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La place des banques dans le financement de l'économie tunisienne

Author

Listed:
  • I. Chaari
  • Jézabel Couppey-Soubeyran

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

[eng] Role of banks in financing Tunisian economy . This paper deals with the composition of external financings in Tunisia and its evolution during a period (1983-2005) of deep financial reforms. Using financial national accounts, we compute several financing ratios which allow us to assess the share of domestic banks in the financing of non-financial agents. According to our results, the share of loans offered by domestic banks does not exceed 19% of financings of the all non-financial agents (vs. 13% of the external financings of firms). The Tunisian financial system is still in a « bankarization » process. Our results provide evidence for the lack of impact of financial reforms which do not seem to have allowed the take-off of financings by claims. In a few words, Tunisian financial system is neither a bank-based system nor a market-based system. . JEL Classification : G10, G21, O16, O55 [fre] Cet article analyse la structure des financements externes en Tunisie et son évolution entre 1983 et 2005, période au cours de laquelle ont été conduites les principales réformes du secteur bancaire et financier. À partir des données financières de la comptabilité nationale tunisienne, les auteurs calculent un ensemble de ratios de financement qui leur permettent d’évaluer la part des banques dans le financement des agents non financiers. Les résultats permettent d’établir que cette part a progressé au cours de la période mais qu’elle reste faible. Le système financier tunisien est encore en phase de bancarisation. Ils montrent aussi, à partir de ces ratios, que les réformes financières n’ont pas non plus permis le développement des financements de marché. Le système financier tunisien n’est donc ni orienté banque, ni orienté marché. . Classification JEL : G10, G21, O16, O55
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Suggested Citation

  • I. Chaari & Jézabel Couppey-Soubeyran, 2008. "La place des banques dans le financement de l'économie tunisienne," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00311356, HAL.
    • Handle: RePEc:hal:cesptp:halshs-00311356
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    References listed on IDEAS

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    1. Malcolm Edey & Ketil Hviding, 1995. "An Assessment of Financial Reform in OECD Countries," OECD Economics Department Working Papers 154, OECD Publishing.
    2. Capelle-Blancard, Gunther & Couppey-Soubeyran, Jezabel & Soulat, Laurent, 2008. "The measurement of financial intermediation in Japan," Japan and the World Economy, Elsevier, vol. 20(1), pages 40-60, January.
    3. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    4. Gunther Capelle-Blancard & Jézabel Couppey-Soubeyran, 2003. "Le financement des agents non financiers en Europe : le rôle des intermédiaires financiers demeure prépondérant," Économie et Statistique, Programme National Persée, vol. 366(1), pages 63-95.
    5. Rajan, Raghuram & Zingales, Luigi, 2003. "Banks and Markets: the Changing Character of European Finance," CEPR Discussion Papers 3865, C.E.P.R. Discussion Papers.
    6. Levine, Ross, 2002. "Bank-Based or Market-Based Financial Systems: Which Is Better?," Journal of Financial Intermediation, Elsevier, vol. 11(4), pages 398-428, October.
    7. Frédéric Boissay, 2004. "Crédits interentreprises et délais de paiement : une théorie financière," Annals of Economics and Statistics, GENES, issue 73, pages 101-118.
    8. repec:adr:anecst:y:2004:i:73:p:05 is not listed on IDEAS
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    Cited by:

    1. 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.
    2. repec:dau:papers:123456789/401 is not listed on IDEAS

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    More about this item

    Keywords

    banque;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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