مجلة رؤى اقتصادية
Volume 6, Numéro 2, Pages 511-528
2016-12-30

Développement Des Systèmes Financiers Quelle Réalité Pour Les Pays De La Zone Mena

Auteurs : Yasmina Ghanem . Mohamed Achouche .

Résumé

In this article, we looked at the reality of the development of the MENA financial sectors. Through an analysis by indicators followed by construction of a composite index of financial development, our results show large disparities in the financial systems of these countries. The construction of a composite index of financial development (IDF1or IDF2) for the 21 MENA countries allowed us to highlight major differences between financial development levels and reveals a great dissimilarity between these countries. It turns out that the non-oil countries have more developed financial systems (Lebanon, Malta, Israel, Jordan), while the oil exporting countries have the most underdeveloped financial systems in the region (Iraq, Libya, Yemen, Algeria).

Mots clés

Financial development, composite index, PCA, MENA. JEL Code: E44, G21, C43