La place des banques dans le financement de l'économie tunisienne

[eng] Role of banks in financing Tunisian economy . This paper deals with the composition of external financings in Tunisia and its evolution during a period (1983-2005) of deep financial reforms. Using financial national accounts, we compute several financing ratios which allow us to assess the share of domestic banks in the financing of non-financial agents. According to our results, the share of loans offered by domestic banks does not exceed 19% of financings of the all non-financial agents (vs. 13% of the external financings of firms). The Tunisian financial system is still in a « bankarization » process. Our results provide evidence for the lack of impact of financial reforms which do not seem to have allowed the take-off of financings by claims. In a few words, Tunisian financial system is neither a bank-based system nor a market-based system. . JEL Classification : G10, G21, O16, O55 [fre] Cet article analyse la structure des financements externes en Tunisie et son evolution entre 1983 et 2005, periode au cours de laquelle ont ete conduites les principales reformes du secteur bancaire et financier. A partir des donnees financieres de la comptabilite nationale tunisienne, les auteurs calculent un ensemble de ratios de financement qui leur permettent d’evaluer la part des banques dans le financement des agents non financiers. Les resultats permettent d’etablir que cette part a progresse au cours de la periode mais qu’elle reste faible. Le systeme financier tunisien est encore en phase de bancarisation. Ils montrent aussi, a partir de ces ratios, que les reformes financieres n’ont pas non plus permis le developpement des financements de marche. Le systeme financier tunisien n’est donc ni oriente banque, ni oriente marche. . Classification JEL : G10, G21, O16, O55 (This abstract was borrowed from another version of this item.)