نمذجة العلاقة بين سعر صرف الدينار الجزائري و العرض النقدي خلال الفترة (1970-2015)‎

Abstract EN

This study aims to test the relationship between the money supply and the exchange rate in Algeria during the period between 1970 and 2015, through using co-integration test Johansen's in addition to causality test.

The results of this study has shown that there is no long-term equilibrium relationship between the money supply and the exchange rate in Algeria during the period under study, while the causality test results for Granger has proven that there is a causal relationship wich is moving from the money supply toward the exchange rate, as well as, The results of the error correction model estimate (EMC) has shown that the increase in the money supply by one unit in the current year leads to a slight exchange rate decrease after one year.