Munich Personal RePEc Archive

Faible financement bancaire dans la zone uemoa : une analyse des causes de ce mal récurrent

Cissé, Aboubakar Sidiki (2009): Faible financement bancaire dans la zone uemoa : une analyse des causes de ce mal récurrent.

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Abstract

In this working paper, we analyze the causes of under bank financing in the WAEMU (West African economic and monetary union) zone is characterized by yet quasi-permanent bank liquidity and a stable currency (the CFA franc) with unlimited convertibility guaranteed by France. We have identified several factors that explain this phenomenon among which we can mention: the low banking penetration, the importance of the informal financial sector, the limited scope of monetary policy. One important outcome of this study is that a flexible monetary policy (inflation for a little more economic growth) could facilitate the access of entrepreneurs and private to banking services.

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