Analysis of Banks Performance in Financing Real Sector in Iran’s Economy

سال انتشار: 1392
نوع سند: مقاله کنفرانسی
زبان: انگلیسی
مشاهده: 353

متن کامل این مقاله منتشر نشده است و فقط به صورت چکیده یا چکیده مبسوط در پایگاه موجود می باشد.
توضیح: معمولا کلیه مقالاتی که کمتر از ۵ صفحه باشند در پایگاه سیویلیکا اصل مقاله (فول تکست) محسوب نمی شوند و فقط کاربران عضو بدون کسر اعتبار می توانند فایل آنها را دریافت نمایند.

استخراج به نرم افزارهای پژوهشی:

لینک ثابت به این مقاله:

شناسه ملی سند علمی:

ACMFEP23_062

تاریخ نمایه سازی: 16 اردیبهشت 1398

چکیده مقاله:

The positive effect of the indicators of development of the financial system on economic growth is well understood. However, there are controversies concerningmutual effects of these indicators and their levels. One view considers the growth factors as the availability of capital and rate of investment and maintains that publicpolicies should focus on accumulation of physical capital. The other view holds that the differences between the quality and quantity of services offered by financialinstitutions explain large part of variations in growth rates of the countries. In the last few years, the banking system has contributed to fixed and in-circulation capitalsof production firms. However, the heavy reliance of policy-makers on indirect instruments has led to inefficiency and low quality of policies. Moreover, insufficientbank capital, especially in state commercial banks, deters the expansion of banking services and private sector is being denied access to banking facilities.Experts in Islamic finance believe that usury (interest) free banking is highly compatible with financial systems (which are based on the issuance and transaction ofsecurities) or, in other words, with market-oriented systems. It is believed that the usury (interest) free banking is well applicable to the securities market. This fact helpspolicymakers pave the way for the development of the security markets. The present paper reviews the literature on the impact of financial system development on economic growth and sustainability. Then, the performance of the banking sector in allocation of loans and facilities to the real sector of the Iranian economy and its share in capital formation is studied during the period of 1384-1391 (2005-2013). The bottlenecks of the banking system for rendering better services to the real sector of the economy are surveyed in the following sections. In conclusion, the paper provides some policy implications.

کلیدواژه ها:

نویسندگان

Abolfazl Akrami

Director General, Economic Research and Policy Department

Hussein Bazmohammadi

Expert, Economic Research and Policy Department,