Document Details

Document Type : Project 
Document Title :
Substitution of cash and its impact on monetary policy in the Kingdom of Saudi Arabia.
الاحلال النقدي وأثره على السياسة النقدية في المملكة العربية السعودية.
 
Document Language : Arabic 
Abstract : This research aims to study the phenomenon of substitution of bank deposits in the Saudi banking system between deposits in local currency and foreign currency deposits, and knowledge of the economic variables that affect this phenomenon. Given that bank deposits in foreign currency are not limited to the same currency Bh, the use of Saudi riyal exchange rate against the currency of certain influential variable in the process of replacement is inadequate. So the study used the Saudi riyal exchange rate for the SDR as an indicator of the value of the Saudi riyal for major foreign currencies. The study concluded that the difference between the rate of domestic inflation and the rate of inflation, external play a key role in the process of replacement by the Saudi riyal exchange rate against the SDR. Contrary to the findings of previous studies in this subject, the difference between the return on deposits in local currency and the return on deposits in foreign currencies on the one hand and the political climate on the other hand did not have a significant impact (significant) on the phenomenon of replacement deposits between the local currency and foreign currency in the banking system Saudi Arabia. For the first variable, this result is due to the equivalent of return on deposits in local currency and the return on deposits in foreign currencies. As the political climate there is a possibility to influence on the phenomenon of leakage of deposits out of the Saudi banking system (capital flight), but the effect was not evident at the phenomenon of substitution between the local currency deposits and foreign currency 
Publishing Year : 1415 AH
1995 AD 
Sponsor Name : kau 
Sponsorship Year : 1415 AH
1995 AD 
Added Date : Wednesday, April 30, 2008 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عيد عبدالله الجهنيaljohani, eeid abdullahInvestigatorDoctorate 

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