Measure and Analyze the Determinants of the Creditworthiness in Iraq Economy (2004-2017)

Document Type : Special Issue: Deep Learning for Visual Information Analytics and Management.

Authors

1 Professor, Finance and Banking sciences Department, Management and Economics Faculty, University of Babylon, Iraq.

2 Assistant Professor, Finance and Banking Sciences Department, Faculty of administration and Economics, University of Kufa, Iraq.

3 Department Soil and Water Resources, Assistant Professor, College of Agriculture, Al_ Qasim Green University, Iraq.

Abstract

Finance and indebtedness remain major problems for most countries, especially developing countries it therefore requests to stand in front of them to reduce them and prevent their exacerbation, Global rating agencies are a reflection of the urgent need for investors and borrowers to identify factors affecting creditworthiness to bridge the existing information gap. Iraq was approved for the period 2004-2017 using a model (Toda Yamamota Causility) The desire to provide information on the level of risk before lending to the government or financial and banking institutions to assess the solvency and the desire to meet debts to meet current and future financial obligations in a timely manner, and the degree of rating is not an absolute fact, but expect to the current financial situation may err and may infect, However, creditworthiness indicators remain the most important criteria for assessing the likelihood of the borrower not repaying the loan amount. The researcher concluded that the most important variable affecting the sovereign creditworthiness of Iraq is debt service, especially in the short term On the other hand, the availability of liquidity gives great flexibility to Iraq in the payment of its obligations. 

Keywords


Abdulsahib, G. M., & Khalaf, O. I. (2018). Comparison and evaluation of cloud processing models in cloud-based networks. International Journal of Simulation-Systems, Science & Technology, 19(5).
Abual-Fahm, M. K. (2005). Determinants of the creditworthiness of the Palestinian Authority. The first conference for Palestinian investment and finance between the prospects for development and contemporary challenges. Faculty of Commerce of the Islamic University for the period 8-9 / 5.
Ahmed Telfah, Arab Planning Institute, April 2005.
Al-Issawi, A. K. J., & Ghanem, M. M. (2016). The deficit of the public budget, Iraq as a model. Iraqi Journal of Economic Sciences, 51.
Al-Jubouri, M. S., &  Hussein, K. A. (2017). Economic shock analysis of developing economies, Amman Dar Al-Ayyam for publishing and distribution.
Al-Mada Newspaper (2016). Iraq credit rating and borrowing risks. Issue No. 3742 on September 23.
Al-Rubaie, R. (2012). The role of fiscal and monetary policy in dealing with recessionary inflation, Jordan.
Al-Tamimi, A. (2019). Credit rating standards in financial and banking institutions. Investors Magazine. www.mosgcc.com/ma
Central Bank of Iraq, Annual Economic Report, 2014-2016.
Central Bank of Iraq, Annual Economic Report, for the years 2004-2018.
Central Bank of Iraq, General Directorate of Statistics and Research, Annual Economic Report, 2014.
Central Bank of Iraq, General Directorate of Statistics and Research, 2012.
Central Bank of Iraq, General Directorate of Statistics and Research ,2014.
Ghaidan, J. K., & Hama, I. (2017). The impact of monetary policy on the stability of the foreign exchange rate in Iraq for the period 1990-2012. Kut Journal of Economic and Administrative Sciences, 17.
Hussein Ali, W., & Mahmoud, S. M. (2011). The exchange rate and its impact on inflation in Iraq for the period 2005-2006. Tikrit Journal of Administrative and Economic Sciences, Volume 7 special issue of the second conference of the College of Management and Economics from 11-15 / 5/2011.
Khalaf, O. I., & Sabbar, B. M. (2019). An overview on wireless sensor networks and finding optimal location of nodes. Periodicals of Engineering and Natural Sciences, 7(3), 1096-1101.
Saleh, M. M. (2012). Capacity of operating expenditures and flexibility of monetary policy financial cost. January.
Saleh, M. M. (2012). The Central Bank of Iraq monetary policy and the paradox of prosperity in a rentier economy, Baghdad.
Thivagar, M. L., & Hamad, A. A. (2019). Topological geometry analysis For Complex dynamic systems based on adaptive control method. Periodicals of Engineering and Natural Sciences, 7(3), 1345-1353
Vazirani, (2010). Competencies and competency model-a brief overview of its development and application. SIES Journal of Management, 7(1)
Weiss, Marfin A, Iraq: Paris Ciub Debt Relief, GRS Report for Congress January, 2015.