Analysis of central bank policies and supervision tools on financial stability in the Iranian banking system

Document Type : Research Paper

Authors

1 Faculty of Management and Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran

2 Faculty of Economics, Tehran University, Tehran, Iran

3 Faculty of Social and Economics, Al-Zahra University, Tehran, Iran

Abstract

The purpose of this article is to analyze the policies and regulatory tools of the Central Bank on financial stability in the Iranian banking system . The method of analysis is descriptive - survey . Data were collected through interviews with experts . The validity and reliability of the research tool were confirmed by marketing professors and experts . Data analysis - using software Lisrel Done . Seven main influential factors from the perspective of experts, which include; Ratio of non-current receivables to total payment facilities (NP) , Cash reserves in assets - bank (CR) , Capital adequacy (AC) , The real exchange rate (RER) , Liquidity (LY) , Leverage (DA) , Atbardakhly paid by banks to the private sector - and (DCP) Was agreed upon by them . Test results KMO That sufficient sample - properly selected . Bartlett's test of sphericity also at the level of 99 percent, which shows a significant correlation - in the community is not zero . That is, the seven factors studied had a significant impact on the financial stability of the banking system . Also, the results of varimax rotation of seven factors showed that their eigenvalues are higher than one . Products of factor loadings higher than 35/0 are . In order to confirm homogeneity Of items - forming any of the scale in terms of content and infrastructure of the five-factor confirmatory factor analysis on the causes - were carried out . To evaluate the model - factor analysis identified several characteristics fitness There is . In the present article, the ratio of chi-square or chi-square to the ratio of freedom (x 2 / df) Root mean square residue - Display RMR As well as a good fit index GFI And the adjusted value of the fitness index for the degree of freedom AFGIWas used . Results showed that all the characteristic elegance at an acceptable level were significantly - have given - in this letter with the factor structure of this scale is a good fit and statements - this scale are consistent with the underlying structures .

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