المؤلف
الملخص
The research aims to find out the factors influencing on velocity of money in Iraq for the period 1980-2013 by using the Engle Granger method of co-integration and error correction, and the results showed the presence of long-term factors affecting relationship in velocity of money and both models (GDP, exchange rate, the rate inflation, interest rate, financial development) during the period of the study also shows that there are short-term factors affecting relationship in velocity of money and both models, also study found that all the factors in both models affect the velocity of money except for financial development factor where it came from his parameter statistically not significant and the results showed that 82% of the changes that occur in the velocity of money explained by factors inside in the model and 18% of the changes are explained by other factors outside the model, and the study concluded that the velocity function of money is not stable in both models, this indicates a lack of monetary policy's ability in Iraq to predict velocity of money. So should by taking into account the factors affecting them because of their significant effects on the Iraqi economy.
الكلمات الرئيسة
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