فاعلية السياسة النقدية في ظل داخلية عرض النقود في العراق للمدة (2004-2016)‎

Abstract EN

This research aims to demonstrate the relationship between the internal nature ofmoney supply and the effectiveness of monetary policy in Iraq for the period (2004-2016), and the nature of the causal relationships between money supply, realeconomic indicators, monetary and financial, and to limit the impact of moneysupply fluctuations as an internal variable in achieving the objectives of monetaryand economic policy In economic and monetary stability, ensure the stability of thefinancial system and stimulate economic growth.

The results of the researchconcluded that the economic openness in Iraq after 2003 as a result of the end of theeconomic sanctions imposed a new situation in the management of monetary policyin line with the acceptance of the hypothesis that "the role of monetary policy is lesseffective when the money supply is internal variable", the nature of The moneysupply resulting from the public spending method based on the swap of the CBEliabilities of the local currency issued for public financial assets of foreign exchangegenerated by oil exports, has created a close link between the expansion ofgovernment spending and the high growth rates of money supply (the tunnel).

General cause money supply), which made the money supply variable internally inIraq, subject to the factors of government demand for money.

Revenues andexpenditures have become the main variables that affect the components of moneysupply,