Modeling Consumers’ Behavior in New Dual Banking Markets: The Case of Morocco

Mohamed Wail Aaminou and Rajae Aboulaich ()
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Mohamed Wail Aaminou: Islamic Finance Engineering Laboratory, Laboratoire d’Etude et de Recherche en Mathématiques, Mohammadia School of Engineering, Mohammed V University, Rabat, Morocco
Rajae Aboulaich: Islamic Finance Engineering Laboratory, Laboratoire d’Etude et de Recherche en Mathématiques, Mohammadia School of Engineering, Mohammed V University, Rabat, Morocco

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2017, vol. 20, issue 02, 1-24

Abstract: This paper aims to model the impact of retail consumers’ behavior on a new banking dual market featuring both conventional and Islamic banking products. To build the model, we conduct an empirical qualitative and quantitative survey on Moroccan market consumers in order to appraise their preferences with regard to banking products’ attributes. Then, we use conjoint analysis method to determine the consumers’ decision function. We run market simulations on a Multi-Agents Simulation platform and analyze the results. Our findings indicate that in new dual markets, and under a range of assumptions, it is predicted that Islamic banks will face excess liquidity while conventional banks will be exposed to liquidity shortage.

Keywords: Conventional banks; Islamic banks; consumer behavior; multi-agent simulation (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0219091517500096

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