مدى مساهمة السياسة النقدية في ضبط القروض البنكية كآلية للحد من التضخم : دراسة قياسية للبنوك التجارية العاملة بالجزائر خلال الفترة (2009-2018)‎

Abstract EN

This paper aims to study the extent contribution of monetary policy to tuning the volume of bank loans as a mechanism to reduce inflation, through a standard study for ten (10) years (2009 to 2018) in Algeria, which was based on the data of the re-discount rate and legal cash reserve As two independent variables, and the volume of bank loans as a dependent variable, Using the analysis of cross-sectional time series models (panel), three models were applied: the regression model, the fixed effects model and the random effects model.

In this study we used stability of time series test, ARDL co-integration test, and error correction model VARDL, Finally we concluded that there is a long-term equilibrium relationship between the re-discount rate and the volume of loans, and that monetary policy in Algeria contributes the effect on the volume of loans granted by banks operating in Algeria only by the re-discount rate and this contributes to reduce the phenomenon of inflation.