چکیده:
The facility interest rate is one of the most important macroeconomic variables. The bank facility interest rate is associated with other macro-economic variables, one of which is the bank deposit interest rate. Using the time series data of the 1973-2017 period and the simultaneous equation system, the researchers esti-mated four equations using the three-stage least squares method. The result of estimation of the equation's indicate that there are (i) a significant positive rela-tionship between the bank deposit interest rate and the facility interest rate in the Iranian economy during this 45-year period,(ii) a significant positive relationship between the facility interest rate and the deposit interest rate,(iii) a significant positive relationship between the liquidity level and the inflation rate, and there is a positive and relatively significant relationship between the exchange rate and the inflation rate, (iv) a significant positive relationship between the facility interest rate and the credit risk
خلاصه ماشینی:
In other words, the legal considerations arising from the legal requirements of non-usury bank operations, along with the performance of the economic sectors are considered on the one hand, and the operational efficiency of banks and regulatory programs are considered in order to maintain the common standards to strengthen the financial power of banks on the other hand, the pro- visional interest rates on bank deposits and the minimum expected interest rates of banks' facilities are neither based on the terms and conditions of non-usury bank operations determined by the Money and Credit Council, nor are they based the market mechanism and supply and demand.
Nazarian and Hamzei [20] investigated the impact of monetary policies on the granted facilities of banks Based on the profitability of banks using the OLS Method and Generalized Moments and based on the economic data of the country, including the real exchange rate and the rate of facilities granted by banks and credit institutions during the years 1988-2011, indicating a signifi- cant positive value for the coefficient of bank profitability; a positive relationship for bank measure- ment, monetary conditions and economic growth rate; and a negative relationship for asset, liquidity and capital of banks.
The results of investigating the relationship between these variables using system equations and the three-stage least squares method indicate that there is significant positive relationship between the facility interest rate and the deposit interest rate, which confirms the main hypothesis of the research.