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

Aboubakar Sidiki Cissé

MPRA Paper from University Library of Munich, Germany

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.

Keywords: liquidity; financial system; WAEMU; the CFA franc; bank financing; the real economy (search for similar items in EconPapers)
JEL-codes: O1 E5 N17 (search for similar items in EconPapers)
Date: 2009-01, Revised 2012-08-24
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