The black market exchange rate and Oil prices in Algeria

International Journal of Economics and Management Studies
© 2015 by SSRG - IJEMS Journal
Volume 2 Issue 7
Year of Publication : 2015
Authors : Kamel Si MOHAMMED, Yasmina Safaa SALAH, Nassreddine benmessaoud
How to Cite?

Kamel Si MOHAMMED, Yasmina Safaa SALAH, Nassreddine benmessaoud, "The black market exchange rate and Oil prices in Algeria," SSRG International Journal of Economics and Management Studies, vol. 2,  no. 7, pp. 1-4, 2015. Crossref,


The goal of this study is to investigate the relationship between oil price and the black market exchange rate US Dollar/Algerian Dinar through an empirical analysis using an ECM Model (Error Correction Model) upon quarterly data for the period 1975-2003. Results show that a cointegration relationship is detected between oil and black market exchange rate in Algeria, with unilateral trend causality in short and long run time horizon from oil prices to black market exchange rate


oil price, Algerian black market exchange rate, EC Model


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