Volume 11 (2022)
Volume 10 (2021)
Volume 9 (2020)
Volume 8 (2019)
Volume 7 (2018)
Volume 6 (2017)
Volume 5 (2016)
Volume 4 (2015)
Volume 3 (2014)
Volume 2 (2013)
Volume 1 (2012)
Monetary economics
New Evidence of the Effect of Oil Revenues, Exchange Rates and Money Supply on CPI and PPI: Quantile ARDL Approach

Roozbeh Balounejad Nouri; Amir Ali Farhang

Volume 11, Issue 1 , March 2022


  the relationship between oil revenue, exchange rate, and M2 on the CPI and PPI, over time of 2005:1-2022:1, was investigated in Iran with QARDL method used. The results showed that, in the short run, all the variables had an asymmetric effect on the CPI and the PPI. oil revenues, in the long run, from ...  Read More

Monetary economics
Stock Market Returns in Iran in Three Waves of COVID-19 Pandemic: Evidence of Multiple Breaks Regression

Ali Cheshomi; Fariba Osmani

Volume 10, Issue 2 , December 2021, , Pages 339-364


  Despite the recession in global financial markets, the Tehran stock Exchange experienced significant growth during the COVID-19 outbreak. Therefore, this article tries to solve this puzzle by analyzes the effect of three Coronavirus waves on the total index of Tehran stock Exchange, its sub-indices, ...  Read More

Monetary economics
Fiscal Determinants of Central Bank Credibility: Evidence on Inflation- Targeting Economies

Elham Kamal; Vahid Taghinejadomran

Volume 10, Issue 2 , December 2021, , Pages 441-472


  This paper studies the main fiscal determinants of central bank credibility (CBC) from 1990 to 2014. Covering 25 inflation-targeting (IT) economies, we mainly focus on sovereign debt holders and fiscal rules since adopting the IT framework. As the CBC indicator is highly concentrated in the right tail ...  Read More

Monetary economics
Analysis of the Effect of Central Bank Transparency and Independence on Productivity Growth in Iran

Nasrin Mansouri; Behrouz Sadeghi Amroabadi

Volume 10, Issue 2 , December 2021, , Pages 489-511


  This study has investigated the effect of Central Banks transparency and independence on productivity growth during 1981–2018 in Iranian economy. Transparency and independence of central bank were measured by Dincer and Eichengreen index and Cukierman index respectively. The variables in this study ...  Read More

Monetary economics
Equilibrium Features of Imperfect Competition in the Deposit Market of Banking Sector

Mohammad Feghhi Kashani; Majid Omidi

Volume 10, Issue 1 , March 2021, , Pages 147-171


  This paper is an endeavor towards investigating the potential role of deposit market structure as a distinct channel for (monetary, fiscal, and regulatory) policy transmission mechanism. In doing so, we have developed the core idea in a rational expectation partial equilibrium setup incorporating the ...  Read More

Monetary economics
Measuring Basel Credit Gap in Iran: Assessing Implications in Banking Supervision and Crises Prediction

Ali Afzali; Ali Taiebnia; Mohsen Mehrara

Volume 10, Issue 1 , March 2021, , Pages 173-191


  Credit is the basis for financing and stimulating investments. However, excess credit can be the source of systemic risks and financial crises. In this paper, using Iran’s credit data from 2000 to 2019, the Basel credit gap was calculated as a recommended indicator for measuring excessive credit. ...  Read More

Monetary economics
Is the Presence of Women on the Branch Credit Committee Important? Evidence from an Iranian Private Bank

Esmaeil Jafarimehr; bahram sahabi; Hassan Heydari

Volume 10, Issue 1 , March 2021, , Pages 245-264


  Recent financial literature argues that there are gender differences between men and women, impacting financial decision making and performance. This paper, using data related to micro-loans of an Iranian private (commercial) bank between 2012 and 2018, investigates the effects of the characteristics ...  Read More

Monetary economics
What is the Reaction of Iranian Listed Banks to the Implementation of Liquidity Requirements?

Vahideh Sotoudeh Mollashahi; Mohammad Talebi; Mohammad Ali Rastegar; Ramin Mojab

Volume 9, Issue 1 , March 2020, , Pages 147-180


  After the financial crisis of 2007-2009, in which liquidity problems led to insolvency and consequently the bankruptcy of many large banks and financial institutions such as Lehman Brothers, Basel Committee on Banking Supervision introduced liquidity requirements for the most part to reduce the possibility ...  Read More

Monetary economics
Optimal Monetary Policy in a Dual Exchange Rate Regime

Abdulhamid Khosravi; Hossein Marzban; Jaafar Ghaderi; Parviz Rostamzadeh

Volume 9, Issue 1 , March 2020, , Pages 293-317


  In this study, we design a structural macro model for Iran economy in which there is a dual exchange rate regime, namely, official (fixed) and unofficial (floated) rates. The official rate determined by the central bank whereas unofficial rate set in the free market. The structural parameters of the ...  Read More