Determinants of the demand for money in Algeria, a standard study
Keywords:
Money demand, GDP, inflation, interest rates, monetary policyAbstract
This study aims to analyze the most important determinants of the demand for money in Algeria during the period (1990-2012) and it is in order to identify and notice the factors and variables that affect this function, knowing that the latter is a a function of real income, interest rate, exchange rate, and inflation rate as predicted by most theories and studies; it also aims to measure the elasticities of the money demand function for the key factors of this function, using the co-integration technique. The results show that the real income has a significant and positive impact on the money demand function, an inverse relationship between the exchange rate and the interest rate and Finally, it was confirmed that the inflation rate has a relationship inverse with the demand for money
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