COVID-19, mesures de liquidité et offre de crédit dans l’UEMOA
DOI :
https://doi.org/10.18559/rielf.2024.2.2009Mots-clés :
COVID-19, crédits bancaires, injection de liquidité, UEMOA, BCEAORésumé
Objectif : Cet article vise à analyser l’effet de la pandémie de COVID-19 sur la dynamique de l’offre de crédits bancaires dans les pays de l’UEMOA.
Conception/méthodologie/approche : Sur la base des données de panel mensuelles de la
BCEAO, nous avons fait une analyse en Pooled Means Group (PMG) et vérifié la robustesse
des résultats avec le FMOLS et le DOLS.
Résultats : Des résultats de nos analyses statistiques et économétriques il ressort que la COVID-19 a un effet significativement négatif sur l’offre de crédit bancaire à long terme dans chacun des pays de l’UEMOA. Par ailleurs, l’injection de liquidités effectuée par la BCEAO, associée aux modalités favorables des taux débiteurs et créditeurs, a permis à certaines économies de l’union de faire preuve de résilience face à la crise sanitaire.
Les résultats suggèrent à la BCEAO de maintenir et de renforcer sa politique d’aisance monétaire, compte tenu de la persistance et des multiplicités des vagues de la pandémie. De plus, elle doit garder le cap sur sa politique de ciblage d’inflation qui est très cruciale
pour la stabilité des prix et la croissance des économies de l’UEMOA.
Originalité/valeur : Cet étude utilise les données mensuelles permettant de ressortir les composantes cycliques tout en évaluant les effets de court et de long terme de la pandémie sur la dynamique de l’offre de crédit bancaire dans chaque pays de l’UEMOA.
JEL Classification
Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes (C22)
Insurance • Insurance Companies • Actuarial Studies (G22)
Africa (O55)
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