mohammed boutouba | University Ain Temouchent Belhadj Bouchaib (original) (raw)

Papers by mohammed boutouba

دفاتر البحوث العلمية, Nov 27, 2013

المجلة الجزائرية للتنمية الإقتصادية, Nov 16, 2015

The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the result... more The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the results of its strategies and levels of intervention, which inadvertently, created the conditions leading up to the current credit crisis. Unfortunately, when we turn to the economic orthodoxy for an opinion on what went wrong and how we can fix it we find there is not even an established framework by which we can discuss the issue. This work paper aims to show how the central bank role (which is the epicenter of the financial system) has radically changed in order to respond to the current financial crisis constraints, focusing on the central banking before this crisis, secondly the new role of the central bank as a monitor of financial stability (not only a monetary one) with an action combined with its government to implement a growth and development strategy.

المجلة الجزائرية للتنمية الإقتصادية, Jun 1, 2015

The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the result... more The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the results of its strategies and levels of intervention, which inadvertently, created the conditions leading up to the current credit crisis. Unfortunately, when we turn to the economic orthodoxy for an opinion on what went wrong and how we can fix it we find there is not even an established framework by which we can discuss the issue. This work paper aims to show how the central bank role (which is the epicenter of the financial system) has radically changed in order to respond to the current financial crisis constraints, focusing on the central banking before this crisis, secondly the new role of the central bank as a monitor of financial stability (not only a monetary one) with an action combined with its government to implement a growth and development strategy.

Roa Iktissadia Review, Jun 30, 2017

Algerian Review of Economic Development, 2015

The application of quantitative easing by the United States of America is considered as a primary... more The application of quantitative easing by the United States of America is considered as a primary action given the ineffectiveness of previous monetary policies. The operation of lowering the interest rate to zero and the purchase of financial assets is initiated in order to restore confidence to the financial markets and beyond investors. However, this policy can give rise to negative effects on the US economy such as outflows of capitals and therefore depreciation of the dollar. This study allowed us to demonstrate that the effect of quantitative easing policy caused a fall in the value of the dollar relative to the pound sterling and to a lesser extent in the relationship between the dollar and the Japanese yen; On the other hand, we have seen an inverse effect between the dollar and the euro: the fall in the euro value has led to a rise in the dollar.

The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the result... more The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the results of its strategies and levels of intervention, which inadvertently, created the conditions leading up to the current credit crisis. Unfortunately, when we turn to the economic orthodoxy for an opinion on what went wrong and how we can fix it we find there is not even an established framework by which we can discuss the issue. This work paper aims to show how the central bank role (which is the epicenter of the financial system) has radically changed in order to respond to the current financial crisis constraints, focusing on the central banking before this crisis, secondly the new role of the central bank as a monitor of financial stability (not only a monetary one) with an action combined with its government to implement a growth and development strategy.

paper by mohammed boutouba

دفاتر البحوث العلمية, Nov 27, 2013

المجلة الجزائرية للتنمية الإقتصادية, Nov 16, 2015

The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the result... more The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the results of its strategies and levels of intervention, which inadvertently, created the conditions leading up to the current credit crisis. Unfortunately, when we turn to the economic orthodoxy for an opinion on what went wrong and how we can fix it we find there is not even an established framework by which we can discuss the issue. This work paper aims to show how the central bank role (which is the epicenter of the financial system) has radically changed in order to respond to the current financial crisis constraints, focusing on the central banking before this crisis, secondly the new role of the central bank as a monitor of financial stability (not only a monetary one) with an action combined with its government to implement a growth and development strategy.

المجلة الجزائرية للتنمية الإقتصادية, Jun 1, 2015

The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the result... more The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the results of its strategies and levels of intervention, which inadvertently, created the conditions leading up to the current credit crisis. Unfortunately, when we turn to the economic orthodoxy for an opinion on what went wrong and how we can fix it we find there is not even an established framework by which we can discuss the issue. This work paper aims to show how the central bank role (which is the epicenter of the financial system) has radically changed in order to respond to the current financial crisis constraints, focusing on the central banking before this crisis, secondly the new role of the central bank as a monitor of financial stability (not only a monetary one) with an action combined with its government to implement a growth and development strategy.

Roa Iktissadia Review, Jun 30, 2017

Algerian Review of Economic Development, 2015

The application of quantitative easing by the United States of America is considered as a primary... more The application of quantitative easing by the United States of America is considered as a primary action given the ineffectiveness of previous monetary policies. The operation of lowering the interest rate to zero and the purchase of financial assets is initiated in order to restore confidence to the financial markets and beyond investors. However, this policy can give rise to negative effects on the US economy such as outflows of capitals and therefore depreciation of the dollar. This study allowed us to demonstrate that the effect of quantitative easing policy caused a fall in the value of the dollar relative to the pound sterling and to a lesser extent in the relationship between the dollar and the Japanese yen; On the other hand, we have seen an inverse effect between the dollar and the euro: the fall in the euro value has led to a rise in the dollar.

The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the result... more The consensus of the pre-crisis 2008 on the central bank's role is shredded because of the results of its strategies and levels of intervention, which inadvertently, created the conditions leading up to the current credit crisis. Unfortunately, when we turn to the economic orthodoxy for an opinion on what went wrong and how we can fix it we find there is not even an established framework by which we can discuss the issue. This work paper aims to show how the central bank role (which is the epicenter of the financial system) has radically changed in order to respond to the current financial crisis constraints, focusing on the central banking before this crisis, secondly the new role of the central bank as a monitor of financial stability (not only a monetary one) with an action combined with its government to implement a growth and development strategy.