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US Dollar Dynamics and it Impacts on Algeria Imports from the Eurozone

Kamel Malik Bensafta ()
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Kamel Malik Bensafta: UHBC - Université Hassiba Ben Bouali de Chlef

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Abstract: In this paper, we are interested in estimating the exchange-rate pass-through impact of the US dollar on Algerian imports; an impact of particular importance when it comes to imports emanating from the Eurozone. In 2015, half of the Algerian imports from the euro area were denominated in the European currency. In contrast, Algerian foreign exchange earnings emanate exclusively from hydrocarbon exports, and are hence denominated in US dollars. Our estimates show that a depreciation of the US dollar vis-à-vis the euro results in a significant and proportionate increase in Algerian imports from the Eurozone. This impact is greater in the case of imports emanating from Spain, Germany and Belgium.

Date: 2018
New Economics Papers: this item is included in nep-ara and nep-opm
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