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Financial Repression and Financial Development in Iraq
الكبح المالي و التطور المالي في العراق

Author: Dr. Ammar Hamad Khalaf الدكتور عمار حمد خلف قسم الاقتصاد
Journal: AL-dananeer مجلة الدنانير ISSN: 2224414X Year: 2014 Volume: 1 Issue: 5 Pages: 327-351
Publisher: Iraqi University الجامعة العراقية

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Abstract

There is a consensus among researchers now that a sophisticated financial sector plays key role in promoting the economic growth. Different financial policies have been launched in order to create a well functional financial system. The repressive financial policies were largely used by governments of developing countries aftermath they got their independence during the first half of the last century. These policies were affected by the thoughts of John Maynard Keynes, where the economic theory from the 1903s to the 1970s was dominated by his thinking. The liberalized financial policies are the other approach which used by different countries to improve the efficiency of financial sector. This approach was affected by the thoughts of Shaw (1973) and McKinnon (1973).

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