L’article développe une méthode basée sur les théories de l’agrégation monétaire et des indices pour estimer la part relative et effective des institutions de microfinance (IMF) et du secteur bancaire. La méthode est appliquée aux pays de l’UEMOA sur la période 1993-2008. Les résultats suggèrent une forte progression de la part relative des IMF au Bénin, au Burkina Faso et au Togo, alors qu’elle est modérée dans les autres pays. Stigmatisant l’échec des politiques de libéralisation financière qui visent une unification financière, ces résultats remettent en débat l’importance des IMF dans l’architecture financière des pays de l’UEMOA avec des implications de politique financière certaines.

Découvrir la revue Citer cet article Babatoundé, A. (2015 gives some explanation of the financial liberalization policies failures in less developed countries. Moreover, the model enables us to establish inverse relation between decentralized deposits supply and interest rate in the money market.

This paper examines the dynamics of the financial system including banks and Decentralized Financial Systems (DFS) in Benin. While the reforms have produced the expected effect in terms of financial depth, compared to other developing countries, financial deepening is still weak-despite a remarkable contribution of DFS-with respect to the economy's mediumand long-term production or growth objectives. The result is an expansion of financial dualism with the financial micro intermediationdevelopment. Is the consequent financial architecture efficient in providing appropriate solutions to the economy's financing constraints? Concentration and competition are evaluated according to different indicators: the market shares of the first banks, the Lerner index and the H-statistics indicate a concentration structure with a low level of competition. If this has improved since 2010, they call for an analysis of the efficiency of the banking market in Benin. We apply then the Panzar and Rosse methodologyto account for technical inefficiencies in the banking system as a whole. The results confirm the absence of an explicit relationship between competition and efficiency; they also recommend a better organization of the Benin's financial system to meet the requirements of financial stability, economy financing, and financial inclusion.

No abstract