تأثير مخاطرت أسعار الصرف و التضخم في الاستثمارات المالية المحلية : دراسة تحليلية في سوق العراق للأوراق المالية

الملخص EN

The current study aims to identify and analyze the nature of market risks represented by (the impact of exchange rate and inflation risks on local financial investments) as well as to indicate the extent to which these risks affect local financial investments in light of a complex environment characterized by a large number of financial crises whose effects are not limited to the market specific financial markets, but goes beyond it to other financial markets.

In order to prove the hypotheses of the study, the Iraqi Stock Exchange was chosen to be a field for testing these hypotheses.

The study dealt with a period of time of (14) years that extended between the years (2007-2020), a period of time that was awash with major financial and economic crises such as the mortgage crisis in (2008), The oil crisis in (2014), and the current crisis known as the Corona pandemic crisis, which appeared at the end of the year (2019) And its negative effects continue to this day.

To achieve the objectives of the study, market risk indicators (exchange rate risks, inflation risks) were measured and evaluated, as well as indicators of local investments in the study sample market, represented by (b) the number of local traded shares, the value of local traded shares, the number of local deals The influence relationships between market risk indicators and local investment indicators were also analyzed.

The study reached a set of conclusions, most notably those that showed that there are weak influence relationships for the risks of exchange rates and inflation in the indicators of local investments.