IMF paper looks at Moroccan monetary policy

morocco

Changes in Moroccan monetary policy influences some firms’ access to finance through the balance sheet transmission channel, researchers from the International Monetary Fund find.

Lahcen Bounader and Mohamed Doukali use data from income statement and balance sheets from 58,500 Moroccan firms from 2010–16 to examine firms’ balance sheet responses to policy rate changes.

The research dispels a “widespread view” that the only monetary transmission channel in the economy is through the interest

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: