 2006-09, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
  • Handle: RePEc:lat:legeco:2006-09

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    References listed on IDEAS

    1. Rodolphe Blavy & Anupam Basu & Murat  Yulek, 2004. "Microfinance in Africa; Experience and Lessons From Selected African Countries," IMF Working Papers 04/174, International Monetary Fund.
    2. Daniel, Betty C & Kim, Hong-Bum, 1992. "An Alternative Rationale for Financial Dualism: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 24(4), pages 570-577, November.
    3. van Wijnbergen, Sweder, 1983. "Credit policy, inflation and growth in a financially repressed economy," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 45-65.
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    5. Van Wijnbergen, S., 1983. "Interest rate management in LDC's," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 433-452, September.
    6. Nissanke, Machiko K, 2001. "Financing Enterprise Development in Sub-Saharan Africa," Cambridge Journal of Economics, Oxford University Press, vol. 25(3), pages 343-367, May.
    7. Claudio H. Dos Santos, 2005. "A stock-flow consistent general framework for formal Minskyan analyses of closed economies," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(4), pages 712-735.
    8. Kumar Aniket, 2005. "Self Help Groups: Use of modified ROSCAs in Microfinance," ESE Discussion Papers 137, Edinburgh School of Economics, University of Edinburgh.
    9. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-115, March.
    10. Godley, Wynne, 1999. "Money and Credit in a Keynesian Model of Income Determination," Cambridge Journal of Economics, Oxford University Press, vol. 23(4), pages 393-411, July.
    11. Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017.
    12. SODOKIN, Koffi, 2006. "La fonction monétaire des institutions de microfinance et leurs relations de complémentarité avec les banques officielles dans les pays en développement," LEG - Document de travail - Economie 2006-08, LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne.
    13. Buffie, Edward F., 1984. "Financial repression, the new structuralists, and stabilization policy in semi-industrialized economies," Journal of Development Economics, Elsevier, vol. 14(3), pages 305-322, April.
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    More about this item


    Banques ; microbanques ; complémentarité ; flux-stock ; pays en développement ; Banks ; microbanks ; complementarity ; flow-stock ; West Africa ; Low developing countries.;

    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, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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