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Torabnezhad Esfahani, M., Mahmoudzadeh, M., Soufi Majidpour, M., Gholamabri, A. (2024). Monetary and Currency Policies and Liquidity Risk of Commercial Banks with Emphasis on the Sanctions Period. Comparative Linguistic Research, 13(49), 131-154. doi: 10.22084/aes.2023.27214.3543
Mostafa Torabnezhad Esfahani; Mahmoud Mahmoudzadeh; Masood Soufi Majidpour; Amir Gholamabri. "Monetary and Currency Policies and Liquidity Risk of Commercial Banks with Emphasis on the Sanctions Period". Comparative Linguistic Research, 13, 49, 2024, 131-154. doi: 10.22084/aes.2023.27214.3543
Torabnezhad Esfahani, M., Mahmoudzadeh, M., Soufi Majidpour, M., Gholamabri, A. (2024). 'Monetary and Currency Policies and Liquidity Risk of Commercial Banks with Emphasis on the Sanctions Period', Comparative Linguistic Research, 13(49), pp. 131-154. doi: 10.22084/aes.2023.27214.3543
Torabnezhad Esfahani, M., Mahmoudzadeh, M., Soufi Majidpour, M., Gholamabri, A. Monetary and Currency Policies and Liquidity Risk of Commercial Banks with Emphasis on the Sanctions Period. Comparative Linguistic Research, 2024; 13(49): 131-154. doi: 10.22084/aes.2023.27214.3543

Monetary and Currency Policies and Liquidity Risk of Commercial Banks with Emphasis on the Sanctions Period

فصلنامه مطالعات اقتصادی کاربردی ایران
Article 5, Volume 13, Issue 49, May 2024, Pages 131-154    PDF (1.29 M)
Document Type: Research Article
DOI: 10.22084/aes.2023.27214.3543
Authors
Mostafa Torabnezhad Esfahani1; Mahmoud Mahmoudzadeh* 2; Masood Soufi Majidpour3; Amir Gholamabri2
1PhD in Economics, Department of Economics, Faculty of Humanities, Firuzkoh branch, Islamic Azad University, Firuzkoh, Iran
2Associate Professor, Department of Economics, Faculty of Humanities, Firuzkoh branch, Islamic Azad University, Firuzkoh, Iran
3Assistant Professor, Department of Economics, Faculty of Humanities, Firuzkoh branch, Islamic Azad University, Firuzkoh, Iran.
Abstract
The policies used by governments in emerging and developing economies during the financial transition have always faced the question of what impact the central bank’s interventionist monetary and currency policies have had on banks’ risk-taking. In this research, the impact of monetary and foreign exchange policy on the risk-taking of commercial banks was investigated, and in this way, a sample consisting of 15 stock-exchange banks from 1386 to 1400 was investigated using the quintile regression method and the state space method. The estimation results showed that monetary and currency policies have a positive relationship with liquidity risk. In addition, the findings showed that with the beginning of sanctions, the liquidity risk of banks has increased and the impact of monetary and currency policies on larger banks has increased. Therefore, small banks are less likely to go bankrupt compared to large banks.
Keywords
Monetary Policy; Exchange Rate Policy; Liquidity Risk; Quintile; State Space
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