Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries

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, and enhance the resilience of economies to shocks. It can also play a catalyst role for the global financial integration of the Maghreb region. This paper provides an overview of the financial systems, takes stock of the reform effort and highlights the challenges ahead, and examines the prospects for financial integration in the five Maghreb countries.

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Year of publication:	2007-05-01
Authors:	Sole, Juan ; Sensenbrenner, Gabriel ; Tahari, Amor ; Vrijer, J. E. J. De ; Moretti, Marina ; Brenner, Patricia D ; Semlali, A. Senhadji
Institutions:	International Monetary Fund (IMF)
Subject:	Financial systems \| Economic reforms \| banking \| financial sector \| foreign exchange \| financial markets \| financial system \| financial services \| banking system \| banking law \| banking supervision \| international standards \| stock exchange \| bond \| financial intermediation \| macroeconomic stability \| equity markets \| financial stability \| financial intermediaries \| banking sector \| financial institutions \| financial contracts \| banking systems \| financial market \| money market \| money markets \| prudential regulation \| bank entry \| bond markets \| bonds \| flexible exchange rate \| consolidated supervision \| stock market \| foreign exchange market \| connected lending \| bank board \| hedge \| borrowing cost \| interbank market \| reserve requirements \| domestic financial systems \| financial resources \| portfolio investment \| international financial markets \| bank supervision \| bank law \| bank balance sheets \| automated clearing house \| banking activities \| accounting framework \| bank risk \| financial instability \| bank soundness \| equity market \| financial backup facilities \| level playing field \| domestic financial markets \| domestic bond \| bank privatization \| loan classification \| government bond \| government bonds \| local bond markets \| bank for international settlements \| investment bank \| interbank money markets \| local bond \| banking operations \| international finance \| international finance corporation \| check processing \| clearing house \| financial statements \| bank deposits \| private bank \| stock markets \| government bond markets \| developing government bond markets \| internal audit \| interbank money market \| bank borrowing \| bank governor \| bank credits \| bank margins \| macroeconomic stabilization \| equity capital \| derivative markets \| bond offering \| bank market \| bank governance \| banking sector assets \| financial instruments \| settlement risk \| clearinghouse \| hedging instruments \| domestic bonds \| bank governors \| bank managers \| excess liquidity \| flexible exchange rates \| banking practices \| interest rate controls \| bank charter \| financial policies \| bank debt \| hedging \| bank laws \| bond market \| bank loans \| denominated bonds \| stock exchanges \| credit risk management \| large public enterprises \| banking regulations \| bank liquidity \| international banks \| bank acts \| savings scheme \| bank privatizations \| financial market development \| mortgage lending \| money market instruments \| banking reform \| bank services \| bank credit \| domestic financial system \| bank officers \| bank capital \| banking services \| moral hazard \| bank mergers \| corporate bond \| monetary authority \| bank dividends \| derivative \| bond financing \| banking regulation \| bank licensing \| restrictions on capital account transactions \| corporate bonds \| financial regulation \| stock corporations \| banking industry \| direct financing \| bank ownership \| interest rate policy \| automated teller \| state bank \| bank performance \| banking assets \| loan concentration \| accounting treatment \| developing government bond

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 07/125 5 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005825882