Currency Substitution Monetary Model In Algeria -an Empirical Analysis-

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Titre:	Currency Substitution Monetary Model In Algeria -an Empirical Analysis-
Auteur(s):	Tergou, Mohamed
Mots-clés:	Currency substitution Monetary Models Equilibrium exchange rate ARDL method Algerian dinar
Date de publication:	15-jan-2023
Editeur:	FACULTE DES SCIENCES ECONOMIQUES , SCIENCES COMMERCIALES ET SCIENCES DE GESTION
Référence bibliographique:	https://www.asjp.cerist.dz/en/article/213778
Collection/Numéro:	مجلة الدراسات التجارية والاقتصادية المعاصرة المجلد 6 العدد 1;
Résumé:	The article attempts to investigate the estimation of Equilibrium exchange rate in Algeria during period (1995-2020), using the Currency substitution Monetary Model, by applied the Bounds Test of ARDL co-integration model, The Unit Root Testing (ADF) conceded the integration of the variables at (0) order and (1), We estimate the selected model an ARDL(1,0,1,3) and it long-run; short-term relationships, The results shows the long-run relationships with Exchange rate is adjusted towards the equilibrium within four (4) years. In short-term there are Current and Future effect of monetary supply difference gap, and no effect by GDP gap on the exchange rate, also; the result shows the superiority of the monetary effect against the reel effect on the equilibrium exchange rate in Algeria.
URI/URL:	http://dspace.univ-tiaret.dz:80/handle/123456789/9477
ISSN:	2716-8972
Collection(s) :	volume 06

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