Purpose: This paper aims to examine the Treasury bond yields response to monetary policy shocks in Tunisia under a heterogeneous economic environment. Design/methodology/approach: Using a traditional fixed coefficient model, the impact of monetary policy changes on the term structure of...

Purpose – The purpose of this paper is to investigate the informational opacity of Tunisian banks versus non-banking firms taking into account information environment changes. Design/methodology/approach – This research uses the synchronicity of stock returns as a proxy of informational...

Purpose – The purpose of this paper is to investigate the informational opacity of Tunisian banks versus non‐banking firms taking into account information environment changes. Design/methodology/approach – This research uses the synchronicity of stock returns as a proxy of informational...

This paper examines the ability of stock market investors to monitor bank risk for a sample of listed banks in Tunisia and Morocco over the period 2003-2009. We construct numerous market-based risk measures: market beta, idiosyncratic risk component and total volatility of bank stock returns...