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Determinants of Banking Liquidity in South Mediterranean Countries: The Case of Morocco

In: Financial Integration

Author

Listed:
  • Imad Hamma

    (Université de Nice Sophia Antipolis)

  • Abdelbar Ejbari

    (Université Abdelmalek Essaâdi)

Abstract

This study analyses the determinants of the sizeable liquidity held by Moroccan commercial banks that hamper monetary policymaking. We use monthly bank specific and macroeconomic data over the period 2003–2009 and apply the method of instrumental variables to analyse bank liquidity. Our results show that the large excess of liquidity is a consequence of insufficiencies in the domestic credit market and the public securities market. The low level of development of the financial sector also plays a role.

Suggested Citation

  • Imad Hamma & Abdelbar Ejbari, 2013. "Determinants of Banking Liquidity in South Mediterranean Countries: The Case of Morocco," Financial and Monetary Policy Studies, in: Marga Peeters & Nidal Sabri & Wassim Shahin (ed.), Financial Integration, chapter 0, pages 159-171, Springer.
    • Handle: RePEc:spr:fimchp:978-3-642-35697-1_9
    DOI: 10.1007/978-3-642-35697-1_9
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    Cited by:

    1. Primus, Keyra, 2017. "Excess reserves, monetary policy and financial volatility," Journal of Banking & Finance, Elsevier, vol. 74(C), pages 153-168.
    2. Omar Tazi & Samir Aguenaou & Jawad Abrache, 2022. "A Comparative Study of the Fama-French Three Factor and the Carhart Four Factor Models: Empirical Evidence from Morocco," International Journal of Economics and Financial Issues, Econjournals, vol. 12(1), pages 58-66.

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