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Effects of Sanctions of the Iranian Banking System on Profitability (in Persian)

Author

Listed:
  • Keimasi, Masoud

    (Iran)

  • Ghafarinejad, Amirhossien

    (Iran)

  • Rezaei, Solmaz

    (Iran)

Abstract

This study aims to investigate the effect of sanctions on the banking system and its impact on the profitability of 22 Iranian Banks during years 2007-2014. The method of the study is feasible generalized least squares (FGLS). The result shows that the central bank and swift sanctions (directly) and blocking a large amount of oil by making stagflation situation (indirectly) has a negative impact on profitability ratios. Furthermore, banks sanctions by refusing letters of credit (LC) through banks of other countries has negative effects on both of return on assets and return on equity.

Suggested Citation

  • Keimasi, Masoud & Ghafarinejad, Amirhossien & Rezaei, Solmaz, 2016. "Effects of Sanctions of the Iranian Banking System on Profitability (in Persian)," Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 9(28), pages 171-198, July.
    • Handle: RePEc:mbr:jmbres:v:9:y:2016:i:28:p:171-198
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    Citations

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    Cited by:

    1. Tari , Fathollah & Mohammadi , Teymour & Shakeri , Abbas & Fadavi , Mohsen, 2017. "The Effect of Privatization in the Iranian Banking System on the Indicators of Profitability of Private, State and Privatized Banks," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(4), pages 359-378, October.
    2. Pejman Ebrahimi & Maria Fekete-Farkas & Parisa Bouzari & Róbert Magda, 2021. "Financial Performance of Iranian Banks from 2013 to 2019: A Panel Data Approach," JRFM, MDPI, vol. 14(6), pages 1-15, June.

    More about this item

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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