أثر تغيرات أسعار الفائدة و حجم الكتلة النقدية على سعر الصرف في الجزائر : دراسة قياسية باستخدام منهجية Nardl للفترة (1980-2018)‎

الملخص EN

This study aims to highlight the Impact of positive and negative changes in interest rates and the size of the monetary mass on the exchange rate in Algeria during the period (1980-2018), based on the NARDL method that allows studying non-linear and asymmetric co-integration relationships between The variables, as well as by using the gradual regression method, which works to exclude the non-significant variables from the model.

The study found a strong positive effect on interest rates with its positive value and a strong negative effect on the size of the monetary mass with its negative value on the exchange rate in the long term.

The study also showed the existence of a long-term equilibrium relationship between the variables