Quantitative Easing As A Monetary Policy Mechanism To Finance The Algerian Budget Deficit )2015-2019

Abstract

This paper aims at identifying the implications of the application of the non-traditional financing policy in Algeria. We discussed the concept of monetary policy and the objectives it aims to achieve. Then we discussed the concept of unconventional monetary policy and the conditions of its implementation by adding channels to the effect of quantitative management policy on the economy, We tried to analyze the deficit in the general budget of the state and finally introduced the experience of Algeria in the policy of non-conventional financing, and we concluded that this policy evaporates a set of risks and the loss of cash for one of its functions as a store of value and lead to the collapse of the currency National and increased inflation.