[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
:: Volume 5, Issue 17 (6-2015) ::
2015, 5(17): 43-62 Back to browse issues page
The Effect of Monetary policy on the Trade Balance of Oil-rich Countries of the Persian Gulf
Mohammad Hassan Fotros , Kiomars Sohaili , Boshra Taimori , Samira Heidari
Tutor PNU
Abstract:   (3777 Views)
One of the main objectives of economic is improvement in the trade balance. The factors influencing on the trade balance , are monetary policy. Scientific analysis and quantitative impact of monetary policy on the trade balance of countries is of particular importance in this study, it can be. In this paper, the effect of monetary policy on the trade balance of oil-rich countries of the Persian Gulf by Generalized Method of Moments have been studied over the period 2010-1995. Our results indicate that money and quasi money growth has significant and negative effect has on net export and thus the trade balance of oil-rich countries of the Persian Gulf. But, the exchange rate has not significant influence on the trade balance. Therefore, the control of liquidity growth and align the proportional impact of exchange rate ,in accordance with the terms of monetary policy, effectiveness in improving the trade balance is obvious, the dominant role of automatic adjustment mechanisms as compared with interference mitigation mechanisms is undeniable. The efficiency of monetary policy should be evaluated in alignment with exchange policy, and in line with macroeconomic policies, trade relationships on how to cover reaction to the volatility, the trade balance for the long-term economic development goals in the areas of international competitiveness be arranged.
Keywords: Monetary Policy, Trade Balance, Oil-rich countries, Region Persian.
Full-Text [PDF 262 kb]   (2097 Downloads)    
Type of Study: Research | Subject: اقتصاد پولی و مالی
Received: 2015/05/28 | Accepted: 2015/07/21 | Published: 2015/07/21
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA code


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Fotros M H, Sohaili K, Taimori B, Heidari S. The Effect of Monetary policy on the Trade Balance of Oil-rich Countries of the Persian Gulf. Economic Development Research. 2015; 5 (17) :43-62
URL: http://jrer.ir/article-1-342-en.html


Volume 5, Issue 17 (6-2015) Back to browse issues page
فصلنامه تحقیقات توسعه اقتصادی Journal of Economic Development  Research
Persian site map - English site map - Created in 0.05 seconds with 32 queries by YEKTAWEB 3862