تخفيض قيمة العملة بين إشكـالية تـوازن واختلال ميـزان المدفـوعات في المدى الطويل دراسة تحليلية لحالة الجزائر خلال الفترة (1990-2013)

Résumé: The objective of this study is to show the extent of the effectiveness of the devaluation to address the default in the balance of payments in the long term, taking Algeria as case of study during the period from 1990 to 2013, in order to know the impact this policy has played after a period of financial and economic reform in Algeria, For this purpose a brief reference was made to the balance of payments and the policy devaluation of the currency and relationship between them, as was the application of the co integration test model based on the balance of trade and the price of the exchange rate of the local currency for U.S. dollar as a study variables The results statistical tests show the absence of the co integration between the variables, which means the absence of long-term relationship between stable variables of the same class, In addition to absence of a causal link between the exchange rate of the local currency and the balance of trade, Which turned out to be the Devaluation measures national currency in order to improve the status of the balance of payments of Algeria was not viable and therefore not effective because of the circumstances of the nature of the foreign trade.

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