{"id":186117,"date":"2026-05-13T17:15:00","date_gmt":"2026-05-13T21:15:00","guid":{"rendered":"https:\/\/linitiative.ca\/International\/back-to-basics-le-diviseur-monetaire\/"},"modified":"2026-05-13T17:15:00","modified_gmt":"2026-05-13T21:15:00","slug":"back-to-basics-le-diviseur-monetaire","status":"publish","type":"post","link":"https:\/\/linitiative.ca\/International\/back-to-basics-le-diviseur-monetaire\/","title":{"rendered":"Back to basics : Le diviseur mon\u00e9taire"},"content":{"rendered":"<div class=\"post-cont-out\">\n<div class=\"post-cont-in no-margin\">\n<div id=\"content-main\" class=\"left relative\">\n<div class=\"liveblog-section\">\n<div id=\"elb-liveblog\" class=\"elb-liveblog elb-theme-light\" data-append-timestamp=\"1\" data-status=\"open\" data-highlighted-entry=\"\" data-show-entries=\"25\" data-endpoint=\"https:\/\/www.tunisienumerique.com\/wp-json\/easy-liveblogs\/v1\/liveblog\/1114039\">\n<div class=\"elb-liveblog-closed-message\">Le blog en direct est termin\u00e9.<\/div>\n<p><button id=\"elb-show-new-posts\" class=\"elb-button button\"\/><\/p>\n<div class=\"elb-no-liveblog-entries-message\">Aucune mise \u00e0 jour du blog en direct pour le moment.<\/div>\n<p><button id=\"elb-load-more\" class=\"elb-button button\">Charger plus<\/button><\/div>\n<\/div>\n<div class=\"simplesocialbuttons simplesocial-round-btm-border simplesocialbuttons_inline simplesocialbuttons-align-left post-1114039 post simplesocialbuttons-inline-no-animation\"><button class=\"simplesocial-fb-share\" rel=\"nofollow\" target=\"_blank\" aria-label=\"Facebook Share\" data-href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\" onclick=\"javascript:window.open(this.dataset.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\"><span class=\"simplesocialtxt\">Facebook<\/span><\/button> <button class=\"simplesocial-twt-share\" rel=\"nofollow\" target=\"_blank\" aria-label=\"Twitter Share\" data-href=\"https:\/\/twitter.com\/intent\/tweet?text=Back+to+basics+%3A+Le+diviseur+mon%C3%A9taire&amp;url=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\" onclick=\"javascript:window.open(this.dataset.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\"><span class=\"simplesocialtxt\">Twitter<\/span><\/button> <button rel=\"nofollow\" target=\"_blank\" class=\"simplesocial-linkedin-share\" aria-label=\"LinkedIn Share\" data-href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\" onclick=\"javascript:window.open(this.dataset.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\"><span class=\"simplesocialtxt\">LinkedIn<\/span><\/button> <button onclick=\"javascript:window.open(this.dataset.href, '_blank' );return false;\" class=\"simplesocial-whatsapp-share\" rel=\"nofollow\" target=\"_blank\" aria-label=\"WhatsApp Share\" data-href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\"><span class=\"simplesocialtxt\">WhatsApp<\/span><\/button><\/p>\n<\/div>\n<p><button class=\"simplefavorite-button\" data-postid=\"1114039\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\"> Lire plus tard<\/button><\/p>\n<p>La circulation de la monnaie ne repose pas uniquement sur les d\u00e9cisions des banques centrales.<\/p>\n<p>Entre la monnaie \u00e9mise et celle effectivement disponible sous forme de cr\u00e9dits ou de d\u00e9p\u00f4ts, plusieurs m\u00e9canismes viennent encadrer et limiter le processus de cr\u00e9ation mon\u00e9taire. Le syst\u00e8me bancaire fonctionne ainsi selon des r\u00e8gles qui influencent directement la quantit\u00e9 de monnaie pouvant circuler dans l\u2019\u00e9conomie. C\u2019est dans ce cadre qu\u2019intervient la notion de diviseur mon\u00e9taire.<\/p>\n<p><strong>Un m\u00e9canisme li\u00e9 aux r\u00e9serves bancaires<\/strong><\/p>\n<p>Le diviseur mon\u00e9taire d\u00e9signe le rapport entre la base mon\u00e9taire cr\u00e9\u00e9e par la banque centrale et la quantit\u00e9 totale de monnaie en circulation dans l\u2019\u00e9conomie. Il traduit l\u2019id\u00e9e que les banques commerciales ne peuvent pas pr\u00eater l\u2019int\u00e9gralit\u00e9 des fonds qu\u2019elles d\u00e9tiennent, car elles doivent conserver une partie sous forme de r\u00e9serves.<\/p>\n<p>Ces r\u00e9serves, obligatoires ou volontaires, servent notamment \u00e0 garantir la stabilit\u00e9 du syst\u00e8me bancaire et \u00e0 r\u00e9pondre aux retraits des d\u00e9posants. Plus la proportion de r\u00e9serves conserv\u00e9es est \u00e9lev\u00e9e, plus la capacit\u00e9 des banques \u00e0 accorder des cr\u00e9dits est limit\u00e9e, ce qui r\u00e9duit la cr\u00e9ation mon\u00e9taire.<\/p>\n<p><strong>L\u2019effet inverse du multiplicateur mon\u00e9taire<\/strong><\/p>\n<p>Le diviseur mon\u00e9taire est souvent pr\u00e9sent\u00e9 comme l\u2019inverse du multiplicateur mon\u00e9taire. Alors que le multiplicateur met l\u2019accent sur l\u2019expansion potentielle de la monnaie \u00e0 partir des r\u00e9serves bancaires, le diviseur souligne les limites de ce processus.<\/p>\n<p>Ce concept permet ainsi de mieux comprendre comment les politiques mon\u00e9taires influencent la quantit\u00e9 de monnaie disponible dans l\u2019\u00e9conomie. En modifiant les conditions de refinancement ou les exigences de r\u00e9serves, la banque centrale peut agir indirectement sur la cr\u00e9ation mon\u00e9taire et le volume du cr\u00e9dit.<\/p>\n<p>Le diviseur mon\u00e9taire rappelle que la cr\u00e9ation de monnaie n\u2019est jamais illimit\u00e9e et qu\u2019elle d\u00e9pend d\u2019un ensemble de m\u00e9canismes de r\u00e9gulation destin\u00e9s \u00e0 pr\u00e9server la stabilit\u00e9 financi\u00e8re. Il met en \u00e9vidence le r\u00f4le central des comportements bancaires, des exigences prudentielles et des d\u00e9cisions de politique mon\u00e9taire dans la circulation du cr\u00e9dit. \u00c0 travers cette notion, l\u2019\u00e9conomie montre que le fonctionnement mon\u00e9taire repose autant sur des capacit\u00e9s de cr\u00e9ation que sur des m\u00e9canismes de contr\u00f4le et d\u2019\u00e9quilibre.<\/p>\n<div class=\"simplesocialbuttons simplesocial-round-btm-border simplesocialbuttons_inline simplesocialbuttons-align-left post-1114039 post simplesocialbuttons-inline-no-animation\"><button class=\"simplesocial-fb-share\" rel=\"nofollow\" target=\"_blank\" aria-label=\"Facebook Share\" data-href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\" onclick=\"javascript:window.open(this.dataset.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\"><span class=\"simplesocialtxt\">Facebook<\/span><\/button> <button class=\"simplesocial-twt-share\" rel=\"nofollow\" target=\"_blank\" aria-label=\"Twitter Share\" data-href=\"https:\/\/twitter.com\/intent\/tweet?text=Back+to+basics+%3A+Le+diviseur+mon%C3%A9taire&amp;url=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\" onclick=\"javascript:window.open(this.dataset.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\"><span class=\"simplesocialtxt\">Twitter<\/span><\/button> <button rel=\"nofollow\" target=\"_blank\" class=\"simplesocial-linkedin-share\" aria-label=\"LinkedIn Share\" data-href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\" onclick=\"javascript:window.open(this.dataset.href, '', 'menubar=no,toolbar=no,resizable=yes,scrollbars=yes,height=600,width=600');return false;\"><span class=\"simplesocialtxt\">LinkedIn<\/span><\/button> <button onclick=\"javascript:window.open(this.dataset.href, '_blank' );return false;\" class=\"simplesocial-whatsapp-share\" rel=\"nofollow\" target=\"_blank\" aria-label=\"WhatsApp Share\" data-href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\"><span class=\"simplesocialtxt\">WhatsApp<\/span><\/button><\/p>\n<\/div>\n<p><strong>Que se passe-t-il en Tunisie?<\/strong><br \/>Nous expliquons sur notre <a href=\"https:\/\/www.youtube.com\/channel\/UCRzypVq0B_yBad5eGrwBx0Q?sub_confirmation=1\" target=\"_blank\">cha\u00eene YouTube<\/a> . <a href=\"https:\/\/www.youtube.com\/channel\/UCRzypVq0B_yBad5eGrwBx0Q?sub_confirmation=1\" target=\"_blank\">Abonnez-vous!<\/a><\/p>\n<div class=\"mvp-org-wrap\" itemprop=\"publisher\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Organization\">\n<div class=\"mvp-org-logo\" itemprop=\"logo\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\">\n<p><img loading=\"lazy\" decoding=\"async\" width=\"290\" height=\"78\" src=\"https:\/\/www.tunisienumerique.com\/wp-content\/uploads\/2024\/03\/Logo-Tn1-1-3.png\"\/><\/p>\n<p><meta itemprop=\"url\" content=\"https:\/\/www.tunisienumerique.com\/wp-content\/uploads\/2024\/03\/Logo-Tn1-1-3.png\"\/><\/div>\n<p><meta itemprop=\"name\" content=\"Tunisie numerique\"\/><\/div>\n<div class=\"mvp-related-posts left relative\">\n<h4 class=\"post-header\"><span class=\"post-header\">LIRE AUSSI<\/span><\/h4>\n<\/div>\n<div id=\"article-ad\">\n  <ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-2102118777505746\" data-ad-slot=\"6168283410\" data-ad-format=\"auto\" data-full-width-responsive=\"true\"\/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Auteur: Mohamed Ben Abderrazek<br \/>\n<a href=\"https:\/\/www.tunisienumerique.com\/back-to-basics-le-diviseur-monetaire\/\">Cliquez ici pour lire l&rsquo;article depuis sa source.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Le blog en direct est termin\u00e9. Aucune mise \u00e0 jour du blog en direct pour le moment. Charger plus Facebook Twitter LinkedIn WhatsApp Lire plus tard La circulation de la monnaie ne repose pas uniquement sur les d\u00e9cisions des banques centrales. Entre la monnaie \u00e9mise et celle effectivement disponible sous forme de cr\u00e9dits ou de [&hellip;]<\/p>\n","protected":false},"author":1789,"featured_media":186118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.tunisienumerique.com\/wp-content\/uploads\/2026\/02\/Statistiques-tn.webp","fifu_image_alt":"Back to basics : Le diviseur mon\u00e9taire","footnotes":""},"categories":[73,55],"tags":[],"class_list":["post-186117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite","category-tunisie"],"_links":{"self":[{"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/posts\/186117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/users\/1789"}],"replies":[{"embeddable":true,"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/comments?post=186117"}],"version-history":[{"count":0,"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/posts\/186117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/media\/186118"}],"wp:attachment":[{"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/media?parent=186117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/categories?post=186117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/linitiative.ca\/International\/wp-json\/wp\/v2\/tags?post=186117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}