Necessity and conditions of emergence of a Tunisian financial market.

Summary In the 1980s, developing countries were faced with what was called the debt crisis. As a result of restrictive monetary policies in developed countries, interest rates rose and the supply of capital to developing countries dried up. It seems that today international capital is trying to find its way back, but its transit is no longer through the banking systems. The trend that is emerging is to see them invested through the financial markets. In these conditions, Tunisia should seize this opportunity by ensuring the conditions of emergence of its financial market.