Role of financial stability in achieving sustainable economic development with reference to the Iraq experience for the period 2010-2016
Joint Authors
Atiyyah, Ahmad Subayh
al-Duri, Suud Aziz
Source
Al Kut Journal of Economic and Administrative Sciences
Issue
Vol. 2019, Issue 31 (31 Mar. 2019), pp.116-133, 18 p.
Publisher
University of Wasit College of Administration and Economics
Publication Date
2019-03-31
Country of Publication
Iraq
No. of Pages
18
Main Subjects
Topics
- Banks
- Sustainable development
- Financial crises
- Natural resources
- Economic development
- Financial institutions
- Economic policy
- Activities
- Economic resources
- Investments
- Capital
- Savings
- Fiscal stability
- Economic activities
- Strategic aspects
Abstract EN
In view of the search for a variety of sources in order to finance comprehensive economic development, as natural resources are destined to disappear, and for the continuous development and fair distribution of wealth for the generations to come, financial stability and successive periods of time have become a fundamental and strategic objective.
In the context of economic policies, the purpose of financial stability may go beyond the simple concept, which is intended not to occur financial crises, As the new concept represents a further dimension in achieving the efficiency and distribution of economic resources as well as efficiency in lending and borrowing, investment and saving operations, providing liquidity, accumulation of wealth, fixing prices and reducing the impact of financial crises if they occurred.
In view of Iraq's experience, it was found that the Iraqi financial sector did not affect the process Sustainable economic development but not very limited, This is attributed to the total dependence on oil imports and the weak contribution of financial projects in economic activity, as well as the decline in the number of banks and their branches and financial institutions, as well as low turnout on the banking sector of consumers, and the dominance of government banks on the financial sector in addition to the ence of private banks or lack of role in The economic activity In view of the search for a variety of sources in order to finance comprehensive economic development, as natural resources are destined to disappear, and for the continuous development and fair distribution of wealth for the generations to come, financial stability and successive periods of time have become a fundamental and strategic objective.
In the context of economic policies, the purpose of financial stability may go beyond the simple concept, which is intended not to occur financial crises, As the new concept represents a further dimension in achieving the efficiency and distribution of economic resources as well as efficiency in lending and borrowing, investment and saving operations, providing liquidity, accumulation of wealth, fixing prices and reducing the impact of financial crises if they occurred.
In view of Iraq's experience, it was found that the Iraqi financial sector did not affect the process Sustainable economic development but not very limited, This is attributed to the total dependence on oil imports and the weak contribution of financial projects in economic activity, as well as the decline in the number of banks and their branches and financial institutions, as well as low turnout on the banking sector of consumers, and the dominance of government banks on the financial sector in addition to the ence of private banks or lack of role in The economic activity.
American Psychological Association (APA)
Atiyyah, Ahmad Subayh& al-Duri, Suud Aziz. 2019. Role of financial stability in achieving sustainable economic development with reference to the Iraq experience for the period 2010-2016. Al Kut Journal of Economic and Administrative Sciences،Vol. 2019, no. 31, pp.116-133.
https://search.emarefa.net/detail/BIM-1206705
Modern Language Association (MLA)
Atiyyah, Ahmad Subayh& al-Duri, Suud Aziz. Role of financial stability in achieving sustainable economic development with reference to the Iraq experience for the period 2010-2016. Al Kut Journal of Economic and Administrative Sciences No. 31 (2019), pp.116-133.
https://search.emarefa.net/detail/BIM-1206705
American Medical Association (AMA)
Atiyyah, Ahmad Subayh& al-Duri, Suud Aziz. Role of financial stability in achieving sustainable economic development with reference to the Iraq experience for the period 2010-2016. Al Kut Journal of Economic and Administrative Sciences. 2019. Vol. 2019, no. 31, pp.116-133.
https://search.emarefa.net/detail/BIM-1206705
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1206705