Inter-bank Market Challenges in Iran (in Persian)

Seyed Saeed Shamsinejad () and Seyed Abaas Mosavian ()
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Seyed Saeed Shamsinejad: Imam Sadiq University
Seyed Abaas Mosavian: Islamic Research Institute For Culture And Thought

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2018, vol. 11, issue 35, 125-150

Abstract: As short-term suppliers of financial resources, interbank markets have very important roles in countries’ monetary markets. Interbank market has failed to elevate its position in state’s money market during the nine years since establishment by providing required diversity in deal instruments and mechanisms despite its increased size of transactions.The main question proposed by this research is that “What are the most significant traumatic factors in Iran’s interbank market and how they can be managed?” This article is aimed at putting forward pathology and presenting challenges existing in different aspects of this market as well as corrective measures and improvement methods by delineating performance of interbank market from its inception onward This study’s findings, which have been obtained by descriptive-analytical and questionnaire-based methods, are expressive of the fact that in this market, five elements serve as the most important factors incurring damages in the current interbank structure. These elements include absence of a risk rating and management system, absence of a comprehensive electronic interbank interchange system, lack of diversification in short-term financial and monetary instruments, non-transparency in market rates, and lack of proper organizational structures, respectively. Identification of damage-incurring factors will assist us to design a new interbank market structure aimed at increasing its efficiency.

JEL-codes: D53 E52 (search for similar items in EconPapers)
Date: 2018
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