Financial Constraints on Economic Growth in the Maghreb Countries

Mehdi Guirat and Corinne Pastoret

International Journal of Political Economy, 2009, vol. 38, issue 4, 66-85

Abstract: This paper examines domestic and external financial constraints on development in the Maghreb region and proposes policy recommendations to alleviate them. In contrast to the IMF-monterrey consensus view on finance for development, it is argued that financial liberalization and the privatization of domestic banking systems, combined with export-led development strategies, tend to amplify financial constraints on development, instead of reducing them. Alternative policy recommendations include: relying more on domestic banking systems, adopting monetary, fiscal and sectoral policies to support economic development and finally, strengthening the Arab Maghreb Union with the adoption of a regional bank and a common currency.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2753/IJP0891-1916380404 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:ijpoec:v:38:y:2009:i:4:p:66-85

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MIJP20

DOI: 10.2753/IJP0891-1916380404

Access Statistics for this article

More articles in International Journal of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().