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Analyse du pass-through du taux d’intérêt au Maroc
[Analysis of the interest rate in Morocco]

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  • harraou, Khalid

Abstract

This article is devoted in particular to examining the relationship between the money market rate and bank rates through pass-through analysis and also to studying the presence of asymmetry in the transmission dynamics of the policy. at the level of the Moroccan banking system. For this, an Error Correction Model is used to measure the degree of responsiveness of bank rates following changes in monetary conditions.

Suggested Citation

  • harraou, Khalid, 2019. "Analyse du pass-through du taux d’intérêt au Maroc
    [Analysis of the interest rate in Morocco]
    ," MPRA Paper 94968, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:94968
    as

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    File URL: https://mpra.ub.uni-muenchen.de/94968/1/MPRA_paper_94968.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Pass-through; monetary policy; transmission channels; lending rates; credit rates; interbank rate; Error Correction Model (ERM);

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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