Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries
IMF Working Papers, May 1, 2007
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- Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries
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Bibliographic details
- Authors: Juan Sole, Gabriel Sensenbrenner, Amor Tahari, J. E. J. De Vrijer, Marina Moretti, Patricia D Brenner, Abdelhak S Senhadji
- Published: May 1, 2007
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451866896.001
Summary / Purpose
- A healthy and dynamic financial sector is essential to achieving high and sustainable economic growth in the Maghreb region—Algeria, Libya, Mauritania, Morocco, and Tunisia.
- Financial integration within the Maghreb region will:
- help deepen financial markets,
- increase their efficiency,
- enhance the resilience of economies to shocks,
- and play a catalyst role for the global financial integration of the Maghreb region.
- The paper provides:
- an overview of the financial systems,
- a stock-taking of the reform effort and the challenges ahead,
- an examination of the prospects for financial integration in the five Maghreb countries.
Key Findings and Focus Areas
- Emphasis on the centrality of a healthy and dynamic financial sector for sustained growth in the Maghreb.
- Regional financial integration is positioned as a mechanism to deepen markets, improve efficiency, and bolster shock resilience.
- The paper covers institutional and systemic aspects across five countries: Algeria, Libya, Mauritania, Morocco, and Tunisia.
Analytical Scope
- The study:
- reviews financial systems in the five Maghreb countries,
- takes stock of ongoing and completed financial sector reforms,
- highlights outstanding challenges that remain to be addressed,
- examines prospects and potential pathways for financial integration within the Maghreb.
Subjects and Keywords
- Subject: Banking, Commercial banks, Financial integration, Payment systems, State-owned banks
- Keywords: banking system, capital account, exchange rate, financial system, monetary policy, WP
Disclaimer Note
- "This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate."
IMF Working Paper overview: "Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries" (May 1, 2007).
Content in this bundle
- Executive Summary