Analysis of the Impact of Monetary Policy Trends on the Components of the Balance Sheet of the Central Bank of Iraq for the Period (2003-2017)

• Post by: Muthanna mjdes
• November 8, 2022
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Iftikhar Mohammed Mnahi AL-Rufaye ^*

AL Iraqia University/ Administration & Economic College.

Abstract

The Central Bank of Iraq, represented by the monetary authority after the change in 2003, took a set of measures to implement its monetary policy in line with the principles and priorities of the transition to a market economy, and for the lack of such principles and priorities in the Iraqi economy, This has led these trends (measures) to move away from achieving the goals that the monetary authority seeks. The research aims to clarify the trends and decisions of the monetary authority after the change in 2003. And the evolution of the components of the balance sheet of the Central Bank of Iraq for the period (2004-2017), as well as to clarify the effects that the trends and decisions of the monetary authority have on the components of the balance sheet of the Central Bank of Iraq. The research is based on the hypothesis that the trends and decisions of monetary policy to manage the Iraqi economy after the change in 2003 are unclear, affecting the components of the central bank’s balance sheet. The quantitative method was used in the analysis based on the program (Spss No 23).The most important findings are that monetary policy trends and decisions have no significant moral impact on domestic assets (DA), while they have a significant impact on foreign assets (FA) and monetary basis (MB).

DOI:10.52113/6/2020-10-4/262-274