Volume 30 (2023)
Volume 29 (2022)
Volume 28 (2021)
Volume 27 (2020)
Volume 26 (2019)
Volume 25 (2018)
Volume 24 (2017)
Volume 23 (2016)
Volume 22 (2016)
Volume 21 (2015)
Volume 20 (2013)
Volume 19 (2013)
Volume 18 (2012)
Volume 17 (2011)
Volume 16 (2009)
Volume 15 (2008)
Volume 14 (2007)

The Scientific Journal of Monetary and Financial Economics has been published bi-quarterly since 2007 under the franchise of Ferdowsi University of Mashhad and in cooperation with the Iranian Business Association.

In this journal, research articles in Farsi language with an extended English abstract can be reviewed and printed. Publication license: 124/10352, dated 1998/11/1.The Journal of Monetary and Financial Economics (former Knowledge and Development) publishes only specialized articles in the field of monetary and financial economics.According to the approval of the Ministry of Science, Research and Technology, since 2018, all journals with "scientific-research" grade has been renamed to "scientific" journals.When a manuscript is accepted for publication, this journal receives 4,000,000 Rials from the authors for the edition costs and so on.

Original Article Financial Economics
stigating the the impact of financial stability determinants with emphasis on the banking industry factors

ghaem hashemi; Mohammad solgi; Gholam Hassan Taghi Netaj Malik Shah

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.81779.1294

Abstract
  Financial stability refers to a situation where the financial system consisting of intermediaries, markets and market instruments and infrastructure are able to withstand shocks, as a result of which the possibility of disruption in the mediation process is reduced. The purpose of this research is to ...  Read More

Original Article Startups and its financing
The effect of enterprise risk management on the supply and demand of commercial credit

Abdonaser Derakhsan; Farshid Ahmadi Farsani; Alireza Abroud

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.85428.1355

Abstract
  Commercial credit is the most important source of short-term financing for companies and commercial enterprises. Commercial credit is one of the methods by which companies provide financing for short-term periods. The purpose of this study is to investigate the impact of enterprise risk management on ...  Read More

Original Article Budgeting and the public sector
Fiscal deficit and tax policies and their impact on economic indicators with regard to the government's sovereign role; The SVAR approach

Ramezan Ali Arshian; Karim Emami; kambiz peykarjou

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.84799.1336

Abstract
  The present study explains the response of the economic welfare index to fiscal deficit and tax policies despite the government's sovereign role for the years 1365-1400. For this purpose, using the structural vector autoregression model (SVAR), the effect of fiscal deficit, government tax policies and ...  Read More

Original Article Financial monetary economy
The effect of equilibrium exchange rate deviations on Iraq foreign trade

Mostafa Hassan Jassim Al-Jalabi; maryam emamimibodi

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.85107.1345

Abstract
  1- INTRODUCTIONWith the passage of time and the importance of international interactions between countries in the field of economy, topics such as currency market, foreign trade, capital flow in the international arena, etc. became very important in economic theoretical foundations. One of the issues ...  Read More

Original Article Financial Economics
Investigating and comparing the efficiency of econometric models (ARIMA and GARCH) and artificial intelligence (SVM and ANFIS) in predicting the price of cryptocurrencies (Bitcoin case study)

sadegh bafandeh imandoust; mehdi behname; Mehdi Roshan

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.86389.1382

Abstract
  In this study, the comparative prediction of Bitcoin price was discussed using econometric models and artificial intelligence. For this purpose, daily Bitcoin price data for the period January 1, 2016 to January 1, 2023 was collected from the Bitstamp exchange website. In addition, in this study, in ...  Read More

Original Article Financial monetary economy
Examining the effects of financial stress on the uncertainty of Iran's monetary policy despite the role of government governance in recession and boom regimes

zahra heirani; kiomars sohaili; SHAHRAM Fattahi

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.87351.1408

Abstract
  In this study, we seek to test the financial tension and uncertainty of Iran's monetary policy despite the role of government governance in recession and boom regimes. For this purpose, by using the principal component analysis (PCA) model in the first part, the financial stress index was calculated ...  Read More

پژوهشی Capital markets
Factors affecting Venture Capital Investment by Real Investors, A Study of Tehran Stock Exchange (Sari branch) Activists

mohammad reza babaei semiromi; ramezan gholami evati; sayed tohid mosavian

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.88235.1424

Abstract
  Increasing desire for venture capital is one of the growth drivers of small and medium enterprises in developing countries. Startup companies, if supported by venture capitalists, can successfully IPO, lead to the development of their market and rapid increase in profitability and increase in the value ...  Read More

پژوهشی financial and monetary policies
Investigating the dynamic Impacts of monetary policy on the return of Tehran Stock Exchange industries using the PMG model

Seyed Hassan Masoudi Alavi; Mohammad Nadiri; Alireza saranj

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.89357.1442

Abstract
  The purpose of this article is to investigate the impacts of monetary policy on the return of different industries of Tehran Stock Exchange. According to the existing theories, this effect can be different. In the current research, using the Pooled Mean Group (PMG) method, in the period of April 2010 ...  Read More

Original Article Public Sector Economics
Investigating the interactive effects of oil revenues fluctuations and severe economic sanctions on exchange rate volatility in Iran: ARDL-EGARCH approach

hojjat izadkhasti; Farnaz Mirramazani

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.86163.1373

Abstract
  Exchange rate volatility through instability in the economy causes uncertainty in the economy at the macro level and decision-making and planning of economic factors face a crisis. Also, the exchange rate is affected by several factors and the requirement for managing exchange rate volatility is to identify ...  Read More

Original Article Macroeconomics
Agent-based Modeling and Exchange rate policy After the shock of sanctions; Case study: Iran after the withdrawal of the United States from the JCPOA

hasan hasankhani; Nasser Elahi

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.89224.1440

Abstract
  With the expansion of computational and simulation capacities, factor-based models have also found a special place in the economics literature. Unlike theoretical models that mainly focus on maintaining theoretical frameworks, these models have the ability to explain the behavior of economic agents without ...  Read More

Original Article Economic Sciences
COVID-19 pandemic in economics scholarship: A bibliometric analysis

Younes Nobakht

Volume 31, Issue 2 , September 2025

https://doi.org/10.22067/mfe.2024.87771.1417

Abstract
  1. INTRODUCTIONIn addition to creating a wave of infections and deaths, the COVID-19 pandemic has involved various countries in a particular economic crisis. Therefore, researchers have tried to study and investigate the issue from different aspects of this field. For example, some researchers showed ...  Read More

The Critically Evaluation of the Baumol – Tobin Inventory Theory of Money Demand
Volume 23, Issue 12 , February 2017, , Pages 217-234

https://doi.org/10.22067/pm.v23i12.45376

Abstract
  Money is the one of the most important human innovations that has essential role in facilitating of transactions and economic evolution. Which added its performance with development and complicated of societies. The money market has like all other markets, both a demand side and a supply side. In this ...  Read More

Development of Earning Manipulation Prediction Model Applying Hybrid Neural Network and Cosmology Based Algorithms
Volume 28, Issue 21 , November 2021, , Pages 57-86

https://doi.org/10.22067/mfe.2021.71593.1099

Abstract
  Extended abstract1- INTRODUCTIONAccurately predicting earning manipulation in order to detect and identify manipulation of financial statements has always been one of the most fundamental challenges ahead of financial reports users. Because of increasing financial reporting fraud, this fact resulted ...  Read More

Examination of the Effect of the Shock Caused by Monetary Policy and Oil Revenue on Inflation and Economic Growth in Iran
Volume 27, Issue 19 , June 2021, , Pages 29-46

https://doi.org/10.22067/pm.v27i19.85109

Abstract
  Introduction Monetary and financial affiliation, always closely linked to oil sector in Iran (as an oil exporter country) has made Monetary Policy a remarkable challenge to the economic policy- makers. In fact, according to expected statistics, a considerable amount of budget is provided by currency ...  Read More

Mixed- Asset Portfolio Optimization
Volume 27, Issue 19 , June 2021, , Pages 249-278

https://doi.org/10.22067/pm.v27i19.84579

Abstract
    Introduction At the core of any investment lies the return on investment. To gain a favorable return, an investor should take investment-related risks. The interaction between risk and return can lead to decisions on asset allocation. A key strategy in investment discussions is diversification ...  Read More

Stock Market in Economic Growth: The Case of MENA Countries
Volume 20, Issue 6 , August 2013, , Pages 29-47

https://doi.org/10.22067/pm.v20i6.36349

Abstract
  According to the relationship between financial development and economic growth, the question is whether the type of financial structure (bank-based or market-based financial system) can affect the economic growth? This paper attempts to find an answer to the above mentioned question by surviving the ...  Read More

پژوهشی
*****

Alireza Abroud; Abdonaser Derakhsan; Farshid Ahmadi Farsani

Articles in Press, Accepted Manuscript, Available Online from 21 October 2024

https://doi.org/10.22067/mfe.2024.90004.1455

Abstract
  این پژوهش با هدف بررسی رابطه بین سرمایه عملیاتی، نگهداری وجوه نقد و عملکرد مالی شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران انجام شده است. سوال اصلی پژوهش این است ...  Read More

Original Article
Studying the Effect of Financial Friction and Development Shocks on Knowledge Base Index of Economic Sectors in Iran

Sareh Amirmojahedi; Ali Raeispour Rajabali; seied abdolmajed jalaee esfandabadi; reza zeinalzadeh

Articles in Press, Accepted Manuscript, Available Online from 17 July 2023

https://doi.org/10.22067/mfe.2023.81568.1292

Abstract
  Considering that in the knowledge economy , production, distribution and application of knowledge and information is the main factor of development, produce of wealth and employment in all economic activities, therefore, it is important to examine the financial friction and financial development on the ...  Read More

Original Article
Scenario Making for Adopting Suitable Monetary Policy in reducing Economic Crises Caused by Widespread Diseases on Iran’s Economic Sectors (Case of Coronavirus outbreaks)

Mojtaba Hajizadeh; mehrzad ebrahimi; hashem zare

Articles in Press, Accepted Manuscript, Available Online from 07 August 2024

https://doi.org/10.22067/mfe.2024.84244.1328

Abstract
  In this study, the optimal monetary policy was determined to reduce the negative effects of the shock caused by the spread of the corona disease on value added of economic sectors (agriculture, industry and mine and services) in Iran. For this purpose, the social accounting matrix (SAM) of the Islamic ...  Read More

Original Article
Assessing the performance of development banking in Iran's economy; Using a composite Indicator

mohammad Zhoola Zadeh Saki; kamran nadri; mahdi ghaemi asl

Articles in Press, Accepted Manuscript, Available Online from 31 August 2024

https://doi.org/10.22067/mfe.2024.86701.1393

Abstract
  Among the most important reasons for establishing development banks are:- Helping to rebuild the economies of countries;- Strengthening infrastructure and strategic sectors;- Separating commercial loans from development loans.High risk and long-term returns are a major feature of large-scale economic ...  Read More

Original Article
Investigating the effect of oil price fluctuations and economic policy uncertainty on stock returns in Iran

mahnaz mojaradi; masoud nikooghadam; behnam elyaspour

Articles in Press, Accepted Manuscript, Available Online from 03 November 2024

https://doi.org/10.22067/mfe.2024.88640.1433

Abstract
  The interaction between the stock market and the elements of the economic system has always been one of the important issues in Iran's economy On the other hand, considering that Iran is an oil exporting country, oil price changes have always been one of the important factors of economic fluctuations ...  Read More

Original Article
Investigating the effect of working capital facilities on the credit risk of Melli Bank of Iran

Seyyed Abdollah razavi; mahdis moraveji

Articles in Press, Accepted Manuscript, Available Online from 03 November 2024

https://doi.org/10.22067/mfe.2024.89666.1449

Abstract
  Banking facilities in developing countries play a pivotal role in financing and economic growth. Additionally, the strategic management of working capital is crucial for reducing credit risk and enhancing financial flexibility. While credit facilities are vital to the economy, they require effective ...  Read More

Original Article
Designing the Model of Asset and Liability Management in Keshavarzi Bank of Iran

Yaqoob shahniaee; Amin Nazemi; Navid Reza Namazi

Articles in Press, Accepted Manuscript, Available Online from 09 November 2024

https://doi.org/10.22067/mfe.2024.89202.1443

Abstract
  The main goal of this study is to design a suitable model of asset and Liability management of the Agricultural Bank with the purpose of achieving the set goals of the bank.In this research, an attempt has been made to present the optimal value of assets, debts and cash in accordance with the structure ...  Read More

Original Article
Analysis of the impact of oil shocks and exchange rate fluctuations on the economic growth of industry, agriculture and services Community Verified icon

alireza tamizi

Articles in Press, Accepted Manuscript, Available Online from 20 November 2024

https://doi.org/10.22067/mfe.2024.90396.1462

Abstract
  In different production sectors, in addition to the internal influencing components, there are some external influencing components, the occurrence of a shock in them can lead to an increase in uncertainty in the production of said sectors. Exchange rate and oil price are among these things for all countries. ...  Read More

Original Article
Compilation of Iran's criminal policy model in the field of economic and financial crimes with grounded theory approach

Mehrdad Ghani; Seyed Hossein Hosseini; Seyed Mehdi SeyedzadehSani

Articles in Press, Accepted Manuscript, Available Online from 20 November 2024

https://doi.org/10.22067/mfe.2024.90070.1457

Abstract
  Background and purpose: the main examples of criminal policies in the field of economy are aimed at economic and financial crimes, and economic and financial crimes have been given a lot of attention due to their large increase in society, and in this regard, criminal policies to deal with economic and ...  Read More

Original Article
The impact of macroeconomic variables on the price index of banks and credit institutions in Iran's capital market

Arash danialian; mahbube delfan

Articles in Press, Accepted Manuscript, Available Online from 24 December 2024

https://doi.org/10.22067/mfe.2024.89716.1452

Abstract
  Purpose: The main purpose of this study is to investigate the effect of macroeconomic variables, economic sanctions and global commodity price index on the price index of banks and credit institutions in Iran's capital market.Method: This study is using time series data with monthly frequency during ...  Read More

Original Article
Financing companies based on knowledge and transparency strategy of optimal allocation of banking resources

gholamreza sabouri; Azam Babaki rad

Articles in Press, Accepted Manuscript, Available Online from 28 December 2024

https://doi.org/10.22067/mfe.2024.90933.1475

Abstract
  In today's era, the wheels of Iran's economy revolve around banks, and this clearly shows the key role of banks in providing financial resources for economic enterprises. The current research was conducted with the aim of designing a policy model for the transparency of resource allocation in the banking ...  Read More

Original Article
Dynamic analysis of economic factors affecting interest rates in Iran: Evidence from the post-Corona era

ali cheshomi; Bahare Bazargan; mahdi khodaparast

Articles in Press, Accepted Manuscript, Available Online from 29 December 2024

https://doi.org/10.22067/mfe.2024.90501.1464

Abstract
  The interest rate is an important indicator for the economy that is affected by economic factors. Macroeconomic factors that reflect the state of the economy are important for the behavior of interest rates. In addition, major global shocks such as COVID-19 can also affect interest rates. Therefore, ...  Read More

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