The impact of the monetary policy of the Central Bank on credit expansion of some banks operating in Algeria

An Empirical Study during the period (2008-2015)

Abstract

The aims of this study is showing the impact of the monetary policy of the Central Bank on the credit expansion of some of the banks operating in Algeria, during the period from 2008 to 2015, We discussed the monetary policy and its tools and its impact on the credit expansion of banks and monetary policy tools in Algeria after 1990 To this day, we have also conducted an applied study in which we relied on cash réserve compulsory and discount price as independent variables, and the credit granted By the sample of banks consisting of (09) banks as a dependent variable, using the analysis of the time series models (panel), And  unite root panel, the Johansson cointegration Test. The most important results of the study were the existence of a common complementarity between monetary policy through cash réserve compulsory and the discount price of banks operating in Algeria