محددات أنظمة الصرف و أثرها على الأداء الكلي لاقتصاديات الدول النامية – دراسة حالة الجزائر –

The main objective of this paper is to look for the emphasis on different theories of exchange rate determinations as well as the question of optimality. Secondly, the paper deals the reason of the abandon of intermediate regimes toward the corner solutions in emerging countries that have been affected by many crises during the nineties added to their fear of floating. We also, discuss in this section the main problems associated with the application of intermediate regimes. Finally, we will proceed to an econometric application to the above mentioned theories using a VAR (Vector Auto Regression) in the case of Algeria.