Financial Reform and the Mobilization of Domestic Savings: The Experience of Morocco

Mina Baliamoune

No RP2006-100, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Using a vector error-correction model, I explore the short-run dynamics and long-run linkages between financial reform and the mobilization of domestic saving in Morocco. In the short run, financial depth (volume of intermediation) is shown to have a positive influence on private saving, while increases in real interest rates have a negative impact. The effectiveness of financial intermediation does not seem to have a direct effect on saving but has a significant influence on the volume of intermediation.

Keywords: Capital market; Financial institutions; Saving and investment (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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