Author name:
ريسان حاتم كاطع العفلوكي
Supervisor name:
ثريا عبد الرحيم علي الخزرجي
Abstract:
حاولت الدراسة قياس وتحليل اثر مؤشرات السياسة النقدية على الاستثمار الاجنبي المباشر لدول مختارة مع اشارة خاصة الى اقليم كوردستان العراق وقد استخدمت الدراسة اساليب التحليل الوصفي والكمي في البحث لاجل تحديد مدى اثر السياسة النقدية على الاستثمار الاجنبي المبا | AbstractWitness the current international environment major shifts and unprecedented, which is the result of the phenomena of globalization and economic reform as well as the information and communications revolution that has made the world a small village where all barriers have been removed in front the transfer of money, labor, goods and services, capital, and in this framework intensified international competition to attract foreign funds and companies' capital Multinational through the removal of barriers and obstacles that hinder their way and give them incentives and guarantees that facilitate the arrival and entry to the local market in view of the role played by foreign direct investment in the provision of savings (funding) needed to establish productive projects and the transfer of technology and contribute to the improvement of skills, experience and drive economic growth.From here come the great importance of foreign investment in the economy of any state and is seen as a form Lease alternative to the indebtedness of foreign loans and is seeking states promoted and stimulated a climate conducive to creating his all its components, and if the foreign investment flows is endemic by 70% in the major industrialized countries, that what with its attractive in all aspects of the investment climate, and this was the duty of all especially the developing countries than you want to catch up with the evolution and development that is working hard to bring this type of investment to the best of effort and means, to the important role of foreign investments in development projects Economic host countries if these countries are well done and the choice of projects to choose its foreign partners.Monetary policy is one of the investment climate and one of the most important determinants of FDI aspects and is done through indicators included exchange rates, interest rates, inflation, and the question that arises here is what is the way to make monetary policy tools as a catalyst to attract foreign direct investment and this is what we will try to answer it In this study.It is the exchange rate one of the key policy variables in the economic openness while affect macroeconomic variables such as trade, capital flows, foreign direct investment, inflation, global reserves, and GDP as well as financial transfers, while the longer inflation indicator of the stability of the domestic economy in the host countries, Changes in rates of inflation in the domestic or foreign countries expect a change in net returns as well as investment decisions idealism and then is expected to have a negative impact on foreign direct investment, and the interest rate, the rise in the mother country would make it attractive to foreign capital and will cause the rate of the exchange rate rise and this will lead to increasing the supply of foreign currency, on the other hand, if interest rates were high in other countries, investments will leave and it produces diminishing supply of foreign currency rates, which is heading the exchange rate to decline.China, Egypt, was one of the most important countries that have worked to restore economic structure and enact legislation giving attractive incentives to the flow of foreign investments as well as monetary and fiscal economic policies that contribute to achieving this purpose, taking into account the difference between the above - mentioned two countries in terms of the degree of advancement and development and economic growth.With regard to Iraq, and because of the important role of expected foreign direct investment in Iraq, part of this study care diagnosis climate Iraqi investment environment and reality and identify obstacles to actively carry out an investment actor in the Iraqi economy and work hard to create an environment and conditions appropriate Iraqi investment environment that can help to motivate and attract domestic savings or foreign investment through various mechanisms, including monetary policy in Iraq and Kurdistan Iraq Study experience an attractive environment for investment to some extent for foreign direct investment.The study concluded that both exchange rate and inflation play significant, positive and negative role on consecutive in attract foreign capital flows, but the interest rate was non - significant perhaps this is due to the institutions finances and Banking in Iraq generally undeveloped.Also, this study prove that are multifactor (Security, Economy, Political, Managemental and Society) negatively effect on the investment environment in Iraq making it a rejecter environment.Also, the study found that the amount of foreign direct investment is small which is only about, (5.7) billion dollars from (2006 till 2014), as well as, the distribution of investments varied amongst the various sectors or on the levels of the three governorates in Kurdistan province.
