the impact of real money supply on the nonperforming loans (case of iran)

سال انتشار: 1395
محل انتشار: ببیست و ششمین کنفرانس سالانه سیاست‌های پولی و ارزی
کد COI اختصاصی: ACMFEP26_025
زبان مقاله: انگلیسی
تعداد مشاهده: 480

نویسندگان

economist in banking department, monetary and banking research institute of the central bank of iran,

economist in money and foreing exchange department, monetary and banking research instiute of the central bank of iran

چکیده

financal statements of nineteen matured banks have been patronizad in this paper to provide a quantile and panel date regression estimations to examine the impact of real money supply on the NPLs ration in tho iranian banking network. The impact of money supply on credit risk is staistically estimated for banking network via two directions. first, different quantiles are econmetrically calcualted, asesed and compared durig 2007-12. second, the panel data estimation is utilizaed in the same period. results indicate that the impact of real money supply on the banks NPLs in 25% , 50% and 75% of episodes are positive and significant. the coefficeints of the other variables including the ratio of bank loans to total deposite, banks. lonas total ratio, as well as constant GDP would be positively signifcant as well. the real interest rate has negatively - significantly driven NPLs. the banks NOLs are generally exacerbated by the impacti of higher real money supply given other conditions which is disproportionally minaly because of the inflationary transmission over the long run negative real interest rate in the money market and positive real retur in the assets market.

کلیدواژه ها

nonperforming loans, real money supply quntile regression, panel data

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