قياس أثر المستوى العام للأسعار و الأرصدة النقدية على سعر صرف الدينار الجزائري للفترة (1990-2013)‎

الملخص EN

This study aims to test basic impose, is that changes in the nominal exchange rate of the dinar against the US dollar circulation.

And for this purpose we used the partial amendment, which includes four variables: the index of consumer prices model CPI, cash balances fact RM the nominal exchange rate for the period (t) ER , the nominal exchange rate for the period (t-1) ER .

The study found that every change in the general price level by 1% leads to a change in the Algerian dinar exchange rate at 31.07%, which shows that the exchange rate Algerian dinar flexible for the general level of prices in the short term, but for real cash balances, the impact on the Algerian dinar exchange rate in the short term is very weak.

In estimating the long-term elasticities, remained flexible Algerian dinar exchange rate for the general level of prices, and inflexible for real cash balances.

As the general level of prices change by 1% leads to a change in the exchange rate of the dinar Algeria increased by 68.9% and in the same direction.