Macroeconomic Determinants And Structural Stability Of The Algerian Dinar (usd/dzd & Eur/dzd): An Ardl Bounds Testing Approach (2008–2024)
Auteurs : Cherifi Brahim .
Résumé
This research aims to determine the long-run and short-run macroeconomic determinants of the Algerian Dinar (US Dollar and Euro) between 2008 and 2024. Employing the Autoregressive Distributed Lag bounds testing approach, the study analyzes the impact of inflation, international reserves, and trade dynamics. The key findings reveal that international reserves serve as the primary shield for the Dinar’s value, while high domestic inflation significantly drives currency depreciation and erodes purchasing power. Consequently, the study recommends expanding non-oil exports to rebuild and sustain foreign exchange reserves, alongside prioritizing domestic price stability to prevent the further erosion of the Dinar’s international competitiveness.
Mots clés
Algerian Dinar (DZD) ; Exchange Rate ; ARDL Bounds Testing ; Macroeconomic Determinants ; International Reserves
