Tunisia
Research Article
Monetary Policy and Financial Stability: Empirical Evidence from South
Mediterranean Countries
Author(s): Ouhibi S and Hammami SOuhibi S and Hammami S
This article examines the relationship between monetary policy and financial stability, in the experience of six south Mediterranean countries (Tunisia, Morocco, Egypt, Lebanon, Jordan and Turkey) over the period 2006M1- 2013M12. This research analyzes the monetary policy contribution to financial stability using a structural vector Auto-regressive model. Our empirical results show that the short term interest rates is affect the selected asset prices depends on the strategy of the monetary policy. For countries that adopt a flexible exchange rate regime such as Tunisia, Morocco, Egypt and Turkey, the interest rate is conducive to .. Read More»