Global Economy and Finance Journal
Vol. 10. No. 2., September 2017, Pages: 58 – 71
The Role of Intermediation and Seigniorage in the Changes of Monetary Policy in Tunisia
The purpose of this paper is to study major changes in Tunisian monetary policy implementation conditions, and their effects. It focuses on the role of the central bank as a strategic participant in the finance of the economy, and the recycle of saving into investment. It aims to analyze new conditions of the efficiency of the settlement system through central bank balance sheet and its impact, not only through autonomous and discretionary factors, but also through liquidity factors of operators other than banks.