The role of financial  depth in economic stability – the experiences of selected countries selected with referencs to Iraq

A Dissertation Submitted

To the Council of the College of Administration and Economics

  University of Karbala

It is part of the requirements for obtaining a PhD in Philosophy in Economic Sciences

Submitted by

Sabah Mahdi Khashan Jabr al, Zubaidi

Supervisor

          Asst.Prof.Dr                                                   Prof.Dr

Salam Kazem Shani Fatlawi                                    Almusawi   Safaa Abdul jabbar Ali

Financial depth is a critical topic that contributes to achieving economic stability. It provides a developed financial system that helps mobilize available resources, provide the necessary financing, and enhance investment rates, with a focus on how each influences the other. Financial depth works by enhancing economic stability through better and more efficient resource allocation, reducing risks, and stimulating investment. Economic stability, on the other hand, provides a favorable environment for the growth and development of the existing financial system, which enhances confidence and encourages innovation in the financial sector.

The research addressed the problem that financial systems worldwide face major challenges and financial crises, which particularly impact the performance of banks and their ability to continue their operations to provide and develop banking services and increase their capacity to stimulate economic activity.

The researcher reached a number of conclusions, including: Financial depth is a key tool for achieving the most important goals of economic stability. The more developed and efficient the financial system, the greater the economy’s ability to overcome potential financial shocks while reducing the impact of the crisis on the economy