محددات فعالية قناة الائتمان الضيقة في نقل أثر السياسة النقدية للاقتصاد الجزائري (2001-2019)‎ : دراسة تحليلية

Abstract EN

This study sought to investigate the determinants of the effectiveness of the narrow credit channel to transfer the impact of the Algerian economic monetary policy during the period (2001-2019), based on a set of determinants mainly related to the characteristics of the financial and banking system on which the experimental studies focused on this topic.

For this purpose, the descriptive analytical method was used.

The study concluded that the reason for the weakness of the narrow credit channel is mainly due to the structural bank liquidity, and the weakness of its management during this period as a result of the high revenues of Thehydrocarbon sector and The high risks in the banking environment, in addition to the nature of the banking sector with a high concentration and its backwardness and the ence of the role of the financial market.