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

mhamdi, ghrissi (2009): Evaluation du degré d’indépendance de la Banque Centrale de Tunisie.

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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 .

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