Building Advanced Early Alarm Systems for Predicting Financial Crises: A Future Vision for Fiscal Policy in Iraq
1Mohammed Imad Abdulazeez, 2Amer Sami Muneer, 3Mustafa Mahmood Mahdi
1,2,3Tikrit University, College of Administration and Economics, Tikrit University, Iraq.
https://doi.org/10.47191/jefms/v7-i10-09ABSTRACT:
The accelerating repercussions of financial crises that struck the world have significantly affected global economies in general and the banking sector in particular. These crises, characterized by banking failures, have prompted financial institutions to develop models, systems, and early warning indicators to predict banking crises and avoid the negative effects of cyclical fluctuations and unexpected shocks. This research aims to lay the foundation for an early warning system to monitor financial disturbances in Iraq. The goal is to identify financial imbalances, prevent the collapse of Iraqi financial institutions, and shield the economy from financial and monetary crises.
KEYWORDS:
Financial Crises, Alarm System, Fiscal Policy, Financial Institutions, monetary crises
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