Seybold Report ISSN: 1533-9211
A. Mr. Karim Obeis Al-Azzawi, Abdul Rahman Faraj Salho
Faculty of Administration and Economics, University of Babylon, Iraq
Vol 17, No 08 ( 2022 ) | DOI: 10.5281/zenodo.7027112 | Licensing: CC 4.0 | Pg no: 722-739 | Published on: 27-08-2022
Abstract
The subject of bank credit is one of the most important topics in economic life in general and banking life in particular, by providing the necessary funds to investors; providing the liquidity that the Iraqi economy needs; The study is based on the financing provided by commercial banks to both local and foreign investors; The importance of the study lies in the banking ability to secure a suitable climate for the employment of manpower. The objective of the study revolves around the extent of the impact of bank credit on the unemployment rate and the jobs performed by bank credit in relation to this variable; The study concluded that bank credit is linked with the unemployment rate prepared for the study through the existence of a long-term equilibrium relationship (joint integration) between unemployment as a dependent variable and monetary credit and monetary pledges as independent variables, that is, the monetary variables and unemployment integrate in the long term and it is possible to address the problem of unemployment through changes cash. As well as the existence of a relationship between the monetary current in the Iraqi economy, and the commodity current represented in the demand for labor, and this means that it is possible to activate and revitalize the commodity sectors through monetary credit and monetary pledges. The researcher has come up with some recommendations because unemployment is a big and complex problem, so fighting it is the responsibility of all institutions that deal with money, which makes commercial banks contribute to reducing the unemployment rate, and bank credit should be a catalyst to reduce unemployment in Iraq, which is increasing.
Keywords:
bank credit, unemployment, Iraq