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Financial Liberalization And Efficiency In Tunisian Banking Industry: Dea Test

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  • WADE D. COOK

    (Schulich School of Business, York University, 4700 Keele Street, Toronto, ON, M3J1P3, Canada)

  • MOEZ HABABOU

    (Schulich School of Business, York University, 4700 Keele Street, Toronto, ON, M3J1P3, Canada)

  • LIANG LIANG

    (School of Business, University of Science and Technology of China, He Fei, An Hui 230026, P. R. China)

Abstract

IMF policies have been widely criticized in the aftermath of the Asian crisis. Key critics questioned the appropriateness and the sequencing of financial liberalization programs which, along with insufficient monitoring and inadequate prudential regulations, left the financial sectors of the affected countries highly leveraged and exposed. This paper examines the impacts of similar reforms on the efficiency of the banking system in Tunisia, a country whose economy has been reshaped by the IMF/World Bank prescribed economic adjustment plans since 1987. Using various DEA models and panel data covering the period 1992–1997, we evaluate the individual effects of each component of the reforms on the banking industry overall.Meanwhile, we compare the effects on banks because of the different ownership structures over time. We also pay particular attention to specific factors that have kept the financial sector in Tunisia relatively stable in the midst of the global market turmoil caused by the Asian crisis.

Suggested Citation

  • Wade D. Cook & Moez Hababou & Liang Liang, 2005. "Financial Liberalization And Efficiency In Tunisian Banking Industry: Dea Test," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 4(03), pages 455-475.
    • Handle: RePEc:wsi:ijitdm:v:04:y:2005:i:03:n:s0219622005001684
    DOI: 10.1142/S0219622005001684
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    References listed on IDEAS

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    1. Mr. Abdelali Jbili, 1997. "Financial Sector Reforms in Algeria, Morocco, and Tunisia: A Preliminary Assessment," IMF Working Papers 1997/081, International Monetary Fund.
    2. Demirguc-Kunt, Asli & Detragiache, Enrica, 1997. "The determinants of banking crises : evidence from industrial and developing countries," Policy Research Working Paper Series 1828, The World Bank.
    3. Edward J. Kane, 1998. "Capital Movements, Asset Values, and Banking Policy in Globalized Markets," NBER Working Papers 6633, National Bureau of Economic Research, Inc.
    4. Asli Demirgüç-Kunt & Ms. Enrica Detragiache, 1997. "The Determinants of Banking Crises: Evidence From Developing and Developed Countries," IMF Working Papers 1997/106, International Monetary Fund.
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    Cited by:

    1. ABEDALFATTAH Zuhair Al-Abedallat & FARIS Nasif AL- Shubiri, 2013. "Analysis The Determinants Of Credit Risk In Jordanian Banking: An Empirical Study," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 5(3), pages 21-31, September.

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