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Short-run and Long-run Effects of Financial Intermediation on Economic Growth

Author

Listed:
  • Sharif Moghaddasi, Alireza

    (Faculty of Economics, Payam-e-Noor University)

  • Mousavi Jahromi, Yeganeh

    (Faculty of Economics, Payam-e-Noor University)

Abstract

Financial intermediation in Iran's banking system is negatively affected at least in two ways. First, there are many similarities between financial intermediation and usurious activities in the common interpretation of interest-free banking law. This encourages the banks to participate in various commercial activities. Second, the price setting policies of the

Suggested Citation

  • Sharif Moghaddasi, Alireza & Mousavi Jahromi, Yeganeh, 2017. "Short-run and Long-run Effects of Financial Intermediation on Economic Growth," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(1), pages 89-105, January.
    • Handle: RePEc:mbr:jmonec:v:12:y:2017:i:1:p:89-105
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