ساختار مالی و تورم در ایران

ابوترابی, محمدعلی; حاج امینی, مهدی; توحیدی, سحر

doi:10.30465/jnet.2020.6402

ساختار مالی و تورم در ایران

نوع مقاله : علمی- پژوهشی

نویسندگان

¹ استادیار اقتصاد، پژوهشگاه علوم انسانی و مطالعات فرهنگی

² استادیار دانشکده اقتصاد، مدیریت و حسابداری دانشگاه یزد

³ دانشجوی کارشناسی ارشد، دانشگاه تربیت مدرس

10.30465/jnet.2020.6402

چکیده

پاسخ به این سؤال که کشورها ساختار مالی و بانکی خود را چگونه طراحی کنند تا بتوانند نرخ‏های تورم را به طور مستمر و باثبات پایین نگه دارند، از اهمیت ویژه‏ای برخوردار است. این مقاله، ساختار مالی و بانکی ایران را در بازه‏ی زمانی 1987-2016 (1366-1395) بررسی و تأثیر آن را بر تورم به روش FMOLS برآورد کرده است. یافته‏ها حاکی از آن است که اثر ساختار مالی بانک‏محور بر تورم در ایران منفی است. از میان شاخص‏های مختلف ساختار بانکی، شاخص دارایی‏های بانک‏های سپرده‏پذیر توانسته تورم را کاهش دهد. به علاوه، تنها با لحاظ تأثیر شاخص‏های ساختار مالی و ساختار بانکی، رابطه یک‏به‏یک میان نقدینگی و تورم مطابق با آن‏چه پول‏گرایان ادعا می‏کنند، برقرار است. به طور کلی، این یافته‏ها در حمایت از ایده‏ی طراحی ساختار مالی کمتر نامتوازن و افزایش قدرت مالی بانک‏ها به منظور کاهش تورم هستند.

کلیدواژه‌ها

عنوان مقاله [English]

Financial Structure and Inflation in Iran

نویسندگان [English]

Mohammad Ali Aboutorabi ¹
Mehdi Hajamini ²
Sahar Tohidi ³

¹ Assistant Professor in Economics, Institute for Humanities and Cultural Studies

² A

³ M.A. Student of Economics, Tarbiat Modares University

چکیده [English]

It is important to answer the question of how countries should design their financial and banking structures to achieve low stable inflation rates. This paper investigates the effects of financial and banking structures on inflation in Iranian economy from 1987 to 2016 using FMOLS method. Our findings reveal that the effect of bank-based financial structure on inflation is negative. From different indices for banking structure, deposit money bank assets can reduce inflation significantly. Moreover, the one-to-one relationship between liquidity and inflation, as monetarists claim, is applied only when the impact of financial structure and banking structure is considered in regression. These findings, generally, are in the support of designing a less unbalanced financial structure and promoting the financial strength of banks in order to lowering the inflation.

کلیدواژه‌ها [English]

financial development
financial structure
bank
stock market
inflation JEL Classification: G00
G20
G21
E31

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