أثر بعض متغيرات الاقتصاد الكلي على احتياطي الصرف الأجنبي : دراسة قياسية باستخدام نموذج الفجوات الزمنية المبطئة ARDL

Abstract EN

This study aims to test and estimate the impact of public expenditure, the broad money, the exchange rate and inflation on the foreign exchange reserves in Algeria, and to demonstrate this, many statistical and standard methods were used, where the slow-gap model (ARDL) was used.

The study found a negative effect of both the monetary mass, the exchange rate and inflation on foreign exchange reserves in Algeria.

The study concluded that the massive decrease in foreign exchange reserves in Algeria during the study period was caused by both inflation, the monetary mass and the exchange rate, as the increase in the broad money by printing money or the parallel economy leads to high inflation rates, which would deplete the exchange reserve for use in the process Importation.

Jel Classification Codes: C01، D51، F43