Tunisia: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 360

Publication date: November 2004

ISBN: 9781451837841

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Finance , Labor , ISCR , CR , Tunisia , exchange rate , reserve , foreign exchange , trade potential , trade performance , aggregate trade , accumulation target , trade partner , Unemployment , International reserves , Labor markets , Employment , Exchange rate flexibility , Europe , Global , Middle East , North Africa , East Africa

Also of interest

Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

This Selected Issues paper attempts to uncover the long-term determinants of the demand for foreign exchange reserves in Tunisia. It assesses the adequacy of current and projected reserves holdings in light of the country’s policy choices. The paper describes recent trends in foreign exchange reserves in Tunisia. Econometric evidence on the determinants of the demand for foreign reserves in Tunisia is presented. The results are used to forecast the desired level of reserves given Tunisia’s medium-term macroeconomic framework and to draw policy implications.