The Black Market Exchange Rate and Demand for Money in Algeria Report as inadecuate




The Black Market Exchange Rate and Demand for Money in Algeria - Download this document for free, or read online. Document in PDF available to download.

Abstract

The aim of this paper is to examine empirically the effects of black market exchange rate on the demand for money in Algeria where due to government restrictions and controls on foreign exchange, two exchange rates official and black coexist and operate simultaneously. The discrepancy between the two rates has intensified since the adoption of the S.A.P in 1994.Using quarterly data for the 1974-2005 and an ARDL approach combined with CUSUM and CUSUMSQ,our results provide further evidence in favor to the inclusion of black market exchange rate rather than official rate issue.



Item Type: MPRA Paper -

Original Title: The Black Market Exchange Rate and Demand for Money in Algeria-

English Title: The Black Market Exchange Rate and Demand for Money in Algeria-

Language: English-

Keywords: Money demand; Black market exchange rate; ARDL Bounds testing approach-

Subjects: E - Macroeconomics and Monetary Economics > E0 - GeneralG - Financial Economics > G0 - General-





Author: Bouteldja, Abdelnacer

Source: https://mpra.ub.uni-muenchen.de/75280/







Related documents