دراسة العلاقة بين نظام أسعار الصرف و مؤشر أسهم تونس باستخدام أسلوب التكامل المتزامن و اختبارات السببية للفترة

Abstract EN

This study aims at determining the relationship between the exchange rate system and the Tunisian stock indice by introducing interest rate and money supply during the period 2001-2016, based on the method of simultaneous integration, the error correction model and the causal tests of Ganger, After studying the stability of the studied series using ADF (1981) - PP (1988).

The study concluded that there is a simultaneous correlation between the Tunisian equity indice and between the exchange rates, interest rate and money supply, and the ence of a causal relationship between the indice of Tunisia and exchange rate.

Key words: exchange rate system, stock indice, simultaneous integration method, error correction model, causal tests.