The Relationship Between the Facility Interest Rate and Three Main Variable of the Money Market In Iran (۱۹۸۶-۲۰۱۷)
- سال انتشار: 1398
- محل انتشار: فصلنامه پیشرفتهایی در ریاضیات مالی و کاربردها، دوره: 4، شماره: 3
- کد COI اختصاصی: JR_AMFA-4-3_002
- زبان مقاله: انگلیسی
- تعداد مشاهده: 154
نویسندگان
Department of Economic, Razi University, Kermanshah, Iran
Department of Economic, Razi University, Kermanshah, Iran
Department of Economic, Razi University, Kermanshah, Iran
چکیده
The bank interest rate is one of the most important macroeconomic variable in each country economic. The purpose of this paper is find the relationship between the facility interest rate and three main variable of the money market.In Iran. this issue for equations the interest rate facility, the interest rate of deposit, inflation and credit risk utilizing the model simultaneous equation system and method three-stage least squares estimated. Results show that in this ۳۲ year period the interest rate of the facility whit the interest rate on deposits is one of the most important macro- banking variable has a positive and significant relationship. So that with an increase in interest rate on deposits, the interest rate of facility also increases. It was also determined the interest rate of facility with inflation has a negative and significate relationship. This expresses with increasing inflation, the facility interest rate decreases. Because in Iran the rate of interest determined as an order, this result is not expected. The interest rate of facility and and credit risk have a positive and significant relationship, which represents it when the interest rate of facility increases, likelihood of non payment increased by borrowers. Also, inflation rate with liquidity and exchange rate has a positive relationship which is consistent reality.کلیدواژه ها
Facility Interest Rate, Macroeconomic variable of Iran, Three stage least squar, Iranاطلاعات بیشتر در مورد COI
COI مخفف عبارت CIVILICA Object Identifier به معنی شناسه سیویلیکا برای اسناد است. COI کدی است که مطابق محل انتشار، به مقالات کنفرانسها و ژورنالهای داخل کشور به هنگام نمایه سازی بر روی پایگاه استنادی سیویلیکا اختصاص می یابد.
کد COI به مفهوم کد ملی اسناد نمایه شده در سیویلیکا است و کدی یکتا و ثابت است و به همین دلیل همواره قابلیت استناد و پیگیری دارد.