View Full Version : Ways of privatizing Iraqi banking and development financing first part Dr. Raad Twigg

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09-28-2014, 07:33 PM
Ways of privatizing the Iraqi banking and development financing first part Dr. Raad Twigg (http://almowatennews.com/index.php/2013-04-19-21-18-06/11126-2014-09-28-15-58-56.html)

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Ways of privatizing the Iraqi banking and development financing

Part I

Dr. Raad Twigg


The Iraqi banking system saw developments and transitions are many, diverse paths in different time phases and identified political philosophy and economic and financial conditions prevailing at each stage, the features of the banking system and other economic sectors, linked to political philosophy and economic and financial conditions at each time, turning the Iraqi banking system of the free market and the situation of coexistence between public and private banks, government monopoly of work team is developing banking and then if you live again.

It is obvious that requires reaching desired ripeness, banking, political stability and a long, steady trend in the management and ownership of its institutions.

Chapter two: the themes.

Section I:-premises and changes in banking activity.

Section II:-determinants of the Iraqi banking activity.

Section one:-

Intellectual perspectives and shifts in banking

First: the importance of banking activity in thought and economic history:-

The Mesopotamian starting point to many accomplishments and circulating the various Nations, and the banking forms hem multiple WMV under religious process, the Sumerian Temple of the Nativity which embrace this activity with the utmost secrecy and confidentiality, and that the process of disclosure and reveal the secrets of this activity, means they have to fuck divine, who commits the offence.

It is worth mentioning the emergence and maturation of the Babylonian walsomri banking form inspiration and reference for many countries in the development of many modern banking practices such as banking secrecy, the banking laws and traditions were deprived of certain degrees detection and announcement of applicants and accounts amounts to others, no matter how legitimate excuses in detection.

And either the Babylonian walsomri, banking activity focused on the presence and the continued flow of funds to the gods, in the form of deposits of different offerings and gifts in kind. These amounts are lending or deposit by priests to merchants and farmers, in order to increase the efficiency and recovery of economic activity, and has used these deposits to achieve social objectives by allocating part of the liberation of prisoners and slaves.

And for these different types of loans, the priests on the price of these processes and activities are equal to what is the interest rate and the remaining financial surpluses retained for backup.

The included code hamwarbi on many aspects of banking rules and mutual obligations of the various parties, as well as to determine how to calculate returns on the loans and the payback period and the limits of deposits and loans, to eliminate situations of exploitation over banking regulation and supervision.

Turning basics concepts of banking to the Greeks and Romans through the ynikeyen.

Business calls for the Arabs and the winter and summer trip some banking on icarly.

And the evolution of the art of finance following the boom in international trade and the beginning of the Renaissance, and began the first phase of this development impact by merchants and wealthy to goldsmiths to deposit valuables and gold coins and secure from theft for a jeweler to receipts stating the amounts deposited with him.

These funds have accumulated in the vaults of gold without exploitation and survival stalled forcing open the door open for loan interest rate, and keep the rest as a precaution, and thus completed the basic dimensions banking opening up new prospects for banking developments.

The banking activity and the focus of many intellectual economic actors, but the disagreement about the importance of banking activity, the classic has ruled out any possibility of banks to extend credit creation than its cash reserves as paid-up capital or major deposits, and the role of banks in financial intermediation and payment methods in order to achieve the main objective is to get the maximum profit possible.

But the look of economic thought to this matter exceeded the limits set by the views of classical school of banking activity and intellectual trends have emerged in other dimensions of this role, the first economic Schumpeter in 1911 an increasing interest in the banking system and its positive effects on economic development.

In this regard see Schumpeter expansion in bank credit will be followed by economic expansion and the positive impact of this expansion to increase production and get cash and how to filter credit and recover in a short period.

New classic differed alkitzion in making the impact of monetary expansion to include capital assets without limit to the financial assets.

In the same regard study Curley m.k. that bank credit stimulates the productive process.

It also addressed the banking banking dimensions theories focused on the activity or the commercial loan theory invited to limit the activity of commercial banks in short-term loans for commercial purposes exclusively with AutoFilter and exclude loans for other purposes (real estate or investment), and maligned on the theory that the mechanism to filter credit may not occur if States of crisis and instability and conduct and the obligation of banks to this theory have recidivists in the events of capital accumulation in developing countries, and reduce the participation of banks in the development of the infrastructure of States.

This theory has generated in the womb State adopted the classic arguments are England and tone their submissions with early time of the industrial revolution, it was timely projects achieve high returns make them indispensable to long-term loans and limiting demand for short-term loans and operational and lending of a commercial nature and the exclusion of loans for real estate and investment and of other theories is the theory of substitution or replacementshift ability theoryThis theory presents positive results of banks to provide short-term loans to investment in securities, the investment in liquid assets at banks that can be converted into cash quickly and without loss of giving an opportunity to strengthen the financial position of the various banks where the liquidity position-ing a, thus increasing their capacity to meet any surprise which gives them the ability and flexibility to process conversion and replacement, and maligned on the theory that this process was تتباطئ in case of fluctuations Economic development.

The other theory is the theory of expected income and expansive approach taken with respect to the banking banshat to provide medium and long-term loans, and in the light of their expectations about their banking institutions from revenue and maligned on the theory that expansion of long-term loans of a certain Bank was offset by a decline in the liquidity of the Bank, despite the requirement of this theory that the banks in the study of solvency of the customer, and specify the amount of expected income that can be achieved by borrowing projects As cash flow and continuity are the fundamental guarantee for the repayment of these loans.

This theory poses that might correspond to the German school call for long-term loans and the financing of economic projects and the participation of banks in the process of investment and which have been applied practically in the reconstruction of Germany after World War II, this approach is also used by the Bank of Egypt founded in 1920.

09-28-2014, 07:50 PM
give warka back their cash and license and allow privat banks to implement electronic cash transfers

simples !!!!!