Arbeitspapier
Financial reform and the mobilization of domestic savings: The experience of Morocco
Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while increases in real interest rates have a negative impact. The effectiveness of financial intermediation does not seem to have a direct effect on saving but has a significant influence on the volume of intermediation. In the long run, savings have a stable relationship with financial reform but the influence of interest rates remains negative, implying that the income effect dominates in the long run as well.
- ISBN
-
9291908843
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Research Paper ; No. 2006/100
- Klassifikation
-
Wirtschaft
Macroeconomics: Consumption; Saving; Wealth
Financial Markets and the Macroeconomy
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- Thema
-
financial sector reform
Morocco
saving mobilization
VECM
Bankenpolitik
Finanzintermediär
Sparen
Sparförderung
Marokko
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baliamoune-Lutz, Mina
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Baliamoune-Lutz, Mina
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2006