The Impact of Monetary Policy on The Performance of The Iraq Stock Exchange for The Period (2006-2023)

Abstract

The research aims to analyze the impact of monetary policy on the performance indicators of the Iraq Stock Exchange (ISX) for the period (2006-2023) through direct or indirect channels, through the interaction between economic and financial policies in monitoring developments in the Iraq Stock Exchange. Therefore, investors and financial analysts in the Iraq Stock Exchange must understand the relationship between macroeconomic policies, represented by monetary policy, and stock market performance, and view monetary policy as a policy with a significant impact on the functioning of the financial market. The research relied on annual data for the period from 2006 to 2023, with the aim of demonstrating the impact of monetary policy on the performance of the Iraq Stock Exchange through a quantitative and analytical reading of all variables and determining the type and extent of the relationship. Advanced standard methods and approaches were used, including the Autoregressive Distributed Lag (ARDL) model.