Les cahiers du CREAD
Volume 40, Numéro 1, Pages 91-128
2024-04-01
The Misalignment Of The Algerian Dinar's Real Effective Exchange Rate
Authors : Hasni Abderrahim . Azzaoui Khaled .
Abstract
This paper analyzes exchange rate misalignments in Algeria from 1980 to 2020 using the behavioral BEER method. We investigate the real effective exchange rate (REER) and its cointegration with key economic indicators in Algeria. By considering Algeria's level of commercial openness, we identify periods of misalignment and examine their causes and effects. Our findings reveal significant fluctuations in the exchange rate, deviating from its long-term equilibrium.
Keywords
Exchange rate, REER, BEER, Misalignment
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