IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpif/0505014.html
   My bibliography  Save this paper

Capital account liberalization and exchange rate regime choice, what scope for flexibility in tunisia ?

Author

Listed:
  • Ben Ali Mohamed Sami

    (CADRE, Université de Lille, France)

Abstract

The monetary crises of the Nineties which shook the capital market of several countries highlight the incompatibility of the intermediary exchange rate regimes with the high volatility of international capital account mobility induced by the financial globalisation. Certain economists suggested that a greater flexibility would be necessary to prevent the speculative attacks. Others on the contrary, assert the merits of the rigid fixed exchange regimes. The adoption by Tunisia of structural reform of its economy in a context of gradual opening since 1986 had allowed in January 1993 the instauration of the convertibility of its current account. The total convertibility of the Tunisian dinar which is already at an advanced stage remains a top priority in the immediate future like finality of a more close integration and opening of the Tunisian economy to the world economy. So the total liberalization of the exchange in Tunisia poses the problematic of the prospective choice of its exchange rate regime. We analyze within the framework of this research, the various alternatives which could prove to be optimal. The option of the flexibility is particularly considered.

Suggested Citation

  • Ben Ali Mohamed Sami, 2005. "Capital account liberalization and exchange rate regime choice, what scope for flexibility in tunisia ?," International Finance 0505014, EconWPA.
  • Handle: RePEc:wpa:wuwpif:0505014
    Note: Type of Document - doc.
    as

    Download full text from publisher

    File URL: http://econwpa.repec.org/eps/if/papers/0505/0505014.pdf
    Download Restriction: no

    File URL: http://econwpa.repec.org/eps/if/papers/0505/0505014.ps.gz
    Download Restriction: no

    File URL: http://econwpa.repec.org/eps/if/papers/0505/0505014.doc.gz
    Download Restriction: no

    Other versions of this item:

    More about this item

    Keywords

    Exchange rate regimes; Tunisia.;

    JEL classification:

    • F3 - International Economics - - International Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpif:0505014. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA). General contact details of provider: http://econwpa.repec.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.