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:: year 3, Issue 7 (spring 2011) ::
JMBR 2011, 3(7): 169-202 Back to browse issues page
The Credit Channel of Monetary Policy Transmission in the Iranian Economy
Ebrahim Rezaei *1, Zahra Jalili
Abstract:   (4152 Views)

 In recent years، some phenomena which had been taken place in the world show that financial markets، specially banking sector performance، had a vital role on these economies and their business cycles. With regard to that point، using some banking sector variables and indices، this paper investigates the existence of the credit channel transmission of monetary policy during 2001-2009. To estimate this purpose، we applied GMM method and other specification tests. Our results show that in Iran’s Banking system، there is some evidence of the existence of a credit channel، but there is no strong evidence about the presence of transmission of monetary policy through interest rate.

JEL Classification: C33, E44, E52, G21

Keywords: Monetary Policy, Credit Channel, Business Cycles, GMM Method
Full-Text [PDF 385 kb]   (2596 Downloads)    
Type of Study: Empirical Study |
Received: 2014/08/4 | Accepted: 2014/08/4 | Published: 2014/08/4
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year 3, Issue 7 (spring 2011) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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