{"id":4098,"date":"2013-12-13T10:46:48","date_gmt":"2013-12-13T09:46:48","guid":{"rendered":"https:\/\/www.femise.org\/non-classe\/by-sami-mouley-universite-de-tunis-tunisia-rafik-baccouche-universite-de-tunis-el-manar-tunisia\/"},"modified":"2014-02-28T12:17:38","modified_gmt":"2014-02-28T11:17:38","slug":"lib%c3%a9ralisation-du-compte-de-capital-et-cadres-de-gestion-macro%c3%a9conomique-compar%c3%a9s-indicateurs-de-mesure-et-implications-sectorielles-et-de-politique-mon%c3%a9taire-en-tunisie","status":"publish","type":"post","link":"https:\/\/www.femise.org\/en\/studies-and-research\/transition-economic-reform-and-the-role-of-the-state\/lib%c3%a9ralisation-du-compte-de-capital-et-cadres-de-gestion-macro%c3%a9conomique-compar%c3%a9s-indicateurs-de-mesure-et-implications-sectorielles-et-de-politique-mon%c3%a9taire-en-tunisie\/","title":{"rendered":"Lib\u00e9ralisation du compte de capital et cadres de gestion macro\u00e9conomique compar\u00e9s: Indicateurs de mesure et implications sectorielles et de politique mon\u00e9taire en Tunisie"},"content":{"rendered":"<p>South-mediterranean countries run towards commercial and capital account liberalization. Especially, the relative strength of the Tunisian economy face to the recent crisis seems to bear the current strategy followed by authorities. Further, the identification of priorities and the sequencing of reforms (both in terms of change controls loosening and \u2013 its corollary \u2013 full convertibility) are pivotal for the process\u2019 progress, that is, to get international attractiveness, international financial markets access, and risks diversification\u2019 scope, without banking turmoil or currency crisis. Even though no consensus arises, theoretical and empirical literature first allows identifying the common principles for the Tunisian macroeconomic guidance, and then permits to resolve measure problems that can distort simulations\u2019 results (or their reading). We then test the strengthness of the economy face to new financial liberalization measures, in a monetary way and in a real way (sectorial disaggregation). Beyond the need for implementing reforms, we demonstrate that the macroeconomic situation yet permits to loosen capital account restrictions. More accurately, such changes should first concern the tradable goods sector (namely manufacturing, competitive at a global scale and powerful for employment at a domestic scale) and the services sector (likely to draw many foreign direct investments, as transports and telecommunications).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South-mediterranean countries run towards commercial and capital account liberalization. Especially, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[37],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/posts\/4098"}],"collection":[{"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/comments?post=4098"}],"version-history":[{"count":3,"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/posts\/4098\/revisions"}],"predecessor-version":[{"id":5924,"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/posts\/4098\/revisions\/5924"}],"wp:attachment":[{"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/media?parent=4098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/categories?post=4098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.femise.org\/en\/wp-json\/wp\/v2\/tags?post=4098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}