Evaluation du degré d’indépendance de la Banque Centrale de Tunisie

Independence degree of Tunisian central bank

Mhamdi Ghrissi ()

MPRA Paper from University Library of Munich, Germany

Abstract: The search for the credibility of monetary policies during the recent decades this is materialized , among other things, changes in the laws that govern the activities of the Central Bank, supposed main guarantor of the proper conduct of monetary policy. These changes are aimed , essentially the establishment of an independent Central Bank power policy. This need stems from the fear that the opportunism of the rulers conducted before the election periods , to use discretion to monetary weapon to increase their chances of re-election, but without taking account the adverse effects of such a policy on price stability above all in developing countries . In this article and in the same path as that followed by Cukierman , Webb and Neyapti (1992) and Jacome (2001) the objective is to assess the degree of independence of the Central Bank of Tunisia .

Keywords: Indépendance de la Banque Centrale; Inflation (search for similar items in EconPapers)
JEL-codes: E5 E52 E58 (search for similar items in EconPapers)
Date: 2009-04-14
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Evaluation du degré d'indépendance de la Banque Centrale de Tunisie (2009)
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