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• W1724366989 abstract "Morocco began to implement significant financial-sector reforms from the mid-1980s.1 Such reforms were quite fashionable in the developing world during those years and most were part of a wide range of structural adjustment programmes that extended to reforms of the exchange rate and foreign trade system, deregulation and price liberalization, and fiscal consolidation (Chowdhury 2001; Mavrotas and Kelly 2001). Morocco was one of the first Arab countries to embark on financial liberalization and reform. Early reform programmes resulted in significant changes in real interest rates, which were negative during the decades of financial repression in the 1970s and the first half of the 1980s (see Figure 7.1). During the late 1980s, soon after the early reforms had taken place, real interest rates became positive and quite high, reaching 5.80 per cent in 1987 and 6.14 per cent in 1988." @default.
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• W1724366989 date "2008-01-01" @default.
• W1724366989 modified "2023-10-17" @default.
• W1724366989 title "Financial Reform and the Mobilization of Domestic Savings: The Experience of Morocco" @default.
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• W1724366989 doi "https://doi.org/10.1057/9780230594012_7" @default.
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