Unconventional Tools of the Central Bank of Algeria as a Model

Abstract

This study aims to shed light on the non-traditional tools of monetary policy that have emerged greatly in Algeria after the deterioration of financial conditions and in light of the failure of traditional tools in the 2008 crisis. Central banks are curbing the crisis by means of non-traditional monetary policy tools, especially the policy of quantitative easing and monetary issuance. After that, the study concluded that the Algerian central banks were unable to address this crisis through their traditional tools. In their response to the financial crisis, especially in developed countries, they have developed new tools based on modern economic principles; these tools were called non-traditional; the effect of the continuous homogeneity in the use of non-traditional tools in the Algerian economy to address the goals and causes and the deterioration of the prevailing conditions. The research aims to examine the effects of using non-traditional tools to address the crises experienced by the Algerian economy.