The subprime financial crisis and the subsequent economic recession had encouraged economists world-wide to consider alternative financial solutions. Attention has been focused on Islamic banking and finance as an alternative model. The purpose of this research paper is to assess empirically the...

In this paper we identify stock market crises in Tunisia since 1992 using the CMAX method. Our empirical evidence shows that the monetary and financial indicators are considered as explanatory factors signalling the occurrence of these crises. The analysis also highlights some mechanisms that...