The Role of Monetary Policy in Achieving Financial Maturity

Al-Hafidh, Zainab; Al-Jwejatee, Aws F.

doi:10.33899/tanra.2023.142662.1330

	The Role of Monetary Policy in Achieving Financial Maturity
TANMIYAT AL-RAFIDAIN
Volume 43, Issue 142, June 2024, Pages 31-49 PDF (1.62 M)
Document Type: Research Paper
DOI: 10.33899/tanra.2023.142662.1330
Authors
Zainab Al-Hafidh^* ¹; Aws F. Al-Jwejatee²
¹2Department of Economics, College of Administration and Economics, University of Mosul, Mosul, Iraq
²Department of Economics, College of Administration and Economics, University of Mosul, Mosul, Iraq
Abstract
The research mainly aims to study the relationship between the quantitative tools of monetary policy and financial maturity in Iraq. monetary policy during the study period, and the researcher relied on the use of two approaches in the research, the first includes a theoretical and reference presentation of the relationships between the variables of monetary policy and the indicator of financial maturity in addition to the reference studies of the research, and the second depends on the standard quantitative analysis of the variables of monetary policy and financial maturity, by building The model for the study, and then measuring and determining the functional relationships between the variables of the model, and conducting tests for the model based on the autoregressive distributed time gaps (ARDL) model for the time series, using the (Eviews 12) software package. The study reached a set of results, the most important of which is that there is a long-term balanced relationship between the variables of monetary policy and the indicator of financial maturity, as well as the existence of significant relationships between the variables of monetary policy and financial maturity.
Keywords
: monetary policy; financial maturity (financial development); ARDL methodology

Statistics Article View: 30 PDF Download: 36