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Macroeconomic framework for financial stability for Morocco

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  • firano, zakaria
  • Benbachir, Saad
  • Abouch, Mohammed

Abstract

In this paper, a macroeconomic model with financial frictions was estimated with a view to evaluate the interactions between the Moroccan banking system and the evolutions of the macroeconomic framework. Indeed, two heterogeneous commercial banks were introduced into an objective to highlight the frictions and financial shocks which affect the evolutions of the macroeconomic economic conditions. The results obtained made it possible to confirm that this model reproduced, to a certain extent, the various fundamental characteristics of the Moroccan economic system. In addition, some shocks were planned in order to measure their impacts on the equilibrium of the system. The results were convincing and the introduction of the banking system into this model proved to be persuasive.

Suggested Citation

  • firano, zakaria & Benbachir, Saad & Abouch, Mohammed, 2012. "Macroeconomic framework for financial stability for Morocco," MPRA Paper 43998, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:43998
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    References listed on IDEAS

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    Cited by:

    1. Zakaria , Firano & Fatine, Filali, 2020. "Confinement efficiency and economic scenarios of Covid-19: The case of Morocco," BizEcons Quarterly, Strides Educational Foundation, vol. 9, pages 3-17.

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    More about this item

    Keywords

    Macroeconomics; financial frictions; banking system; financial stability;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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