Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63259
Authors: 
Baliamoune-Lutz, Mina
Year of Publication: 
2006
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2006/100
Abstract: 
Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while increases in real interest rates have a negative impact. The effectiveness of financial intermediation does not seem to have a direct effect on saving but has a significant influence on the volume of intermediation. In the long run, savings have a stable relationship with financial reform but the influence of interest rates remains negative, implying that the income effect dominates in the long run as well.
Subjects: 
financial sector reform
Morocco
saving mobilization
VECM
JEL: 
E21
E44
O16
ISBN: 
9291908843
Document Type: 
Working Paper

Files in This Item:
File
Size
116.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.