Central Bank Monetary Policy And Its Role In The Emergence Of Banking Crises In The Iranian Economy Within Modified Money Market Pressure Index
author
Abstract:
In recent years, the banking crisis has increased the attention of researchers toward the banking system reform and solutions to it. The banking crisis can be accompanied by a banking run, banking panic, a rise in the Non-performing loan in banking system, fluctuations in cash and non-cash assets, and so on. On the other hand, the central bank's monetary policy has also played an important role in the emergence of banking crisis by using direct and indirect tools as well as the free access of banks to credit lines and overdrafts from the central bank. In this study, firstly, bank crises in the Iranian economy were identified in the framework of the adjusted index of money market pressure during the period 1973 to 2016 using seasonal data and then the probability of a banking crisis was investigated using the Markov model. The experimental results of this research show that Iran's economy experienced banking crisis in some periods, including early 1979, late-1990, between 1994 and 1996, as well as between 2013 and 2015. Statistical analysis showed that the Central Bank's expansionary monetary policy has played an important role in the emergence of banking crisis and liquidity movements towards immature activities. Hence, moving towards alternative monetary instruments such as the Islamic debt market or the interbank market can play an important role in the effective transfer of liquidity to productive sectors and reduce the government's dominance over the banking system.
similar resources
the u.s. policy in central asia and its impact on the colored revolutions in the region (the case study of tulip revolution in kyrgyzstan)
چکیده ندارد.
15 صفحه اولthe role of russia in transmission of energy from central asia and caucuses to european union
پس ازفروپاشی شوروی،رشد منابع نفت و گاز، آسیای میانه و قفقاز را در یک بازی ژئوپلتیکی انرژی قرار داده است. با در نظر گرفتن این منابع هیدروکربنی، این منطقه به یک میدانجنگ و رقابت تجاری برای بازی های ژئوپلتیکی قدرت های بزرگ جهانی تبدیل شده است. روسیه منطقه را به عنوان حیات خلوت خود تلقی نموده و علاقمند به حفظ حضورش می باشد تا همانند گذشته گاز طبیعی را به وسیله خط لوله مرکزی دریافت و به عنوان یک واس...
15 صفحه اولthe analysis of the role of the speech acts theory in translating and dubbing hollywood films
از محوری ترین اثراتی که یک فیلم سینمایی ایجاد می کند دیالوگ هایی است که هنرپیش گان فیلم میگویند. به زعم یک فیلم ساز, یک شیوه متأثر نمودن مخاطب از اثر منظوره نیروی گفتارهای گوینده, مثل نیروی عاطفی, ترس آور, غم انگیز, هیجان انگیز و غیره, است. این مطالعه به بررسی این مسأله مبادرت کرده است که آیا نیروی فراگفتاری هنرپیش گان به مثابه ی اعمال گفتاری در پنج فیلم هالیوودی در نسخه های دوبله شده باز تولید...
15 صفحه اولthe place of iranian public diplomacy in central asia
چکیده: نسبت به کارکرد و ماهیت دیپلماسی عمومی در جهان امروز نظریه های متعددی بیان گردیده و جایگاه آن در کنار نظریه های دیگر در محافل آکادمیک و دانشگاهی بررسی و تحلیل گردیده است. نظر به اهمیت دیپلماسی عمومی و جایگاه آن در سیاست خارجی ایران این نوشتار با تمرکز بر دیپلماسی عمومی در منطقه آسیای مرکزی تهیه و تنظیم شده است. این ضرورت از آنجا ناشی می شود که اولاً مفهوم دیپلماسی عمومی در سیاست خارجی ای...
15 صفحه اولheterogeneity within the orientalist discourse: representation of the orient in womens travelogues and mens paintings
from 1950s onward, new theories and critical approaches burgeoned across humanities. these theories were context-oriented; as a result, the analysis of discursive practices gained significance. thus, social, political, historical and cultural discourses that have been hitherto marginalized and considered inferior to literary texts, were introduced as important texts to be analyzed by critics. o...
Money Market Pressure and the Determinants of Banking Crises
Identifying banking crises is the first step in the research on determinants of banking crises. The prevailing practice is to employ market events to identify a banking crisis. Researchers justify the usage of this method on the grounds that either direct and reliable indicators of banks’ assets quality are not available, or that withdrawals of bank deposits are no longer a part of financial cr...
full textMy Resources
Journal title
volume 27 issue 89
pages 61- 97
publication date 2019-05
By following a journal you will be notified via email when a new issue of this journal is published.
No Keywords
Hosted on Doprax cloud platform doprax.com
copyright © 2015-2023