أثر المتغيرات النقدية على أسعار أسهم قطاع المصارف باستخدام الانحدار المتعدد (التوقفات)‎ للمدة 2005-2019

Abstract EN

The study aims to analyze the impact of oil price shocks on the monetary variables and then on the prices of the shares of sectors that make up the Iraq Stock Exchange as well as measuring and analyzing the relationship between the monetary variables and the prices of stocks via employing the multiple linear regression method during the study period.

(2005-2019.

) The study concludes that the policy price inversely effects on (banking sector), in the Iraq Stock Exchange, which means that The effect of the policy price on the prices of stock is indirectly through the consumption capacity of citizens, which is affected by interest rates within the country.

moreover, the rising of interest price by the central bank increases the financial cost and threaten the investors with disability to wipe off which probably lead them to sell the stocks in order to pay the debits of the financial brokerage firms or the banks which causes a reduction in the prices of the stocks.

The most important recommendations of the study are the concern in varying the Iraqi economic structure so as to avoid the impacts of the shocks that to which the Iraqi economic may expose as a result of its relying on oil as fundamental source to public budget financing of the state through constructing crutches of a real economy consisted of utilitarian financial productive base.