اختبار قوة العلاقة بين التحركات النقدية و سلوك سعر صرف الدينار الجزائري

Abstract EN

The main aime of this research paper is show the effectiveness of monetary pattern in determining the exchange rate and testing its ability to interpret the fluctuations through using internal and extemel monetary and real variable, it was found that the change in the nominal exchange is explained by 77% through this variables M, M*, also we found that the change of nominal exchange rate of dinar Algerian RY*, RY is greatly influenced by monetary shocks and real shocks in a very strong money supply growth rates, so the nominal exchange rate would have a tendency to decrease in value regardless of the rate of economic growth, where where a reducing effect on laxity stage of monetary policy