أثر التحرير المالي الخارجي على القيمة السوقية لسوق الأوراق المالية : دراسة حالة مصر، لبنان و تونس (2000-2017)‎

Abstract EN

The objective of our study is to see to analyze the impact of the external financial liberalization on financial markets.

To do this, we used the multiple regression linear model with the least squares method, with the SPSS statistical programming.

As indicators of external financial liberalization for this purpose, the exchange rate, foreign direct investment, capital account on the index of the market value for three countries, respectively, Egypt, Lebanon and Tunisia.

The results of the study showed that each country used a specific policy.

In Egypt, the effects of exchange rate liberalization and foreign direct investment together at a rate of 50 % and 58 % respectively, while the impact of foreign direct investment on the market value in Lebanon, a strong direct correlation rate reached 68.

8 %, while Tunisia, capital account liberalization is the only influence on the market value of 52 %.