Algeria’s financial system in the face of international financial crises: between vulnerability and resilience

Abstract EN

From 2010 onwards, the analysis of the stability of the financial system shows that it is vulnerable to external shocks.

first, there is the risk of oil prices thus limiting the resilience of the system due to the heavy dependence on oil revenues.

the purpose of this article is to present the impact of recurrent international financial crises on the Algerian financial system.

to do this, we will try to explain in a first section, the phenomenon of financial crises, how they occur, what are their transmission channels and to what extent they constitute a shock for the national financial systems.