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

Masoud Keimasi (), Amirhossien Ghafarinejad () and Solmaz Rezaei ()
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Masoud Keimasi: Iran
Amirhossien Ghafarinejad: Iran
Solmaz Rezaei: Iran

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2016, vol. 9, issue 28, 171-198

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.

JEL-codes: C23 E44 G21 L25 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:9:y:2016:i:28:p:171-198

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