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Macroeconomic framework for financial stability for Morocco

firano, zakaria and Benbachir, Saad and Abouch, Mohammed (2012): Macroeconomic framework for financial stability for Morocco. Published in: British Journal of Economics, Finance and Management Sciences , Vol. 3, No. 2048-125X (2012): pp. 79-107.

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Abstract

In this paper, a macroeconomic model with financial frictions was estimated with a view to evaluate the interactions between the Moroccan banking system and the evolutions of the macroeconomic framework. Indeed, two heterogeneous commercial banks were introduced into an objective to highlight the frictions and financial shocks which affect the evolutions of the macroeconomic economic conditions. The results obtained made it possible to confirm that this model reproduced, to a certain extent, the various fundamental characteristics of the Moroccan economic system. In addition, some shocks were planned in order to measure their impacts on the equilibrium of the system. The results were convincing and the introduction of the banking system into this model proved to be persuasive.

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