Abstract

THE IMPACT OF FINANCIAL DEPTH ON THE EFFECTIVENESS OF MONETARY POLICY IN IRAQ FOR THE PERIOD 2004-2018

Prof .Dr.Thuraya Abdul Rahim Al-Khazraji, Lecturer. Zuhair hamid AL-Zaidi

Volume: 10 Issue: 3 2020

Abstract:

The financial depth and its impact on the performance of monetary policy received increased attention by researchers and those interested in financial affairs at the end of the last decade of the last century, especially after the great development in financial intermediation and the banking sector and the diversity of means of payment, so the study of financial depth and its reflection on monetary policy On the Iraqi economy has great importance because monetary policy works to control economic activity and maintain the monetary stability necessary to achieve economic growth. The problem of the study lies in the decrease in the financial depth in Iraq, which led to the weak performance of the banking sector, and this was reflected in the effectiveness of the financial policy and its transmission channels to a local total. The research objectives are summarized in the impact of financial depth on monetary policy and the channels of its transfer to output . The research concluded that the decrease in the financial depth represented by( money supply / GDP), (the volume of private sector financing / GDP), (deposits / GDP), had a negative impact on the channels of monetary policy transmission to the economy

DOI: http://doi.org/10.37648/ijrssh.v10i03.044

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