This paper deals with an important aspect of Tunisian economic and political decisions related to the opportunity for currency convertibility. Tunisia has established its current currency convertibility and has taken steps to achieve full convertibility of the dinar by gradually removing capital...

Tunisia makes 70% of its trade with euro zone. So, pegging to euro seems to be a suitable exchange rate policy. Giving that its external debt is denominated at the rate of 45% in US dollar, 30% in euros and 10% in Japanese yen, this policy may be painful if the dollar appreciates, because debt...

Tunisia has experienced a performance when pursuing a constant real exchange rate rule. The limitations of this rule are beginning to emerge in the context of a more open economy, which desire to relax capital controls. This paper estimates the equilibrium real exchange rate of the dinar vis...