SOLVABILITE BANCAIRE AU MAROC FACE AUX CRISES FINANCIERES : UNE APPROCHE EMPIRIQUE EN DONNEES DE PANEL

Abstract

Faced with a world in perpetual economic turbulence and a global economy in recession since the end of 2022, several factors such as the inflationary crisis, the oil crisis resulting from the Russo-Ukrainian war, the post-Covid-19 recovery, and the consequences of climate change raise the crucial question of the relationship between financial crises and bank solvency. This study examines the resilience of the Moroccan banking system to financial crises, particularly after the collapse of Silicon Valley Bank in March 2023, which revived fears of a global financial crisis. Using econometric modeling of panel data from five Moroccan banks over an eleven-year period, the study reveals a remarkable resilience of the Moroccan banking system. The results indicate that financial crises do not have a significant impact on the solvency of Moroccan banks, unlike in other international contexts. This resilience is attributed to prudent monetary policy management, sustained economic growth, income diversification, and appropriate regulation. The study highlights the importance of sound economic policies in strengthening Moroccan financial institutions, but also the need to be vigilant in the face of global fluctuations. Moreover, the lessons learned from this resilience are significant not only for Morocco, but also for other developing economies.