Search Results for monetary-stability
Abstract
The study aimed to analyze indicators of financial discipline and measure the effects of those indicators on monetary stability in the Iraqi economy, based on quarterly data for a time series for the period (2004-2020), through the use of cointegration methodology and the Autoregressive Distributed Lag (ARDL) after Performing a time series quiescence test (KPSS). A long and positive relationship between indicators of financial discipline (debt ratio to GDP, foreign reserves and money supply to GDP) and monetary stability. The study recommended the need to adhere to the rules of financial discipline to maintain the exchange rate by increasing the domestic production base, increasing non-oil exports and reducing dependence on the currency selling window that drains foreign reserves, as well as the need to switch to (E-government), which aims to achieve financial discipline within the country, Enhancing the exchange rate of the Iraqi dinar and enhancing the competitiveness of non-oil sectors such as industry and agriculture in increasing Iraqi exports.
Abstract
The research seeks to the effectiveness show of monetary policy tools in light of the Central Bank of Iraq of independence and the extent of their contribution to the objectives of the general economic policy and their in choosing efficiency their tools that reflect the monetary variables that affect the banking system and then transferring the monetary effects to economic activity and achieving the goals of monetary policy The banking sector is with increasing interest in the economy for its active role in providing financial resources and mobilizing them from domestic savings and its efficiency The ability of banks to provide bank credit contributes to achieving economic development and this efficiency is based on the prevailing economic conditions and financial and monetary stability as it is the basis for directing monetary policy tools in the financial sector Therefore, the research was detailed to a comprehensive introduction to the research and methodology The second topic was devoted to the theoretical side and divided into three axes The first focused on monetary policy in Iraq The second centered around the concept of the banking financing gap and the third axis focused on the relationship between monetary variables and total credit and bank deposits The second topic the applied aspect of the research was to measure The relationship between the independent and dependent variables and the conclusion of the research in the conclusions and recommendations
Abstract
The syudy aims to analyses the impact of the foreign exchange window on the exchange rate of the iraqi dinar for the period 2003-2021. rentier economies that suffer from inefficient traditional channels for the transfer of monetary policy to the real sector due to their disrupted economic structure and heavy dependence on imports to meet domestic demand apply direct instruments such as the foreign exchange window. the exchange rate is a critical tool used by the monetary authority to maintain price stability and target inflation. the foreign exchange sale window is an effective mean of directly affecting the exchange rate and is an interim tool for crossing a transitional period and ensuring monetary stability during this period. the research concluded that the foreign exchange window affects the exchange rate of the iraqi dinar and this effect was uneven during the study period. the results of the study showed that the exchange rate of the iraqi dinar responded to the monetary authoritys porcedures of employing part of the reserves to maintain its stability during the period 2003-2010 while the period 2011-2020 showed a weak response to the central bank interventions and thus higher gap between the nominal and parallel exchange rate.