أثر الأدوات الكمية للسياسة النقدية على مستوى الاستقرار النقدي في الجزائر دراسة تحليلية قياسية خلال الفترة (1990-2021).

Abstract

This study aimed at measuring the impact of quantitative instruments used by the Bank of Algeria (legal reserve rate; Repatriation rate) At the level of monetary stability in Algeria during the period 1990/2021, using the ARDL distributed time gap self-decline model, the results of the standard study showed a long-term balance between monetary stability and the quantitative instruments of monetary policy in Algeria during the period (1990-2021), the results also indicated that there was no relationship between the re-deduction coefficient and the long-term monetary stabilization coefficient, while the legal reserve rate and the long-term monetary stabilization coefficient were found to be inverse and moral, as well as both the real exchange rate and the longterm monetary stability rate