Series: IMF Working Papers
Author(s): Nada Oulidi , and Laurence Allain
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2009
Keywords: Credit growth, credit supply, real estate, stock market, credit market, capital inflows,
In this paper we use a disequilibrium framework common in the 'credit crunch' literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the...