Moumni, Nicolas; Nahhal, Benaissa - In: International Journal of Economics and Financial Issues 4 (2014) 4, pp. 801-818
In the context of international financial crisis, this paper aims to analyze the impact of the liquidity level on the monetary policy transmission effectiveness of the Moroccan Central Bank (Bank Al Maghrib, BAM). After a long period of liquidity excess, the Moroccan banking system through,...
