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Libéralisation financière : Impacts et conditions de réussite Un essai d'application pour les pays du Maghreb

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  • Hamdi KHALFAOUI

    (Faculté des Sciences Economiques et de Getion de Tunis)

Abstract

Résumé : La libéralisation financière qui est imposée à certains pays en développement, sous l'égide des organisations internationales (FMI et Banque Mondiale) et l'impulsion de la puissante vague de transactions financières internationales, est devenue de plus en plus une exigence incontournable, non seulement, pour sortir d'un régime souvent réprimé mais aussi pour combler leur déficit extérieur et amorcer une croissance et un développement durable. En outre, il reste encore difficile d'identifier des conditions financières, institutionnelles et économico- politiques communes et universelles pour mener à bien une politique financière libérale, vu, la particularité et la spécificité des systèmes financiers des pays étudiés. Mais en passant en revue de littérature, on s'aperçoit qu'une procédure de libéralisation ordonnée et enchaînée, avec l'appui de politiques macroéconomiques saines, des systèmes financiers intérieurs solides et une réglementation prudentielle appropriée, la libéralisation financière devient non seulement inévitable mais aussi rentable. Afin de tenir compte des spécificités individuelles et a-temporelles des phénomènes de croissance, nous utiliserons une analyse en données de panel accompagnée par des tests de spécification pour mieux estimer l’impact de la finance sur la croissance et mieux concrétiser les conditions de réussite d'une telle libéralisation.

Suggested Citation

  • Hamdi KHALFAOUI, 2005. "Libéralisation financière : Impacts et conditions de réussite Un essai d'application pour les pays du Maghreb," International Finance 0512006, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpif:0512006
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    References listed on IDEAS

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    More about this item

    Keywords

    Libéralisation Financière; Réformes; Croissance économique; PMA.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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