أثر السياسة النقدية و المالية في تحقيق الاستقرار بسعر الصرف في السودان 1980-2014 م

Abstract EN

Socio-economic policies implemented in Sudan during the past 30 years have caused severe economic problems, such as increasing inflation and high unemployment rates, a massive external debt, a debt service disruption, and fluctuations in the balance of payment and exchange rates that have all affected the macroeconomic indicators.

The significance of this study is come from the impact of the whole factors essential instrument of monetary and financial policy, and technical factors for the instability of exchange rates and the impact on economic stability in the Sudan.

The study aimed to measure the impact of monetary policy and financial stability in the exchange rate tools in the study period.

The study used the descriptive method, in some parts of the study, and analytical approach in others to explain and analyze various economic phenomena and analytical data and statistics related to the exchange rate in the Sudan, also used the historical method, as well as the curriculum standard for the analysis and assessment of the proposed model for measuring the impact of monetary policy tools and financial stability in the exchange rate.

The study found many results the most important results is, that the weakness of monetary and financial policies and ineffective high degree due to the weakness of the monetary markets, and its narrow scope, the increasing impact of the financial non-banking institutions, making the Central Bank and Ministry of Finance not to directing the activity of these institutions in line with the means of the monetary and financial policies.

it was a lack of official data for time series variables standard models estimated negative impact on the appreciation, as the results did not match with the hypotheses to the study period, the existence of macroeconomic policies (monetary and financial) planned center large investments and problems in the completion of projects programmed led to excessive borrowing from abroad in addition to monetary issuance of central bank without charge in production.