Iran's post-war financial system
Purpose – The purpose of this study is to provide solid examination of Iran's Islamic financial system and its development after the end of the Iran-Iraq war in 1988. Design/methodology/approach – The analysis is conducted by using financial data over the period 1993-2007 as solid data aren't available for the period 1988-1992. Parallel, 39 other countries are analyzed as well in order to have a solid international basis of comparison. The data are provided by the World Bank's financial dataset. The paper computes three key-indices referring to the activity, efficiency, and size of Iran's financial sectors. A fourth measure is calculated as an aggregated index of the three key-indices in order to allow a vivid comparison with other countries. Findings – Iran's financial system is apparently highly bank-based. The paper can confirm that Iran has been struggling for a less bank-based financial system during this period. Although Iran still shows up a mainly bank-based financial system, its financial market has been growing by considerable rates during the examined period. When referring to the international comparison, Iran shows up an underdeveloped and weak financial system, especially in regard to its stock market. Originality/value – There haven't been any similar research for this time period using this kind of indices. Especially, Iranian economists haven't used this very comprehensive approach in order to confirm the widely made assumption of a bank-based Iranian financial system. This study sheds light on the topic and at the same time offers a comprehensive picture of Iran's financial system.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 5 (2012)
Issue (Month): 3 (August)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://emeraldgrouppublishing.com/products/journals/journals.htm?id=imefm Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lucía Cuadro-Sáez & Alicia García-Herrero, 2007.
"Finance for Growth: Does a Balanced Financial Structure Matter?,"
Kiel Advanced Studies Working Papers
445, Kiel Institute for the World Economy.
- Lucía Cuadro-Sáez & Alicia García-Herrero, 2008. "Finance for Growth. Does a Balanced Financial Structure Matter?," Revue économique, Presses de Sciences-Po, vol. 59(6), pages 1075-1096.
- Cuadro-Sáez, Lucía & García-Herrero, Alicia, 2007. "Finance for growth: does a balanced financial structure matter?," Kiel Advanced Studies Working Papers 445, Kiel Institute for the World Economy (IfW).
- Alicia Garcia-Herrero & Lucia Cuadro-Saez, 2005. "Finance for Growth: Does a Balanced Financial Structure Matter?," Working Papers 0503, BBVA Bank, Economic Research Department.
- O. Emre Ergungor, 2003. "Financial system structure and economic development: structure matters," Working Paper 0305, Federal Reserve Bank of Cleveland.
- Ross Levine, 2002.
"Bank-Based or Market-Based Financial Systems: Which is Better?,"
NBER Working Papers
9138, National Bureau of Economic Research, Inc.
- Levine, Ross, 2002. "Bank-Based or Market-Based Financial Systems: Which Is Better?," Journal of Financial Intermediation, Elsevier, vol. 11(4), pages 398-428, October.
- Ross Levine, 2002. "Bank-Based or Market-Based Financial Systems: Which is Better?," William Davidson Institute Working Papers Series 442, William Davidson Institute at the University of Michigan.
- Demirguc-Kunt, Asli & Levine, Ross, 1999. "Bank-based and market-based financial systems - cross-country comparisons," Policy Research Working Paper Series 2143, The World Bank.
When requesting a correction, please mention this item's handle: RePEc:eme:imefpp:v:5:y:2012:i:3:p:264-281. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Louise Lister)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.