chockri adnen

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Abstract: This paper aims to investigate the relevance of bank lending channel of monetary policy in Tunisia by using disaggregated bank level data set. To avoid this ambiguity, a panel of annual balance sheet data on 10 Tunisian banks used to test whether lending responses to a change in monetary policy differs, depending on the balance sheet strength of a bank. The empirical evidence has stated that monetary policy shocks is significantly and negatively influenced the banks’ loan supply, and therefore has supported the existence of bank lending channel in Tunisia. In addition, several bank characteristics variables namely capitalization, size and liquidity in the transmission of monetary policy is studied. Size revealed to be an important bank characteristic that affects the way Tunisian banks react to monetary policy changes. 1 Faculté

Abstract: The aim of our work is to identify the necessary conditions for suc- cessful transition to the regime of inflation targeting in the case of Tunisia. In this context, we analyze, first, the theoretical foundations of the policy of infla- tion targeting. Then, we outline the prerequisites for adopting this strategy in a country like Tunisia. Finally, based on SVAR models, we try to evaluate the transmission channels of monetary policy and identify the conditions for suc- cessful adoption of the regime of inflation targeting.

Abstract: In this paper, we consider R&D cooperation and direct foreign investment as a channel of international spillovers by an empirical literature on innovation and growth. First, spillovers are limited to the country where R&D is conducted; the growth rate in each country will be determined by the country’s own R&D-efforts and by R&D cooperation ignored a long time in growth literature. Second, spillovers take place across borders, and growth rates will tend to converge across countries. Two potential channels for R&D spillovers are examined: localisation of FDI and R&D cooperation. In examining these issues, panel data for six Mediterranean countries will be used over the period 1970 to 2008

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