Real shocks drive Tunisian Dinar fluctuations, impacting economy and trade.
The study looked at what caused changes in the value of the Tunisian Dinar in the 1990s. By analyzing different types of economic shocks, they found that real factors, like changes in demand and supply, were the main drivers of fluctuations in the exchange rate. These real disturbances explained about 80% of the changes in the value of the Dinar during the period studied.