تداعيات التمويل غير التقليدي على المؤشرات النقدية للاقتصاد الوطني و استقلالية بنك الجزائر

Abstract EN

The objective of this study is to study On the effects of the 2014 financial crisis in Algeria after the decline in oil revenues, with a focus on non-conventional financing policy and its main implications on national economic indicators and the independence of the Bank of Algeria, The study concluded that the non-conventional financing mechanism would negatively affect the independence and sovereignty of the Bank of Algeria, due to the intervention of the executive power represented by the Treasury in the monetary policy alongside the Bank of Algeria, as well as the emergence of inflationary pressures and the decline in the value of the Algerian Dinar.

and The study concluded that there are three conditions that must be followed in order to successfully implement this new system.

Move towards productive investments, start structural reforms that allow banks to integrate funds that circulate in informal channels and finally encouraging FDI to support production capacity.