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Le financement des investissements en Tunisie : le rôle des banques est-il important ?

Author

Listed:
  • Mouldi Djelassi
  • Manel Mazioud
  • Dhafer Saïdane

Abstract

[eng] The Financing of Investments in Tunisia : Is the Role of Banks Important ? . Banks play an important role in economic development. They select companies that can benefit from public savings. The banking industry affects the path of economic growth through monetary creation and allocation of savings. Have Tunisian banks reached this stage of maturity to ensure a role for growth ? This is the question that the article tries to answer. We try to identify the role of banks in financing the economy. It examines the structure of the resources of non-financial firms and confirms the result of Chaari and Couppey-Soubeyran (2007). Indeed, the Tunisian financial system adopts a behavior still quite traditional and it is neither « Based Bank » or « Market Based ». Therefore, without financial reform considering a restructuring of banks in Tunisia, the Tunisian business financing will not change and will remain dominated by self-financing. . Classification JEL : G2, G21, G32. [fre] La banque joue un rôle essentiel dans le développement économique. Son rôle consiste, en particulier, à choisir les firmes qui pourront bénéficier de l’épargne publique. Le secteur bancaire agit donc sur le sentier d’expansion économique par l’intermédiaire de la création monétaire et de l’allocation de l’épargne. Les banques tunisiennes ont-elles atteint ce stade de maturité leur permettant d’assurer un rôle moteur de la croissance ? C’est à cette question que l’article tente de répondre. Il essaie de repérer le rôle des banques en matière de financement de l’économie, examine la structure des ressources des entreprises non financières et confirme le résultat de Chaari et Couppey-Soubeyran (2007). En effet, le système financier tunisien adopte encore un comportement assez traditionnel et il n’est ni « Bank Based » ni « Market Based ». Dès lors, sans une réforme financière envisageant une restructuration des banques en Tunisie, le actuel ne fera pas évoluer la structure de financement des entreprises tunisiennes. Elle restera dominée par l’autofinancement. . Classification JEL : G2, G21, G32.

Suggested Citation

  • Mouldi Djelassi & Manel Mazioud & Dhafer Saïdane, 2010. "Le financement des investissements en Tunisie : le rôle des banques est-il important ?," Revue d'Économie Financière, Programme National Persée, vol. 97(2), pages 309-326.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2010_num_97_2_5407
    DOI: 10.3406/ecofi.2010.5407
    Note: DOI:10.3406/ecofi.2010.5407
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    References listed on IDEAS

    as
    1. Inès Chaari & Jézabel Couppey-Soubeyran, 2008. "La place des banques dans le financement de l’économie tunisienne," Revue d'Économie Financière, Programme National Persée, vol. 93(3), pages 297-317.
    2. Alexander, Ian & Mayer, Colin, 1990. "Banks and Securities Markets: Corporate Financing in Germany and the UK," CEPR Discussion Papers 433, C.E.P.R. Discussion Papers.
    3. Mayer, Colin & Alexander, Ian, 1990. "Banks and securities markets: Corporate financing in Germany and the United Kingdom," Journal of the Japanese and International Economies, Elsevier, vol. 4(4), pages 450-475, December.
    4. Demirguc-Kunt, Asli & Levine, Ross, 1999. "Bank-based and market-based financial systems - cross-country comparisons," Policy Research Working Paper Series 2143, The World Bank.
    5. Colin Mayer, 1990. "Financial Systems, Corporate Finance, and Economic Development," NBER Chapters, in: Asymmetric Information, Corporate Finance, and Investment, pages 307-332, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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