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Faible financement bancaire dans la zone uemoa : une analyse des causes de ce mal récurrent
[Low financing in the waemu zone: an analysis of the causes of this disease recurring]

Author

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  • Cissé, Aboubakar Sidiki

Abstract

In this working paper, we analyze the causes of under bank financing in the WAEMU (West African economic and monetary union) zone is characterized by yet quasi-permanent bank liquidity and a stable currency (the CFA franc) with unlimited convertibility guaranteed by France. We have identified several factors that explain this phenomenon among which we can mention: the low banking penetration, the importance of the informal financial sector, the limited scope of monetary policy. One important outcome of this study is that a flexible monetary policy (inflation for a little more economic growth) could facilitate the access of entrepreneurs and private to banking services.

Suggested Citation

  • Cissé, Aboubakar Sidiki, 2009. "Faible financement bancaire dans la zone uemoa : une analyse des causes de ce mal récurrent [Low financing in the waemu zone: an analysis of the causes of this disease recurring]," MPRA Paper 40821, University Library of Munich, Germany, revised 24 Aug 2012.
    • Handle: RePEc:pra:mprapa:40821
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    References listed on IDEAS

    as
    1. Kangni R. Kpodar & Sylviane Guillaumont Jeanneney, 2006. "Développement financier, instabilité financière et croissance économique," Économie et Prévision, Programme National Persée, vol. 174(3), pages 87-111.
    2. Greenwood, Jeremy & Jovanovic, Boyan, 1990. "Financial Development, Growth, and the Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1076-1107, October.
    3. Acemoglu, Daron & Zilibotti, Fabrizio, 1997. "Was Prometheus Unbound by Chance? Risk, Diversification, and Growth," Journal of Political Economy, University of Chicago Press, vol. 105(4), pages 709-751, August.
    4. Lee, Jaewoo, 1996. "Financial development by learning," Journal of Development Economics, Elsevier, vol. 50(1), pages 147-164, June.
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    More about this item

    Keywords

    liquidity; financial system; WAEMU; the CFA franc; bank financing; the real economy;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania

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