Noura Harboub is Assistant Professor at the FSEG Mahdia, University of Monastir and researcher in the DEFI laboratory. She works in the fields of international finance, economic policy and capital control and obtained her doctorate from the University of Paris13, France. She is also a member of the association DREAM (Dynamique de Réflexions Economiques à Mahdia).

Capital Flight and the Drying Up of Bank Liquidity

Although other factors may explain the flight of capital, such as the low climate of confidence, political and social instability, and rising inflation, this policy brief identifies two main sources of liquidity drain, namely the worsening of the current account deficit and the burden of tax regulations.

By Noura HARBOUB | 10 December 2020