سعر صرف الدينار العراقي بين الأدوات المستحدثة في السياسة النقدية و المالية : دراسة قياسية باستخدام نموذج (VAR)‎

Abstract EN

This study examined the relationship between the purchases and sales of the dollar tools against the exchange rate of the Iraqi dinar, based on the daily data during the period(3/10/2013 -31 / 12/2015).

the study problem stemmed from the fact that fiscal and monetary policy in Iraq adopted the purchasing and sales of the dollar tools, which led to instability of exchange rate due to lack of adequate planning that may face any of these two tools.

the study assumed that the purchases and sales of the dollar had a significant impact on the stability of the Iraqi dinar exchange rate.

this effect varies from one tool to another using the var model.

the study results indicated that the purchasing and sales tools are stable at the original level of the data; while the causality test showed that there is a two-way causality between the exchange rate of the Iraqi dinar and the purchasing and sales tools.

moreover, the auto-regressive vector results indicated that changes in the purchasing and sales tools of the dollar amount affect, in varying degrees, many trends on the exchange rate from day to day.