أثر احتياطيات الصرف الأجنبي على سعر صرف الدينار-اليورو في الجزائر : دراسة تحليلية قياسية خلال الفترة 2000-2019

الملخص EN

This study aims to identify the impact of exchange reserves on the exchange rate of the Algerian dinar against the euro, based on annual data for the period 2000-2019.

to achieve this goal, we used in the analytical study the method of ACP, and depending on the correlation matrix, we obtained a strong correlation between the exchange reserves and the exchange rate of the Algerian dinar-euro, the results of the econometric study also showed that all the stable variables are not integrated of the same degree and when using the "VAR" and by relying on impulse response functions, through which the impact of a negative shock on the exchange reserves of one standard deviation has been shown to result in a depreciation of the Algerian dinar-euro and is consistent with economic theory.