Resilience and growth through sustained adjustment: the Moroccan experience
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Washington, DC
Internat. Monetary Fund
1995
|
| Series: | Occasional paper / International Monetary Fund
117 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VII, 147 S. graph. Darst. |
| ISBN: | 1557754225 |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV010127441 | ||
| 003 | DE-604 | ||
| 005 | 20010814 | ||
| 007 | t | ||
| 008 | 950405s1995 d||| |||| 00||| eng d | ||
| 020 | |a 1557754225 |9 1-55775-422-5 | ||
| 035 | |a (OCoLC)31659172 | ||
| 035 | |a (DE-599)BVBBV010127441 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-739 |a DE-20 |a DE-473 |a DE-703 |a DE-N2 |a DE-188 |a DE-11 | ||
| 050 | 0 | |a HC810 | |
| 050 | 0 | |a HG230.3 | |
| 082 | 0 | |a 338.964 |2 20 | |
| 084 | |a QG 730 |0 (DE-625)141515: |2 rvk | ||
| 084 | |a QM 333 |0 (DE-625)141780: |2 rvk | ||
| 245 | 1 | 0 | |a Resilience and growth through sustained adjustment |b the Moroccan experience |c Saleh M. Nsouli, ... |
| 264 | 1 | |a Washington, DC |b Internat. Monetary Fund |c 1995 | |
| 300 | |a VII, 147 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Occasional paper / International Monetary Fund |v 117 | |
| 650 | 7 | |a Duurzaamheid |2 gtt | |
| 650 | 7 | |a Economische politiek |2 gtt | |
| 650 | 7 | |a Economische stabiliteit |2 gtt | |
| 650 | 4 | |a Estabilización económica - Marruecos | |
| 650 | 4 | |a Politique industrielle - Maroc | |
| 650 | 4 | |a Stabilisation économique - Maroc | |
| 650 | 4 | |a Wirtschaftspolitik | |
| 650 | 4 | |a Economic stabilization |z Morocco | |
| 650 | 4 | |a Industrial policy |z Morocco | |
| 650 | 0 | 7 | |a Wirtschaftspolitik |0 (DE-588)4066493-4 |2 gnd |9 rswk-swf |
| 651 | 4 | |a Maroc - Politique économique | |
| 651 | 4 | |a Marruecos - Política industrial | |
| 651 | 4 | |a Morocco |x Economic policy | |
| 651 | 7 | |a Marokko |0 (DE-588)4037680-1 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Marokko |0 (DE-588)4037680-1 |D g |
| 689 | 0 | 1 | |a Wirtschaftspolitik |0 (DE-588)4066493-4 |D s |
| 689 | 0 | |5 DE-604 | |
| 700 | 1 | |a Nsouli, Saleh M. |e Sonstige |4 oth | |
| 810 | 2 | |a International Monetary Fund |t Occasional paper |v 117 |w (DE-604)BV002597241 |9 117 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006725306&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-006725306 | ||
Record in the Search Index
| _version_ | 1804124520878964736 |
|---|---|
| adam_text | Contents
Page
Preface vii
I. Introduction I
II. Economic and Financial Crisis in the Early 1980s 3
III. Adjustment Strategy—An Overview 8
IV. Fiscal Policy 11
Expenditure Issues and Policies 11
Revenue Issues and Policies 14
Tax System 14
Tax Reforms 15
Outcome 16
Expenditure 16
Revenue 16
Fiscal Balance 17
Social Issues and Protection 18
Local Government Finance Issues 19
Outstanding Issues 20
V. Monetary Management and Financial Sector Restructuring 22
Role of Credit Policy 22
Reform of Monetary Policy Instruments and the Financial System 25
Case for Reforms 25
Improving Credit Policy Instruments 25
Reforming the Financial System 26
Increasing Financial Savings 28
Outstanding Issues 29
VI. Liberalization of the Economy 30
Public Enterprises 30
Trade 32
Prices 34
Marketing 34
Investment Codes 35
VII. Move to Convertibility 37
Concept of Convertibility 38
Reduction of Exchange Restrictions 38
Exchange Rate Policy 39
International Liquidity 40
n
VIII. Performance 42
Growth 42
Inflation 46
Balance of Payments 47
External Debt 50
IX. Challenges and Lessons 53
References 56
Tables
Section
II 1. Selected Economic and Financial Indicators 4
III 2. Stand By and Extended Arrangements Approved During 1980 92,
and Related Purchases Under the Compensatory Financing
Facility 9
3. Performance Under Adjustment Programs 10
IV 4. Financial Transactions of the Central Government 12
5. Social Indicators 19
V 6. Monetary Indicators 23
VIII 7. Sectoral Composition of GDP and Growth 43
8. Savings Investment Balance 45
9. Balance of Payments 48
10. Contributions of Changes in Trade Volumes and Terms of Trade to
Changes in the Trade Balance 50
Charts
Section
IV 1. Fiscal Indicators 13
V 2. Interest Rates 22
3. Monetary Aggregates 24
VII 4. Exchange Rate and Price Movements 40
VIII 5. Growth and Inflation 42
6. GDP by Sector 44
7. Savings and Investment 44
8. External Accounts 47
9. Balance of Payments 51
10. Secondary Market Prices for Moroccan Debt 52
Appendix I
Tables
Al. Gross Domestic Product by Sector of Origin 59
A2. Savings Investment Balance 60
A3. Supply and Use of Resources 61
A4. Gross Fixed Capital Formation and Its Components 62
D
A5. Production, Consumption, Imports, and Prices of Main Cereals 63
A6. Official Agricultural Producer Prices 64
A7. Area, Production, and Yield of Cereals 65
A8. Imports of Main Agricultural Products 66
A9. Official Marketing of Principal Homegrown Cereals by ONICL 66
A10. Sugar Industry Developments 67
All. Livestock and Controlled Slaughtering 67
A12. Marine Fisheries 68
A13. Mineral Production and Exports 68
A14. Index of Industrial Production 69
A15. Authorized Industrial Investments 70
A16. Foreign Direct Investment by Sector 71
A17. Energy Production 71
A18. Energy Consumption 72
A19. Retail Prices of Petroleum Products 72
A20. Road Transport 73
A21. Rail Transport 74
A22. Air Transport 75
A23. Maritime Transport 76
A24. Tourist Arrivals by Nationality 77
A25. Consumer Price Index 78
A26. Wholesale Price Index (WPI) 79
A27. Price Index of Industrial Production, Energy, and Mining 80
A28. Evolution of Consumer Subsidies and Retail Prices 81
A29. National Minimum Wages 82
A30. Urban Population by Activity and Profession 83
A31. Increases in Public Utility Tariffs 84
A32. Financial Transactions of the Central Government 85
A33. Central Government Revenue 89
A34. Economic Classification of Central Government Expenditure 90
A35. Functional Classification of Central Government Current Expenditure 91
A36. Functional Classification of Central Government Investment
Expenditure 93
A37. Administrative Classification of Central Government Current
Expenditure 94
A38. Administrative Classification of Central Government Investment
Expenditure 95
A39. Central Government Employment and Wage Indicators 96
A40. Central Government Debt 96
A41. External Debt Service of Central Government 97
A42. Current Subsidies to Public Enterprises 97
A43. Capital Subsidies to Public Enterprises 98
A44. Monetary Survey 99
A45. Monetary Survey, Net Foreign Assets 100
A46. Summary Accounts of Bank Al Maghrib 101
A47. Summary Accounts of the Deposit Money Banks 102
A48. Distribution of Credit to the Private Sector 103
A49. Sectoral Distribution of Bank Credit to the Economy 104
A50. Deposit Interest Rates 105
A51. Money Market Operations 106
A52. Lending Interest Rates 108
A53. Assets and Liabilities of the Specialized Credit Institutions 109
A54. Distribution of Imports by Customs Category and by Import Program
Category 110
A55. Merchandise Exports, f. o. b. Ill
A56. Merchandise Imports 112
A57. Value, Volume, and Unit Value of Selected Exports 113
D
A58. Value, Volume, and Unit Value of Selected Imports 114
A59. Exports by Country of Destination 115
A60. Imports by Country of Origin 116
A61. External Trade with the European Union 117
A62. Exports of Selected Agricultural Products Subject to Restriction in
European Union Countries 118
A63. Import Restrictions on Textile Products into European Union
Countries 118
A64. Balance of Payments 119
A65. Bilateral Nominal and Real Exchange Rates 120
A66. Effective Exchange Rates 121
A67. Stock of External Public Debt 122
A68. Debt Service on Government Guaranteed Medium and Long Term
Debt 123
Appendix II
Summary of the Tax System as of March 1994 124
Appendix III
Money Demand and Inflation 128
Appendix IV
Monetary and Credit Policy Measures Adopted by the Credit and
Financial Market Committee (CCMF), 1989 March 1994 132
Appendix V
Chronology of Key Reforms of Exchange System, 1980 93 136
The following symbols have been used throughout this paper:
... to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item
does not exist;
between years or months (e.g., 1991 92 or January June) to indicate the years or
months covered, including the beginning and ending years or months;
/ between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.
Billion means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term country, as used in this paper, does not in all cases refer to a territorial entity that
is a state as understood by international law and practice; the term also covers some
territorial entities that are not states, but for which statistical data are maintained and
provided internationally on a separate and independent basis.
B
|
| any_adam_object | 1 |
| building | Verbundindex |
| bvnumber | BV010127441 |
| callnumber-first | H - Social Science |
| callnumber-label | HC810 |
| callnumber-raw | HC810 HG230.3 |
| callnumber-search | HC810 HG230.3 |
| callnumber-sort | HC 3810 |
| callnumber-subject | HC - Economic History and Conditions |
| classification_rvk | QG 730 QM 333 |
| ctrlnum | (OCoLC)31659172 (DE-599)BVBBV010127441 |
| dewey-full | 338.964 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.964 |
| dewey-search | 338.964 |
| dewey-sort | 3338.964 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02170nam a2200553 cb4500</leader><controlfield tag="001">BV010127441</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20010814 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">950405s1995 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1557754225</subfield><subfield code="9">1-55775-422-5</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)31659172</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV010127441</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-739</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-11</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HC810</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG230.3</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">338.964</subfield><subfield code="2">20</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QG 730</subfield><subfield code="0">(DE-625)141515:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QM 333</subfield><subfield code="0">(DE-625)141780:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Resilience and growth through sustained adjustment</subfield><subfield code="b">the Moroccan experience</subfield><subfield code="c">Saleh M. Nsouli, ...</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, DC</subfield><subfield code="b">Internat. Monetary Fund</subfield><subfield code="c">1995</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">VII, 147 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Occasional paper / International Monetary Fund</subfield><subfield code="v">117</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Duurzaamheid</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Economische politiek</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Economische stabiliteit</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Estabilización económica - Marruecos</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Politique industrielle - Maroc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Stabilisation économique - Maroc</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaftspolitik</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economic stabilization</subfield><subfield code="z">Morocco</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Industrial policy</subfield><subfield code="z">Morocco</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wirtschaftspolitik</subfield><subfield code="0">(DE-588)4066493-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Maroc - Politique économique</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Marruecos - Política industrial</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Morocco</subfield><subfield code="x">Economic policy</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Marokko</subfield><subfield code="0">(DE-588)4037680-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Marokko</subfield><subfield code="0">(DE-588)4037680-1</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Wirtschaftspolitik</subfield><subfield code="0">(DE-588)4066493-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Nsouli, Saleh M.</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="t">Occasional paper</subfield><subfield code="v">117</subfield><subfield code="w">(DE-604)BV002597241</subfield><subfield code="9">117</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006725306&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-006725306</subfield></datafield></record></collection> |
| geographic | Maroc - Politique économique Marruecos - Política industrial Morocco Economic policy Marokko (DE-588)4037680-1 gnd |
| geographic_facet | Maroc - Politique économique Marruecos - Política industrial Morocco Economic policy Marokko |
| id | DE-604.BV010127441 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T17:46:59Z |
| institution | BVB |
| isbn | 1557754225 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006725306 |
| oclc_num | 31659172 |
| open_access_boolean | |
| owner | DE-739 DE-20 DE-473 DE-BY-UBG DE-703 DE-N2 DE-188 DE-11 |
| owner_facet | DE-739 DE-20 DE-473 DE-BY-UBG DE-703 DE-N2 DE-188 DE-11 |
| physical | VII, 147 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Internat. Monetary Fund |
| record_format | marc |
| series2 | Occasional paper / International Monetary Fund |
| spelling | Resilience and growth through sustained adjustment the Moroccan experience Saleh M. Nsouli, ... Washington, DC Internat. Monetary Fund 1995 VII, 147 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Occasional paper / International Monetary Fund 117 Duurzaamheid gtt Economische politiek gtt Economische stabiliteit gtt Estabilización económica - Marruecos Politique industrielle - Maroc Stabilisation économique - Maroc Wirtschaftspolitik Economic stabilization Morocco Industrial policy Morocco Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Maroc - Politique économique Marruecos - Política industrial Morocco Economic policy Marokko (DE-588)4037680-1 gnd rswk-swf Marokko (DE-588)4037680-1 g Wirtschaftspolitik (DE-588)4066493-4 s DE-604 Nsouli, Saleh M. Sonstige oth International Monetary Fund Occasional paper 117 (DE-604)BV002597241 117 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006725306&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Resilience and growth through sustained adjustment the Moroccan experience Duurzaamheid gtt Economische politiek gtt Economische stabiliteit gtt Estabilización económica - Marruecos Politique industrielle - Maroc Stabilisation économique - Maroc Wirtschaftspolitik Economic stabilization Morocco Industrial policy Morocco Wirtschaftspolitik (DE-588)4066493-4 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4037680-1 |
| title | Resilience and growth through sustained adjustment the Moroccan experience |
| title_auth | Resilience and growth through sustained adjustment the Moroccan experience |
| title_exact_search | Resilience and growth through sustained adjustment the Moroccan experience |
| title_full | Resilience and growth through sustained adjustment the Moroccan experience Saleh M. Nsouli, ... |
| title_fullStr | Resilience and growth through sustained adjustment the Moroccan experience Saleh M. Nsouli, ... |
| title_full_unstemmed | Resilience and growth through sustained adjustment the Moroccan experience Saleh M. Nsouli, ... |
| title_short | Resilience and growth through sustained adjustment |
| title_sort | resilience and growth through sustained adjustment the moroccan experience |
| title_sub | the Moroccan experience |
| topic | Duurzaamheid gtt Economische politiek gtt Economische stabiliteit gtt Estabilización económica - Marruecos Politique industrielle - Maroc Stabilisation économique - Maroc Wirtschaftspolitik Economic stabilization Morocco Industrial policy Morocco Wirtschaftspolitik (DE-588)4066493-4 gnd |
| topic_facet | Duurzaamheid Economische politiek Economische stabiliteit Estabilización económica - Marruecos Politique industrielle - Maroc Stabilisation économique - Maroc Wirtschaftspolitik Economic stabilization Morocco Industrial policy Morocco Maroc - Politique économique Marruecos - Política industrial Morocco Economic policy Marokko |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006725306&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV002597241 |
| work_keys_str_mv | AT nsoulisalehm resilienceandgrowththroughsustainedadjustmentthemoroccanexperience |