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L'Impact de la politique monétaire sur la défaillance bancaire dans les pays en développement: le cas d'Haïti

Abstract : Experience has shown that bank failure has adverse effects on the economy. It is therefore necessary to identify factors that explain bank failure, in order to prevent it. One of the macroeconomic factors of bank failure is the growth of interest rates. However, when a central bank applies a tightening monetary policy, the interest rates increases. In low-income countries, the sale of treasury bills by the central bank is an alternative source of profit for banks. If the banks become efficient to maximize their profits, in these countries, because of a tightening monetary policy, does that mean that this policy reduces bank failure despite the increasing of interest rates? Regarding the case of Haiti, this thesis shows that although a tightening monetary policy increases the index of bank failure of those that are efficient to maximize their profits as well as those that are inefficient banks, the impact is greater on those that are inefficient. The implication of the results of this thesis for developing countries is that the central banks, when planning their monetary policy should take into account the adverse effect of a tightening monetary policy on profit efficiency and on the level of failure of the banks. One of the main contributions of this thesis to the literature is that it shows that beyond the bank balance sheet, monetary policy also affects the efficiency and the level of bank failure.
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https://theses.hal.science/tel-00743438
Contributor : Raulin Lincifort Cadet Connect in order to contact the contributor
Submitted on : Friday, October 19, 2012 - 2:18:09 AM
Last modification on : Tuesday, October 19, 2021 - 11:34:03 PM
Long-term archiving on: : Sunday, January 20, 2013 - 3:37:54 AM

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  • HAL Id : tel-00743438, version 1

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Raulin Lincifort Cadet. L'Impact de la politique monétaire sur la défaillance bancaire dans les pays en développement: le cas d'Haïti. Economies et finances. Université Rennes 1, 2009. Français. ⟨NNT : ⟩. ⟨tel-00743438⟩

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