Monetary Policy and Its Role in Economic Development: Iraq as a Model
DOI:
https://doi.org/10.61841/j9kkmk89Keywords:
Monetary PolicY, Role in Economic Development, Iraq as a ModelAbstract
Monetary policy is an important macroeconomic policy that plays an important and effective role in regulating the money supply and controlling cash liquidity and credit. Through this important role, monetary authorities represented by the central bank as the highest monetary authority can achieve specific vital goals according to priorities which determined by the problem that the economy suffers from. The monetary policy in Iraq has not witnessed a significant improvement in its required role, as this is due to the difficult conditions that Iraq has gone through at the political and economic levels. It has contributed to weakening its role in achieving economic stability in Iraq. However, the change of the political system in April 2003 and the ensuing years and the Central Bank's obtaining independence under the Law 56 of 2004 made monetary policy an important tool in influencing the Iraqi economy in a new way that is completely different from the previous, thus the central bank was able to adopt this policy to reach to the economic goals which have an important role in influencing the economy and then the society. It is important to mention that monetary policy is an important and effective policy in achieving economic development which cannot be overlooked in setting the required economic plan, as this does not mean that it has the full capacity to do so because it is part of the overall the collective economic policies that work to achieve the goal that the economic policy planners and seek in the country, as it is the economic stability, so this needs an economic vision and philosophy in which monetary policy plays a major role.
Downloads
References
1- Dr. Osama Mohamed El-Fouly, Dr. Zeinab Awadallah, Economics of Money and Finance, New University House, Alexandria (Egypt), 2005.
2- Dr. Eman Atia Nassef, Principles of Macroeconomics, New University House, Al Iskandia (Egypt), 2007.
3- Barry Spiegel, Money, Banking and Economics from the Criticism Point of View, translated by Dr. Taha Abdullah Mansour, Dr. Abdel-Fattah Abdel-Rahman Abdel-Majid, Maryam Publishing House, Riyadh, 1986
4- Jamal Khreis, Ayman Abu Khudair, Emad Khasawneh, Money and Banking, First Edition, Al-Maisarah Publishing House, Amman (Jordan), 2002.
5- Dr. Jalal Abdul-Razzaq Mahdi and others, The Economy, Seventeenth Edition, Asawir Press, Baghdad, 2011.
6- Dr. Hafiz Shuaili Amr, Money, Banking, and Foreign Transfer Operations, Al-Fateh University Publications, Tripoli, 2007.
7- Dr. Khamis Khalaf Musa Al-Fahdawi, Dr. Mazen Issa Al-Sheikh Radi, Economic Development, Books and Documentation House, Baghdad, 2000.
8- Dr. Awad Fadel Ismail Al-Dulaimi, Money and Banking, Dar Al-Hekma for Printing and Publishing, Mosul, 1990.
9- Dr. Amr Mohieldin, Economic Development and Planning, Arab Renaissance House, Beirut, 1972.
10- Dr. Falih Hassan Khalaf, Development and Economic Planning, First Edition, World of Modern Books, Irbid (Jordan), 2006
11- Dr. Falih Hassan Khalaf, Economic Development, Al-Irshad Press, Baghdad, 1988.
12- Dr. Falih Hassan Khalaf, Macroeconomics, Modern Book World, Irbid (Jordan), 2007.
13- Dr. Kamel Allawi Kazem, Dr. Hassan Latif Al-Zubaidi, Principles of Economics, Third Edition, 2011.
14- Mustafa Rushdi Shiha, Monetary and Banking Economics, University House, Beirut, 1981.
15- Dr. Mahmoud Hussein Al-Wadi, Dr. Kazem Jasim Al-Issawi, Macroeconomics, Dar Al-Maysara, Amman (Jordan), 2007.
16- Dr. Dawud Yunus Yahya, Critical Theory, Dar Al-Kutub for Printing and Publishing, University of Mosul, 2007.
17- Dr. Yahya Ghani Al-Najjar, d. Amal Abdul Amir Shalash, Economic Development, Dar Al-Kutub Publishing, Mosul University, 1991.
B- Messages and Thesis:
1- Iyad Kazem Hassoun, The problem of external indebtedness for selected Arab countries with a special reference to Iraq for the period (1987-2004), Master Thesis, College of Administration and Economics, University of Kufa, 2007.
2- Hassan Shaker Al-Shammari, Effectiveness of Financial and Monetary Policies and Future Trends in the Iraqi Economy, Master Thesis, College of Administration and Economics, University of Kufa, 2006.
3- Daoud Salloum Abdel-Hussein Al-Khazraji, privatization in developing countries between the requirements of development and the motives for foreign investment with a special reference to Iraq, PhD thesis, College of Administration and Economics, University of Kufa. 2008.
4- Omar Humaid Majeed Al-Ezzi, Exploring the Future of Agricultural Development in Iraq in light of the Global Food Crisis, Master Thesis, College of Administration and Economics, University of Baghdad, 2010.
5- Abbas Yahya Khadr Al-Mandalawi, The Monetary Policy Capabilities in Encouraging Domestic Investment in Iraq for the Period (1980 - 2003). Master Thesis, College of Administration and Economics, University of Baghdad, 2004.
6- Mustafa Shaalan Abu Shana Al-Shibli, the global financial crisis and its repercussions on Arab economies, Iraq and Egypt, two cases of study, Master Thesis, College of Administration and Economics, University of Kufa, 2010.
7- Malath Majeed Banana, the slowdown of monetary policy and its implications for economic activity; Selected Countries Experiences, Master Thesis, College of Administration and Economics, Al-Mustansiriya University, 2010.
C- Periodicals- :
1- Dr. Abbas Jabbar Al-Shara, Oil and the Political Dimension, Journal of Economic Sciences and Fifth Volume, No. 20, University of Basra, 2008.
2- Dr. Thoraya Al-Khazraji, Monetary Policy in Iraq Between Accumulations of the Past and Future Challenges, Baghdad College Journal for University Economic Sciences, No. 23, 2010.
D- Reports:
1- Ministry of Planning, National Development Report 2010-2014, Baghdad, 2009.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
