Macroprudential Policy Arrangement for Achieving Financial Stability in an Oil-exporting Economy: A DSGE approach

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

HADIAN MAHDI; DARGAHI HASSAN

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Economic Research and Policies Year:2019 | Volume:27 | Issue:90 Page(s): 57-102

Download Full-Text

Persian Verion

View:

602

Download:

Cites:

Information Journal Paper

Title

Macroprudential Policy Arrangement for Achieving Financial Stability in an Oil-exporting Economy: A DSGE approach

Author(s)

HADIAN MAHDI | DARGAHI HASSAN | Issue Writer Certificate

Keywords

Banking SystemQ2

Macroprudential PolicyQ1

Loan-to-Value RatioQ1

Countercyclical-Capital-BufferQ1

DSGEQ1

Abstract

Following the 2008 financial crisis, the application of macro-prudential policies has expanded to ensure financial stability. In addition, in most oil-exporting economies, oil revenues are an important source of fluctuations in macroeconomic variables and, therefore, calls for the use of macroeconomic stabilization policies. Considering the vulnerability of financial stability in the Iranian economy as an oil exporting country, the purpose of this study is to investigate the role of macroprudential policies in financial stability and their interaction with macroeconomic policies, in particular monetary policy. For this purpose, a macro-financial model with the approach of DSGE and with regard to the Banking System, as the most important part of the financial sector in Iran's economy, has been designed. In this model, the Banking System's problems, such as NPLs and toxic assets of banks, are included. The results of model simulations based on seasonal information of Iran's economy during the period of 1990-2016 indicate that the adoption of Macroprudential Policy and its instruments such as a Loan-to-Value Ratio and counter-cyclical capital buffer reduce the volatility and vulnerability of the financial sector. Moreover, with regards to the institutional relationship between macroprudential and monetary policy, the research findings show that the cooperation of these two institutions increases the effectiveness of macroeconomic policies and improves social welfare as well.

Cites

No record.

References

No record.

Cite

APA: Copy

HADIAN, MAHDI, & DARGAHI, HASSAN. (2019). Macroprudential Policy Arrangement for Achieving Financial Stability in an Oil-exporting Economy: A DSGE approach. JOURNAL OF ECONOMIC RESEARCH AND POLICIES, 27(90 ), 57-102. SID. https://sid.ir/paper/394340/en

Vancouver: Copy

HADIAN MAHDI, DARGAHI HASSAN. Macroprudential Policy Arrangement for Achieving Financial Stability in an Oil-exporting Economy: A DSGE approach. JOURNAL OF ECONOMIC RESEARCH AND POLICIES[Internet]. 2019;27(90 ):57-102. Available from: https://sid.ir/paper/394340/en

IEEE: Copy

MAHDI HADIAN, and HASSAN DARGAHI, “Macroprudential Policy Arrangement for Achieving Financial Stability in an Oil-exporting Economy: A DSGE approach,” JOURNAL OF ECONOMIC RESEARCH AND POLICIES, vol. 27, no. 90 , pp. 57–102, 2019, [Online]. Available: https://sid.ir/paper/394340/en

Related Journal Papers