محددات الطلب على احتياطات الصرف الأجنبي في الجزائر : دراسة قياسية للفترة 1990-2019

الملخص EN

The paper aims to examine the determinants of the demand for foreign exchange reserves in Algeria by using annual data for the period 1990-2019.

to this end, we used VAR model.

the results of the econometric study also showed that all the stable variables are not integrated of the same degree, and when using the vector auto regressive (VAR) and depending on Impulse response functions, through which it was found that the effect of a positive shock on the trade openness rate of one standard deviation, leads to an increase the demand for foreign exchange reserves in Algeria and this is consistent with economic logic.