دراسة قياسية لأثر قناة سعر الصرف على التــوازن الخـــــــــارجي في الجزائر للفترة (1990-2014)

Abstract

The study aims to measure the impact of exchange rate channel on the economic balance. Co-integration test along with vector error correction model in the long and short term were used in the study. The study show a long-term and an integrated relationship between exchange rate channel and the balance of payments, As is clear from the study that the stability of exchange rate is significantly affected by oil prices. The findings indicate as well an inverse relationship between the exchange rate and the balance of payments in the short and long term.