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Inflation Control and Banking Systems: The Case of Tunisia

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  • Moussa, H.

Abstract

Tunisia is a developing country with embryonic bank regulations. Moving to a full-fledged inflation-control monetary policy requires market-determined interest rates and withdrawing the policy of implicit deposit insurance. This shift might destabilize economic activity. This need not be the case. Tunisia does not have institutions for appropriate banking regulations and transparent monetary policy, but it has some well-performing banks. Using panel data on Tunisian and Turkish banks, I show that banks with low profit rates have poorer management. Thus, the creation of appropriate institutions and laws would force delinquent banks to improve their governance.

Suggested Citation

  • Moussa, H., 2008. "Inflation Control and Banking Systems: The Case of Tunisia," The Journal of Economic Asymmetries, Elsevier, vol. 5(2), pages 53-71.
    • Handle: RePEc:eee:joecas:v:5:y:2008:i:2:p:53-71
    DOI: 10.1016/j.jeca.2008.02.004
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    References listed on IDEAS

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    1. Goodhart, Charles & Schoenmaker, Dirk, 1995. "Should the Functions of Monetary Policy and Banking Supervision Be Separated?," Oxford Economic Papers, Oxford University Press, vol. 47(4), pages 539-560, October.
    2. Giannetti, Mariassunta, 2007. "Financial liberalization and banking crises: The role of capital inflows and lack of transparency," Journal of Financial Intermediation, Elsevier, vol. 16(1), pages 32-63, January.
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    More about this item

    Keywords

    E31; E58; Inflation; Banking; Tunisia;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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