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

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Baliamoune-Lutz, Mina
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2006

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