The Effects the global financial crisis on the financial sector in Iraq | ||
| مجلة جامعة الانبار للعلوم الاقتصادیة والاداریة | ||
| Article 11, Volume 8, Issue 16, December 2016, Pages 269-285 PDF (387.91 K) | ||
| Authors | ||
| BASIEM KHAMIES OBEED; EHSAN JABR ASHOOR | ||
| Abstract | ||
| Caused financial derivatives and securitization bond operations in real estate and financial credit is rated by the lax legal controls on the one hand , And the rule of financial greed in major financial groups of real estate on the other hand , Financial bubble caused by poor liquidity in the coffers of banks financed the real estate activity resulting from the weak capacity of the beneficiaries to repay the financial , Which sparked the financial crisis , And reflected a lack of liquidity on the activity of some companies stopped production and low levels of investment and lack of use , Which loomed on the horizon, the specter of recession and lack of operating . Did not leave the global financial crisis in the early hold its impact on the Iraqi economy, the fact that the financial market of the Iraqi market is not active at the global level , However, the impact of the crisis quickly turn to the Iraqi economy by turning the dynamics of the financial crisis of the financial sector to the real sector - productive and get a recession in the U.S. industry giant , Thereby transferring the impact to the global energy markets down oil prices as a result of lack of demand, , And by virtue of relevance of the Iraqi economy and its association with the outputs of the extractive industry and the vagaries of the oil market has moved the repercussions of the global financial crisis for Iraq through the impact on the resources of the state budget , Surely us that the domestic financial market did not enter into the orbit of financial globalization has not been the scene of Financial Investments intercontinental | ||
| Keywords | ||
| Financial sector; Financial Illusion; public budget; Securities Market | ||
| References | ||
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