{
  "title": "Financial Sector Reforms in Algeria, Morocco, and Tunisia: A Preliminary Assessment",
  "publication": "IMF Working Papers, July 1, 1997",
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  "summary": "This paper reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia. After a description of the financial sector before reforms, it explains the main features of the comprehensive reform process in each country.",
  "sections": [
    {
      "heading": "Overview and purpose",
      "content": "- Reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia.\n- Describes the financial sector before reforms.\n- Explains the main features of the comprehensive reform process in each country.\n- Reviews the sequencing of reforms.\n- Discusses econometric evidence of the impact of the reforms on saving in each of the three countries.\n- Sets out remaining issues to be addressed in the three countries, including a further strengthening of the banking system and development of financial instruments and markets."
    },
    {
      "heading": "Key findings and analytic focus",
      "content": "- Comparative assessment across three countries (Algeria, Morocco, Tunisia) of reforms enacted and reform sequencing.\n- Econometric analysis provided on the impact of financial reforms on saving in each country.\n- Identification of persistent gaps after initial reform efforts:\n  - Need for further strengthening of the banking system.\n  - Need for development of financial instruments and markets."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Banking, Credit, Economic sectors, Financial markets, Financial regulation and supervision, Financial sector, Financial sector reform, Financial services, Money, Real interest rates, Stock markets.\n- Keywords: Algeria, central bank, cost of capital, Credit, development bank, distorted market signal, Financial sector, Financial sector reform, government savings, interest rate, interest rate liberalization, Maghreb, market, market condition, market development, market financing, market participant, Morocco, Real interest rates, Stock markets, system of bank intermediation, Tunisia, world goods market, WP.\n\n---\n\n Content in this bundle\n\n- Financial Sector Reforms in Algeria, Morocco and Tunisia: A Preliminary Assessment - WP/97/81\n  - Financial Sector Reforms in Algeria, Morocco and Tunisia: A Preliminary Assessment - WP/97/81 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Financial Sector Reforms in Algeria, Morocco and Tunisia: A Preliminary Assessment - WP/97/81 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/financial-sector-reforms-in-algeria-morocco-and-tunisia-a-preliminary-assessment-2253"
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    "[Markdown version](/en/publications/wp/issues/2016/12/30/financial-sector-reforms-in-algeria-morocco-and-tunisia-a-preliminary-assessment-2253/index.md)",
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    "Authors: Abdelali Jbili",
    "Published: July 1, 1997",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451955170.001",
    "Reviews and assesses the financial sector reforms in Algeria, Morocco and Tunisia.",
    "Describes the financial sector before reforms.",
    "Explains the main features of the comprehensive reform process in each country.",
    "Reviews the sequencing of reforms.",
    "Discusses econometric evidence of the impact of the reforms on saving in each of the three countries.",
    "Sets out remaining issues to be addressed in the three countries, including a further strengthening of the banking system and development of financial instruments and markets.",
    "Comparative assessment across three countries (Algeria, Morocco, Tunisia) of reforms enacted and reform sequencing.",
    "Econometric analysis provided on the impact of financial reforms on saving in each country.",
    "Identification of persistent gaps after initial reform efforts:",
    "Subjects: Banking, Credit, Economic sectors, Financial markets, Financial regulation and supervision, Financial sector, Financial sector reform, Financial services, Money, Real interest rates, Stock markets.",
    "Keywords: Algeria, central bank, cost of capital, Credit, development bank, distorted market signal, Financial sector, Financial sector reform, government savings, interest rate, interest rate liberalization, Maghreb, market, market condition, market development, market financing, market participant, Morocco, Real interest rates, Stock markets, system of bank intermediation, Tunisia, world goods market, WP.",
    "**Financial Sector Reforms in Algeria, Morocco and Tunisia: A Preliminary Assessment - WP/97/81**"
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