Repercussions of the Corona Pandemic Crisis on Financial Soundness Indicators: A Case Study of Iraq
Published: 2024
Author(s) Name: Ameer Azhar Abdul Rasool, Sultan Jasem Alnasrawi |
Author(s) Affiliation: Department of Economics, College of Administration and Economics, University of Karbala, Iraq.
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Abstract
In light of the frequent crises facing the global economy (not least the Corona pandemic (COVID-19)), international financial institutions and central banks have begun to pay increasing attention to trying to maintain the robustness, soundness and strength of the banking and financial system. Central banks have sought to apply various indicators consistent with the decisions of Basel (?, ??, ???), in order to know the performance and conditions of the financial and banking sector. The research aims to identify the most important key indicators followed by the Central Bank of Iraq, its trends, strengths and weaknesses, and in order to know the impact of the shock of the COVID-19 on the strength and soundness of the financial system. The research concluded that despite the negative repercussions of the COVID-19, the Iraqi banking sector, according to the trends of the indicators, enjoys high financial soundness and durability.
Keywords: Corona Pandemic, Financial Soundness, Banking Sector, Monetary Policy, Financial Soundness Map
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