فاعلية السياسة النقدية في ظل تحرير اسعار الفائدة : نماذج لدول مختارة للفترة 1990 - 2008 == Effectiveness of Monetary Policy Within The Context of Liberalization of Interest Rates : Chosen States Protoypes - For The Period 1990 - 2008
Author name:
سلام هامل بريغش الجوراني
Supervisor name:
ثريا عبد الرحيم علي الخزرجي
General topic:
Administration and Economics
Specific topic:
Economy
Degree:
Master
University:
University of Baghdad - Faculty Of Administration And Economics
Language:
Arabic
University location:
Baghdad
First pages:
07T3737 - p.pdf
Abstract:
تشغل اسعار الفائدة دورا كبيرا في النشاط الاقتصادي حيث تعتبر من اهم المؤشرات التي تستخدم في تحليل حركة الاقتصاد الكلي بحيث تستخدم كاداة لتحقيق التاثير في النشاط الاقتصادي عن طريق السياسة النقدية، وكثيرا ما يفترض في النظرية الاقتصادية ان سعر الفائدة يؤث | The importance of the role played by the interest rates in the national economy stems from the nature of using it as one tool of the used tools by the critical policy in achieving the objects that is targeting them, the change in the interest rates generating discrepancy reactions for the public including those (saving and investors) , also influence in distributing the available funds for investment for the most income projects through effecting in extent of utility of the same project.Using the interest rates by the monetary policy stems from using them as a tool or an mediator or final object and due to nature of the system under which this monetary policy functioning.The interest rates which was assigned administratively in Iraq before 2003 till the prime 2004 , now it has become buoyant and free and assigned within the context of the market powers, the monetary authority at that time used the interest rates as direct monetary tool restricted to cash and monetary imbalance in economy, the interest rates has characterized by prevalent stagnation and not taking in to consideration the continuous increase in general level in prices that made the banking system infertile in attracting the local saving because of the existence of negative genuine interest rates , and after giving the central bank its independence in running its monetary tools to achieve its objectives according to its new law and after releasing the freedom of assigning interest rates for the market powers, the interest rates has become used as one of mediator tools or the functionary of monetary policy and path of monetary policy in implementing and achieving the final object began to pass - through the interest rates as mediator aim , this procedure has succeeded in implementation and achieving the monetary policy objectives such as limitation of inflation and to confront its increasing rates and to cause its decrease , also reaching to relative stability state in general level of prices , in addition to improvement of local currency value, the process of releasing the interest rates also led to generate positive genuine interest rates through going in line with increasing of general level of prices that enhance the increase in saving and attracting the funds from the commercial banks that leads to activate the banking system function which serve the Iraqi economy.
