Measuring and analyzing the impact of some monetary policy indicators on the trading volume of the Iraq stock exchange for the period 2004-2023
Khalil Ismail Aziz
Based on the great importance of financial markets in the economy as an indicator and mirror of the extent of the development of the economy, this study aimed to measure and then analyze the impact of both the broad money supply M2 and the real interest rate of banks in Iraq on the trading volume of the Iraq Stock Exchange for the period 2003-2024, and showed from the results of the standard test and after the logarithmic formula of the data was determined and using the program (Eviews12) show that the time series of the variables of the study were stable between the level and between the first difference, and using the methodology of the self-regression model of the distributed slowdown (ARDL ) shows a statistically significant relationship between the dependent variable represented by the volume of trading and independent variables represented by the broad money supply and the real interest rate, and the results of the border test showed a long-term common integration relationship in the estimated model, and the study recommends the need to develop and expand the Iraqi market for banknotes and the use of modern methods in trading Ensuring the rights of traders and benefiting from the developed financial markets in Arab and regional countries.
Khalil Ismail Aziz. Measuring and analyzing the impact of some monetary policy indicators on the trading volume of the Iraq stock exchange for the period 2004-2023. Int J Finance Manage Econ 2024;7(2):315-323. DOI: 10.33545/26179210.2024.v7.i2.377