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]
In 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.
|Date of creation:||Jan 2009|
|Date of revision:||24 Aug 2012|
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- Kangni R. Kpodar & Sylviane Guillaumont Jeanneney, 2006.
"Développement financier, instabilité financière et croissance économique,"
Économie et Prévision,
Programme National Persée, vol. 174(3), pages 87-111.
- Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière et croissance économique," Working Papers 200413, CERDI.
- Sylviane GUILLAUMONT JEANNENEY & Kangni KPODAR, 2004. "Développement financier, instabilité financière et croissance économique," Macroeconomics 0407004, EconWPA.
- Lee, Jaewoo, 1996. "Financial development by learning," Journal of Development Economics, Elsevier, vol. 50(1), pages 147-164, June.
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