Syria suffers from an unfair war against it for more than four years, involving the
forces of old and new Zionist- US colonialism and the Persian Gulf States, Turkey and
other allied states. This war affected all aspects on the life of the Syrian c
ommunity, but I
will focus in the research on the economic impact, particularly on the exchange rate of
monetary policy and fiscal policy too. I will focus on the exchange rate as it reflects the
price of one currency against the other currency or currencies, and I used the dollar
exchange rate because it is the most commonly used in Syrian economic transactions, The
Syrian pound is linked with the us dollar in 1947 under law No.304/on 2 February 1947
and identified rate of the Syrian pound equivalent to (0, 405513) grams of gold, i.e. (45,6)
cents.The importance of exchange rate was revealed with the growing expansion of
international commercial exchanges of goods and services, financial transactions, and in
the digital language how many of Syrian pounds shall be sold or abandoned to obtain one
unit of another currency or USD, for example, so we can notice the importance of
exchange rate stability, and therefore one of the most important responsibilities of the
monetary policy in Central Bank, is to create an exchange rate that helps to boost economic
activity on the macro and micro level and contribute to increase the economic power.
This research aims to study the Syrian banking system performance in light of
changes that began in Syria since March 2011 and their implications (the case of
Commercial Bank of Syria).
It was found that the banking sector exposure to fallout led
to instability, which
limited the role of as a financial intermediary supporting production and encourage
investment in the various national sectors of the economy, in addition to reducing the
volume of services provided by banks, and changes in exchange rates, and a crisis of
liquidity and credit.
The research has been relying on financial reports which is published on the case of
Commercial Bank of Syria site during the period from 2010 to 2013.
This study is concerned in the long relation between monetary policy variable and
Damascus stock exchange (DSE) index,
In general, monetary policy transmission can affect the markets, so the stock market
also effected by that, and this study is in
terested in this relation, so it start by made
theoretical introduction about how can monetary variables effect the stock market index,
then it follow the statistical methodology by use Autoregressive-Distributed Lag model
(ARDL) to estimate the relation between independents variables which are money supply
M1,M2,exchange rate EX, interest rate I, inflation INF, and dependent variables which is
DSE index (M_I)
The result, by using the Unrestricted error correction model (UECM) shows that
there is positive relation in short and long term between money supply (M1) and DSE
index, but it was and negative one in short term between M2 and DSE index, and became a
positive in long term, and the relation was negative between inflation and DSE index in
short and long term. There was a negative one with exchange rate in short and long term,
and also negative one with interest rate.
As conclusion, it should be necessary to improve the behavior of monetary policy to
control all this variable in the way that made it has positive effects on DSE index.
This study aimed to take a sample of banks (Qatar National Bank, Bemo Bank,
Sham Islamic Bank ) and compare the changes in their capital exchange rate changes on it
in terms of the capital adequacy ratio which affects the continuity of these banks
as
recommended by the Basel (1-2-3) committee, draw conclusions reached by this study and
propose what would maintain their own working capital from any failures of share
holders, depositors and customers .
The change of foreign currency exchange rates has direct and indirect impacts on
the economy .
The lack of foreign currency exchange rate stability negatively affects the
purchasing power of the local currency; whenever the exchange rate of the local
currency rises the purchasing power of the foreign currency declines. This is clearly
evident through our follow up to the dollar exchange rate during the five years of study
of 2010 to the year 2014 where the large fluctuations witnessed in prices led to a clear
reduction in the purchasing power of the local currency.
The accounting and auditing profession based on outputs of the profession based on
outputs of the financial lists mainly on the public confidence for its success in providing
services to all parties and focus on the actual increases carried out by these banks on their
capital was it enough to achieve the desired level under successive highs on the dollar
exchange rate against the Syrian pond which led to affected capital and make it define .
This research presents a model to determine the exchange
rate for the Syrian Pound in the long term by using monetary
quantity theory; it uses annual data for the period of 1980 to 2011;
it employs Johansen co-integration technique by using E-View
s
statistic program. The research purpose is to determinate the
equilibrium relationship between Exchange rate of Syrian Pound
and economic indicators in the long term, besides studying the
Granger Causality Test between Exchange rate of Syrian Pound and
economic indicators; and analyzing the correlation relationship Test
between Exchange rate of Syrian Pound and economic indicators.
This study aims to identify the factors affecting the velocity of
money in Syria during the period ( 1990-2010) based on the study
and review of the monetary theories, and the analysis of some
empirical studies that examined the velocity of money
and its
relation to macroeconomic variables. In addition to an
econometric study focused on the relationship between the
velocity of money in its narrow sense (M1) with the rate of
inflation, per capita GDP, real exchange rate, financial evolution,
interest rate and political instability, using ARDL methodology to
test joint integration.
Given The Importance of Relationship between Macroeconomic Variables and
Financial Market for Researchers, Investors and officials, This Relationship has been
Studied in This Research during Period 1-1-2010 to 31-12-2011 Using Monthly Data for
Nom
inal Effective Exchange Rate SNEER, Money Supply SM2, Exports Coverage
Imports SXM, Inflation Rate SINF, Damascus Market Index SDWX.
Stability of Time Series Studied through Augmented Dickey Fuller Test, Johansen
Co-Integration Test Confirmed There is Longitudinal Relationship-Term, Using Granger-
Causality Test Appeared That The Relationship Reciprocal between Money Supply and
The Index, Nominal Effective Exchange Rate is Causing Change in The Index, VAR
Model Estimated, and Characterized by High R2, Jarque-Bera Test Shows The Residuals
do not Follow Normal Distribution, Finally, Prediction in Some Time Periods Close to
Realistic Values of Index. By Analyzing This Result We Come up That The Relationship
between Macroeconomic Variables and Damascus Market Index has a Medium Strength.
This research aims to study the Syrian banking system performance in light of changes that began in Syria since March 2011 and their implications (the case of Commercial Bank of Syria). It was found that the banking sector exposure to fallout led to
instability, which limited the role of as a financial intermediary supporting production and encourage investment in the various national sectors of the economy, in addition to reducing the volume of services provided by banks, and changes in exchange rates, and a crisis of liquidity and credit. The research has been relying on financial reports which is published on the case of Commercial Bank of Syria site during the period from 2010 to 2013.
