(Monetary effects of Iraq's fiscal policy after 2003)

House of Cultural Affairs
03/05/2018
Readings

Yasmin Khader Hamoud

The book "The Monetary Impacts of Iraq's Financial Policy After 2003" was recently published by Dr. Bassem Abdul Hadi Hassan as part of an economic chain that provides Its pages are 272 pages of average pieces.

The first chapter deals with the importance of financial policy, its objectives and tools, and the second topic (the evolution of the role and efficiency of fiscal policy). The third topic is: ).

Monetary policy is an important part of macroeconomic policy as monetary policy plays an important and effective role in regulating money supply and controlling cash and credit.

It is through this important role that the monetary authorities, represented by the Central Bank, can have the highest monetary authority, as they achieve a certain vitality according to priorities determined by the economic problem in which the economy suffers.

Sometimes monetary authority uses intermediate objectives such as money supply and interest rates to achieve the ultimate goal of stabilizing prices and reducing inflation Which is one of the most important and most important goals pursued by all the economies of the world, including the effects of inflation reflected on the economy and economic growth in general, so the challenge faced by the monetary authorities in Iraq after 2003 is inflation inclusive but pervasive And must be controlled through the formulation of monetary policies independent of any political decision and the need to be the work of the Central Bank after 2003 mechanisms and tools, including the independence gained by the Central Bank under the new law No. 56 of 2003 Iraq access to foreign exchange resources through revenues export oil , The unification of categories Iraqi currency dinar after the issuance of the new Iraqi currency with international specifications and the use of this currency throughout the country to the north and south.

The second chapter (Pathways to fiscal policy in Iraq after 2003 changes objectives and mechanisms of trust) included the first three topics determinants of the fiscal policy in Iraq and its objectives, the second section analysis of the structure of public expenditures in Iraq and trends, the third section analysis of the structure of public revenues in Iraq and its importance.

The last chapter included the analysis and measurement of the monetary effects of the fiscal policy in Iraq after 2003. The first three studies included analyzing the financial dimension in the development of the money supply in Iraq after 2003. The second section analyzes the second dimension in the development of interest rate and exchange rate. The effects of monetary policy in Iraq after 2003.

Finally, the most important characteristic of this subject is that it dealt with the monetary impact of the monetary policy resulting from the use of surplus budget in addition to the monetary impact of the disbursement of financing the budget deficit and other aspects of the effects of interest rates and exchange rate as well.

The study is based on the descriptive method of analyzing financial policy paths according to the logic of economic theory, in addition to using the standard method in the research of the monetary effects of fiscal policy in Iraq after 2003.

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