01678cas a2200253 a 4500 AALejournalIMF005687 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451872019 1018-5941 BD-DhAAL BD-DhAAL Oulidi, Nada. Credit Market in Morocco : A Disequilibrium Approach / Nada Oulidi, Laurence Allain. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this paper we use a disequilibrium framework common in the 'credit crunch' literature, first to examine whether the slow credit growth in Morocco during the rapid expansion of liquidity in the first half of the decade can be attributed to credit rationing, and second to investigate the role of asset price increases in the recent acceleration of credit growth. Our results do not support the credit rationing hypothesis in the first half of the decade. They do however, show that the recent increase in real estate prices stimulated credit supply and demand, with a stronger effect on the latter. Mode of access: Internet Allain, Laurence. IMF Working Papers; Working Paper ; No. 2009/053 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/053/001.2009.issue-053-en.xml IMF e-Library