السياسة النقدية و أثرها في السيولة المصرفية في العراق للمدة (2005-2018)‎

Abstract EN

The research aims to clarify monetary policy and the nature of its work, to identify commercial banks and bank liquidity, and to refer to the most prominent monetary policy tools used by the monetary authority to achieve its objectives.

While the applied side of the research shows the effect of monetary policy through its indirect tools on liquidity at commercial banks operating in Iraq, depending on the deductive approach and the quantitative method represented, the Autoregressive Distributed Lag Model {ARDL}) was used to estimate The relationship between indirect monetary policy tools and the liquidity of commercial banks in the short and long terms through the statistical program (Eviews 10).

The most important conclusions reached by the researcher were represented in the existence of a long-term inverse relationship between the discount rate and liquidity at commercial banks, and a short and long-term inverse moral relationship between the legal cash reserve and liquidity at commercial banks, while he reached the existence of a long-term positive relationship between operations The open market and liquidity in commercial banks are all consistent with the logic of economic theory.

The research concluded with a set of recommendations, including: The need to conduct studies to assess the impact of macroeconomic policies on economic variables, because this helps to know the success of policies from their failure.