دور مكافحة التضخم في التقليل من فجوة التمويل

الملخص EN

Explains the mutual relationship between the research variables (inflation, foreign reserves, exchange rate) with quantitative easing, a monetary variable (developed) for unconventional monetary policy.

This relationship confirms the existence of monetary policy links in achieving price stability, which is the ultimate goal of monetary policy, as this research was launched.

From the theoretical side of the research variables in three investigations, As for the research hypothesis test, which focused on rejecting the null hypothesis and choosing the alternative hypothesis and the statement of potential inflation (inverse to the index of foreign reserves), it was shown to us through an equation.

The apparently unrelated regression (SURE) through the introduction of an instrument variable, which is the sales of the foreign currency sale window, which shows that it affects and is not affected.

The most important conclusion of the research is that inflation affects foreign reserves as well as the exchange rate at a rate of (6.848) and inflation is not affected in foreign reserves And the exchange rate, whether high or low, by comparing the tabular value of t with the computed, which amounted to (665.86) and the tabular value of t (0.00), while the most important recommendation was for research, we recommend using an apparently unrelated regression model, which showed us that the independent variables are affected by the automatic variable (the foreign currency sale window), so the monetary policy must move towards other variables.