Munich Personal RePEc Archive

FINANCEMENT DES DEFICITS PUBLICS ET COMPORTEMENT DU SECTEUR FINANCIER EN ZONE CEMAC

BESSO, CHRISTOPHE RAOUL (2018): FINANCEMENT DES DEFICITS PUBLICS ET COMPORTEMENT DU SECTEUR FINANCIER EN ZONE CEMAC.

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Abstract

This paper has as objective to evaluate the impact of public deficits on domestic credit to the private sector in the CEMAC zone. The study is carried out over the period from 1985 to 2016, thanks to an autoregressive econometric model in panel data and distributed delays. The model estimates that, in the short term, domestic credit to the private sector is positively influenced by its past values, while for the other variables, the effects remain mixed. In the long term, the fiscal deficit positively influences the evolution of domestic credit to the private sector in the CEMAC zone because of the weak development of the financial markets.

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