السياسة النقدية غير التقليدية ودورها في التعافي من الازمات المالية عبر الاستقرار المصرفي .

Rp-Thesis title : Unconventional monetary policy and its role in recovering from financial crises through banking stability with reference to Iraq ..pdf

The current research aims to shed light on the indicators of correlation and impact between the indicators of non-traditional monetary policy tools represented by the variables (term guidance and credit facilitation) on the indicators of recovery from the financial crises of the research sample countries (the United States of America, Japan, and the United Kingdom) represented by the variables (output). GDP, net base income) through quantitative analysis of time series data for successive years (2006 – 2021) on the one hand, and with the presence of banking stability indicators as intermediate-impact indicators represented by the variables (term guidance, credit facilitation) on the other hand. The analysis methods resulted in a number of results, the most important of which was the moral importance of the estimation results and the significance tests for correlation and direct effect coefficients of non-traditional monetary policy tools on indicators of recovery from crises between the forward guidance index on the profitability index, the credit facilitation index on the profitability index, and the credit facilitation index. With the gross domestic product index.
The results of the quantitative analysis also recorded weak importance of the results of estimates and tests of significance for correlations and coefficients of the direct impact of unconventional monetary policy tools on indicators of recovery from crises, in the presence of banking stability indicators with non-significant significance between both capital adequacy by averaging the forward guidance on the net income index. Basis and profitability by averaging forward guidance on the baseline net income index and capital adequacy by averaging credit management on the baseline net income index. A set of statistical methods were used in order to make the decision on rejecting or accepting the hypotheses of the study sample, including estimating the outputs of a simple linear regression model to test the impact and correlation relationships between the variables of the study. Among them was the Pearson model to test the correlation relationships between these variables, while dealing with the F test for transmission.
The relationship was significant from a statistical standpoint. A simple regression model was also used to test these relationships, with the F test being used to determine the significance of the relationship from a statistical standpoint. The SPSS – V23 program was used to analyze the data.
In light of the findings of the research, a set of recommendations were reached, the most important of which were: the necessity of following unconventional monetary policy tools, especially the forward guidance tool regarding future interest rates, due to its direct impact on the profitability index, based on the results of estimates and tests of the significance of correlations and coefficients of the direct impact of the tools.
Unconventional monetary policy with indicators of recovery from crises. In light of the findings of the research, a set of recommendations were reached, the most important of which were: – The necessity of following unconventional monetary policy tools, especially the forward guidance tool regarding future interest rates, due to its direct impact on the profitability index, based on the results of estimates and tests of the significance of correlations and direct impact coefficients. Unconventional monetary policy tools with indicators of recovery from crises. The study recommends submitting appropriate proposals to the financial and banking sector regarding the requirements for applying non-traditional monetary policy tools because these tools are a response to multiple financial crises.