بررسی تأثیر سرکوب مالی بر سودآوری بانک‌ها در ایران با استفاده از روش GMM-SYS

نوع مقاله : علمی

نویسنده

استادیار گروه اقتصاد، دانشکده علوم اقتصادی واداری، دانشگاه مازندران، بابلسر، ایران

چکیده

سرکوب مالی عبارت است از مجموعه­ای از سیاست­ها، قوانین و مقررات رسمی و کنترل­های غیررسمی تحمیل شده به‏وسیله‌ی دولت­ها بر بخش مالی که قیمت­های بخش مالی (نرخ بهره و نرخ ارز) را از مقادیر تعادلی آن منحرف ساخته و از عملکرد مؤسسات مالی در حداکثر ظرفیت موجود جلوگیری می­کند.‌ در این پژوهش، تأثیر سرکوب مالی بر سودآوری بانک‌ها در ایران طی دوره‌ی 1396-1390 و با استفاده از روش گشتاورهای تعمیم‌یافته‌ی سیستمی مورد بررسی قرار می‌گیرد. نتایج نشان می‌دهد که سرکوب مالی، حاشیه‌ی سود بانک­ها را به طور منفی تحت تأثیر قرار می‌دهد. به طوری که با افزایش یک واحدی شاخص در نظر گرفته شده برای سرکوب مالی، حاشیه‌ی سود بانک­ها 02/0 واحد کاهش می‌یابد. نتیجه‌ی به‌دست آمده حاکی از آن است که سرکوب مالی با کاستن از سپرده‌گذاری عاملان اقتصادی، قدرت اعطای تسهیلات بانک­ها را کم می‌کند. در نتیجه، به‌طور غیرمستقیم، درآمد بانک­ها را از محل اعطای تسهیلات می­کاهد.

کلیدواژه‌ها


عنوان مقاله [English]

The Effect of Financial Repression on the Profitability of Banks in Iran: GMM-SYS Approach

نویسنده [English]

  • Mohammad Abdi Seyyedkolaee
Assistant Professor of Economics, University of Mazandaran, Babolsar, Iran
چکیده [English]

In today's complex world, the financial system plays an important role in the stability, economic growth and development of countries. Financial repression is a set of formal policies, laws and regulations and informal controls imposed by governments on the financial sector that deviates the financial sector prices (interest rates and exchange rates) from its equilibrium values, and it prevents financial institutions from operating at their maximum capacity. Financial repression directly and indirectly affects the activities of banks. First, financial repression has reduced the deposits of economic agents in banks and has a negative effect on banks' incomes by reducing banks' lending capacity; Second, as capital accumulation decreases, and consequently, economic growth reduction, banks' income from lending facilities will decrease. In this survey, the impact of financial repression on the profitability of banks in Iran during the period 2011-2017 is investigated using Generalized Method of Moments-System (GMM-SYS). The results show that financial repression adversely affects banks' profit margin. So that, banks' profit margin is reduced to 0.02 units by increasing one indicator unit for financial repression. The results show that financial repression reduces the grant power of banks' facilities, by reducing the deposit of economic agents. As a result, it indirectly reduces banks' income from granting facilities.

کلیدواژه‌ها [English]

  • Financial Repression
  • Profitability of Banks
  • Iran's Economy
  • GMM-SYS
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