Financial gradualism and banking crises in North Africa region: an investigation by a panel logit model

Ahmed Khattab () and Abid Ihadiyan ()
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Ahmed Khattab: Department of Economics, Abdelmalek Essaadi University, Faculty of Economics, Tangier, Morocco.
Abid Ihadiyan: Department of Economics, Abdelmalek Essaadi University, Faculty of Economics, Tangier, Morocco.

Journal of Economics and Political Economy, 2017, vol. 4, issue 4, 343-355

Abstract: In order to overcome the troubles of the crisis in the seventies, North African countries have adopted financial liberalization policies to enhance their economic growth. Moreover, these policies have affected the stability of their banking systems. The purpose of this study is to test the impact of financial liberalization on the probability of appearance of banking crises which covers a sample of four countries of the North Africa region during the period 1970-2003 by using a panel logit model. The empirical analysis of this study suggests that (a) the degree of financial liberalization impact significantly the occurrence of banking crises in the countries of the region, (b) the order of financial liberalization between internal and external financial liberalization is also crucial for the emergence of banking crises

Keywords: Financial liberalization; Banking crises; North African countries; Panel logit model; Order of financial liberalization; Degree of financial liberalization. (search for similar items in EconPapers)
JEL-codes: C33 F36 F37 G15 G18 (search for similar items in EconPapers)
Date: 2017
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