The Long And Short Relation Term Between Monetary Variable And Damascus Stock Sxchange Index

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 interested 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.

The Effect of Central Bank Asset and Liability Management on its Profitability

The central bank is a sovereign institution that plays a pivotal and active role in the banking and financial system, therefore the related studies have special importance. This study aims to clear the concept of profitability and asset and liability management at the central banks because of the mysterious which surround them, especially in light of the general objectives that the central banks pursue to achieve. The growing interest in the subject of profitability due to its role in strengthening the financial position of the central bank and strengthen its ability to carry out its functions effectively, as well as to indicate the sources of income of the central banks, and identify the strategies followed by the central banks to manage its assets and liabilities, and their effect on profitability. In order to achieve these objectives, the researcher, after the presentation of the theoretical framework for the study, conduct an analytical study of the financial statements contained in the published reports of the Reserve Bank of New Zealand, during the period from 1/7/2005 to 30/6/2011, in order to clarify the theoretical framework for the study, and its compatibility with practice. Thus, the researcher conducting statistical test to show the effect of changes in the size of central bank assets and liabilities on a net income of the Central bank, has been using the statistical program SPSS 18 to reach the results of this test. The study concluded that the changes in the sizes of the assets and liabilities of the central bank does not affect its net income, in the other words that we can't predict the profitability of central bank depending on the size of its assets or liabilities. The lack of profit maximization as a key target does not mean that Central does not seek through its management of its assets and liabilities for profit, but it means that his main goal is to achieve the objectives of monetary policy and then make a profit. Seiniorage is the most important sources of income of the central and most stable, while the most important function of the Central bank which is formulating monetary policy do not generate any revenue. In addition to that there are many factors that threaten central bank's profitability such as dollarization, electronic money and low inflation levels.

Strategy of Exchange Targeting As framework of Islamic monetary policy , with signification to the Pakistani experience for Period Between 2000-2018

The study focuses on studying the strategy of targeting the exchange rate as one of the strategic frameworks of Islamic monetary policy in the Pakistani economy, By focusing on what the exchange rate targeting and the most important requirements of success in the Pakistani economy, as well as review factors affecting the behavior of exchange rate in Pakistan and analysis of stability during the study period, to offer a mechanism to target exchange rate in the Pakistani economy.