Volume 29 (2024)
Volume 28 (2023)
Volume 27 (2022)
Volume 26 (2021)
Volume 25 (2020)
Volume 24 (2019)
Volume 23 (2018)
Volume 22 (2017)
Volume 21 (2016)
Volume 20 (2015)
Volume 19 (2014)
Volume 18 (2013)
Volume 17 (2012)
Volume 16 (2011)
Volume 15 (2010)
Volume 14 (2010)
Volume 13 (2009)
Volume 12 (2008)
Volume 11 (2008)
Volume 10 (2008)
Volume 9 (2007)
Volume 8 (2006)
Volume 7 (2005)
Volume 6 (2004)
Volume 5 (2003)
Volume 4 (2002)
Volume 3 (2001)
Volume 2 (2000)
Volume 1 (1995)
Monetary economy
Macroeconomic Analysis of RamzRial: A DSGE Approach

Hossein Esfandiar; teymoor mohammadi

Articles in Press, Accepted Manuscript, Available Online from 06 March 2024

https://doi.org/10.22054/ijer.2024.74533.1198

Abstract
  Thanks to Blockchain technology the future of banking can take place without intermediaries (especially banks), and in this regard, Central Bank Digital Currency (CBDCs) and stablecoins of BigTechs are mentioned as the main competitors of the new monetary era. Based on this fact and in parallel with ...  Read More

Monetary economy
Endogenous or exogenous money? Evaluating the endogeneity of money supply in Iran by the post-Keynesian approach and the state-space method based on control function

zahra bigdeli shamloo; Abbas Shakeri; Teymur Mohamadi; Syrous Omidvar

Articles in Press, Accepted Manuscript, Available Online from 10 November 2024

https://doi.org/10.22054/ijer.2024.79815.1280

Abstract
  The main purpose of this study is to analyze the nature of the money creation process by examining the approaches related to this process in Iran. The two main views regarding the money creation process are the endogenous and exogenous money approaches. The endogeneity of money means that the money supply ...  Read More

Monetary economy
The Components of Requirements of Central Bank Independence in Iran’s Economy: With an Emphasis on Government Structure

Rana Abbasgholi Nezhad Asbaghi; Hosein Samsami

Volume 29, Issue 100 , October 2024, , Pages 72-114

https://doi.org/10.22054/ijer.2024.81752.1310

Abstract
  Some monetary policymakers attribute the persistent high inflation in Iran’s economy solely to the lack of central bank independence, arguing that granting the central bank autonomy is necessary to reduce inflation. However, empirical studies reveal that central bank independence faces significant ...  Read More

Monetary economy
Investigating the Performance of Iran’s Monetary Policy Transmission Mechanisms Under Uncertainty Conditions

Reza Alaei; Ahmad Salahmanesh

Volume 29, Issue 99 , July 2024, , Pages 127-165

https://doi.org/10.22054/ijer.2024.77551.1253

Abstract
  AbstractThe present study examined the effect of uncertainty on specific monetary policy transmission mechanisms in Iran from the first quarter of 1990 to the fourth quarter of 2022. First, the three variables representing the Central Bank’s policy instruments were considered, namely monetary base ...  Read More

Monetary economy
Implementation of Credit Easing Policy to Settle the Government Debt to Contractors: A Stock-Flow Consistent Approach

Mohammad Mahdi Asgari Dehabadi; Ali Nassiri Aghdam; Hossein Doroodian; Parisa Mohajeri

Volume 29, Issue 98 , April 2024, , Pages 5-53

https://doi.org/10.22054/ijer.2023.71678.1162

Abstract
  Iran’s economy has encountered significant challenges in recent years, with the government debt to contractors emerging as one of the most urgent issues. This situation has negatively impacted Iran’s monetary and banking system, leading to several adverse consequences such as increased funding ...  Read More

Monetary economy
Financial Shocks and Their Impact on Macroeconomic Variables: A Threshold VAR Analysis

Sosan Etemadinia; Kiumars Shahbazi; Khadijeh Hassanzadeh

Volume 29, Issue 98 , April 2024, , Pages 234-269

https://doi.org/10.22054/ijer.2024.76738.1231

Abstract
  Financial instability causes uncertainty and a lack of transparency in the market and decision-making processes, ultimately leading to reduced investment and economic growth. Additionally, economic shocks alter investors’ expectations. This study relied on the seasonal data from 1991/3 to 2021/6 ...  Read More

Monetary economy
A Comparative Evaluation of the Effect of Financial Frictions on the Transmission Mechanism of Monetary Policy with an Emphasis on the Endogeneity of Money on Iran’s Economy

Hossein Samsami; Parviz Davoodi; Rana Abbasgholi Nezhad Asbaghi

Volume 28, Issue 96 , October 2023, , Pages 207-252

https://doi.org/10.22054/ijer.2023.76169.1224

Abstract
  One of the factors that change the results of the expansionary monetary policy through the credit channel on the economy is the financial frictions that affected Iran's economy especially in the 2002’s and 2022’s. These frictions are manifested in variables such as capital adequacy violations, ...  Read More

Monetary economy
Nature of the Inflation in Iranian Economy: Wavelet Coherence Approach

Abbas Shakeri; Elnaz Bagherpour Oskouie

Volume 28, Issue 94 , April 2023, , Pages 47-79

https://doi.org/10.22054/ijer.2022.63350.1036

Abstract
  High and continuous inflation in Iran's economy as a structural dilemma has adverse economic, political, and cultural outcomes, and to control the inflation, policymakers should employ appropriate and well-timed policies concuring to the economic structures of the country. Hence, this study points to ...  Read More

Monetary economy
Central Bank Credibility and its Effect on Interest Rate with an Emphasis on Fiscal and Institutional Factors

Elham Kamal; Vahid Taghinezhadomran

Volume 28, Issue 94 , April 2023, , Pages 81-126

https://doi.org/10.22054/ijer.2023.66803.1080

Abstract
  This paper studies the effect of central bank credibility (CBC) on interest rate from the perspective of fiscal and institutional factors, using a credibility loss index. As some central banks are not successful in channeling the actual inflation towards the announced targets, it seems necessary to investigate ...  Read More

Monetary economy
The Determinants of Banking Crisis Losses

Seyed Saleh Akbar Mousavi; Behzad Salmani

Volume 27, Issue 92 , October 2022, , Pages 9-43

https://doi.org/10.22054/ijer.2022.63191.1032

Abstract
  The main purpose of this study is to identify the determinants of banking crisis losses for 49 sample countries over the period 1980-2019. In this regard, two sub-purposes are pursued. In the first preliminary step, we identify and date episodes of banking crises for 49 countries. The graphical analysis ...  Read More

Monetary economy
The Effectiveness of Monetary Policy during Business Cycles Using Components of Producer and Consumer Price Indices

Hooman Karami Khoramabadi; Alireza Erfani; Hosein Tavakolian

Volume 27, Issue 92 , October 2022, , Pages 45-75

https://doi.org/10.22054/ijer.2021.58692.942

Abstract
  This paper investigates the effectiveness of monetary policy in recession and expansion periods of business cycles in Iran. It uses the distribution of price changes over time using micro-data of producer and consumer price indices from March 2004 to March 2007 and March 1990 to March 2017. Results show ...  Read More

Monetary economy
Infrastructural Factors for Managing Anti-Money Laundering Challenges in the Iran Banking System and a Model based on International Guidelines

Hoseinali Haghi; Mohammadreza Bagherzade; Mojtaba Tabari; Zabihollah Gholami Rudi

Volume 26, Issue 89 , February 2022, , Pages 197-236

https://doi.org/10.22054/ijer.2021.60686.976

Abstract
  The necessity to create stable and transparent economic conditions has made combating money laundering a universal policy on the agenda of parliaments and governments by all countries. This is currently the specific issue of the Iran monetary and banking system. In this regard, the infrastructural approach ...  Read More

Monetary economy
Estimating Probability of Banking Crisis using 2nd Generation Early Warning Systems: An Intercountry Study

Seyed Saleh Akbar Mousavi; Behzad Salmani; Jafar Haghighat; Hossein Asgharpour

Volume 26, Issue 88 , October 2021, , Pages 9-43

https://doi.org/10.22054/ijer.2021.58148.935

Abstract
  The main purpose of this study is to estimate the probability of banking crisis using the second generation of early warning systems (logit models), for 13 selected high-middle income countries over the period of 1980-2016. In this regard, two types of logit models; binomial and multinomial, are estimated. ...  Read More

Monetary economy
Empirical and Theoretical Evidence of Moral Hazard in the Iranian Banking System

Mahshid Shahchera

Volume 26, Issue 87 , July 2021, , Pages 111-133

https://doi.org/10.22054/ijer.2020.53953.891

Abstract
  Since moral hazard in behaviors of banking system may jeopardize efficiency of debt mechanisms to fund rising, it is important to examine the empirical and theoretical evidences of moral hazard in the Iranian banking system. Risky behavior of banking system is caused by the asymmetric information problems ...  Read More

Monetary economy
Impact of Residual Factor and Institutional Quality on Potential Inflation

Abolfazl Shahabadi; Razieh Davarikish; Mahdi Jafari

Volume 26, Issue 86 , April 2021, , Pages 214-241

https://doi.org/10.22054/ijer.2021.40917.739

Abstract
  The significant difference between the growth rate of liquidity and the rate of economic growth creates a kind of inflationary potential in the economy. Part of this difference occurs as overt inflation, but the other part will remain latently as potential inflation in the economy. Potential inflation ...  Read More

Monetary economy
The Impact of Nominal Foreign Exchange Rate Fluctuations and Business Cycles on Nonperforming Loans with an Emphasis on Regime Changes and Time-Scale

Soheil Roudari; Masoud Homayounifar; Mostafa Salimifar

Volume 25, Issue 85 , February 2021, , Pages 35-64

https://doi.org/10.22054/ijer.2020.45154.779

Abstract
  In this research, the role of nominal exchange rate volatility and business cycles on the banking nonperforming loans was investigated by using Markov-Switching model during 2005-2018 using seasonal data. Business cycles were extracted from GDP by using the Hodrick Prescott filter. Also, the wavelet ...  Read More