A model for implementing monetary and banking policies (case study in Iran)
| Autor | Candelaria Hernández Jiménez - Josefina De la Cruz Izquierdo |
| Cargo | Azad University South Tehran Branch - Allameh Tabatabaei University - South Tehran Branch, Islamic Azad University - South Tehran Branch, Islamic Azad University |
| Páginas | 170-187 |
Periódico do Núcleo de Estudos e Pesquisas sobre Gênero e Direito
Centro de Ciências Jurídicas - Universidade Federal da Paraíba
V. 9 - Nº 02 - Ano 2020
ISSN | 2179-7137 | http://periodicos.ufpb.br/ojs2/index.php/ged/index
170
A MODEL FOR IMPLEMENTING MONETARY AND BANKING
POLICIES (CASE STUDY IN IRAN)
Aliaskar Baharloo1
Fatah Sharifzadeh2
Mahnaz Rabiei3
Seyed Ahmad Hosseini Golafshan 4
Abstract: This research has addressed
the pathology of the implementation of
monetary and banking policies in Iran
and identifying the factors affecting the
implementation of these policies in the
banking system. In this research,
concurrent with collecting researches
and studies performed about the factors
affecting the implementation of policies,
by conducting exploratory interviews
with 20 experts in the field of policy-
making and banking and monetary
experts, 36 indicators affecting the
implementation of monetary and
banking policies in Iran were also
identified. Afterwards, in order to fit the
"proposed analytical model of
implementing monetary and banking
policies in Iran", 13 hypotheses were
defined. Then, by selecting appropriate
statistical sample and distributing the
1 Azad University South Tehran Branch. Email: aliaskar_baharloo@yahoo.com
2 Allameh Tabatabaei University. Email: sharifzadeh_f@atu.ac.ir
3 South Tehran Branch, Islamic Azad University. Email: dr_mahnaz_rabiei@azad.ac.ir
4 South Tehran Branch, Islamic Azad University. Email: sa_hosseini@azad.ac.ir
questionnaire among them, the fitness of
the model was investigated. Finally, the
proposed research model for
implementing monetary and banking
policies in Iran was fitted and confirmed,
and out of 13 hypotheses, 2 were rejected
and the rest were confirmed.
Keywords: Public Policy, Policy
Implementation, Monetary Policy,
Banking Policy.
Introduction
Today, the banking network
and monetary institutions have the role
of lubricating oil in order to make the
economic system's movement on the
path to growth and development
smoother. Without the principled
planning, implementing the policies
adopted in the banking system of the
Periódico do Núcleo de Estudos e Pesquisas sobre Gênero e Direito
Centro de Ciências Jurídicas - Universidade Federal da Paraíba
V. 9 - Nº 02 - Ano 2020
ISSN | 2179-7137 | http://periodicos.ufpb.br/ojs2/index.php/ged/index
171
countries will face with serious
problems. (Mojtahed & Hassanzadeh,
2005)
The health of banking network
is affected by the overall environment
governing economic relations and
economic macro policy making, and the
lack of banks health leads to the
expansion of concern to the whole
economy and has consequences for
budget and monetary policies. If
monetary and banking policies,
including monetary policies, executive
regulations, and precautionary
regulations are not properly
implemented, a kind of monetary
irregularity will be formed and the
Financial Services Industry of the
countries will suffer from a crisis.
(Mahdavian, 2013)
The results of recent official
reports indicate the undesirable situation
of banking system in Iran, in a way that
the Researches Center of the Islamic
Consultative Assembly of Iran (2016), in
a report entitled "Bankruptcy Stop in the
Banking System", proposed the capital
adequacy indicator in the topic of
balance sheet stop among the existing
banks in Iran in 2012 as: private banks
had the highest ratio of capital adequacy,
and the lowest capital adequacy ratio has
been related to the private banks in this
year, and the specialized banks had been
after them. However, the bank's capital
has the role of protecting the bank
against the risks; therefore, capital
should be proportional to the bank's
assets ratio.
The Researches Center of the
Islamic Consultative Assembly of Iran
investigated the performance of
monetary and credit policy maker in
Iran", in which a series of monetary
policy damages in Iran, such as the rise
in liquidity growth over the past three
decades due to the lack of proper control
on monetary based, determining bank
interest rates by command inappropriate
with the inflation rate in previous years,
the lack of supervision over
unauthorized financial institutions and
its precautionary rules, and the
impossibility of conducting open market
operations by the central bank of Iran.
The numerous issues of recent
decades in the field of monetary and
banking policies in Iran have led to the
creation of unfavorable conditions. In
this regard, over many years, a set of
monetary and banking policies have
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