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Determinants of Banking Liquidity in South Mediterranean Countries: The Case of Morocco

Imad El Hamma and Abdelbar Ejbari ()
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Abdelbar Ejbari: Université Abdelmalek Essaâdi

Chapter Chapter 9 in Financial Integration, 2013, pp 159-171 from Springer

Abstract: Abstract This study analyses the determinants of the sizeable liquidity held by Moroccan commercial banks that hamper monetary policymaking. We use monthly bank specific and macroeconomic data over the period 2003–2009 and apply the method of instrumental variables to analyse bank liquidity. Our results show that the large excess of liquidity is a consequence of insufficiencies in the domestic credit market and the public securities market. The low level of development of the financial sector also plays a role.

Keywords: Bank; Banking liquidity; Liquidity management (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-3-642-35697-1_9

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