Designing a financial stability measurement model using the approach of constructing composite criteria (CCI).

Document Type : Original Article

Authors

1 Master's student in the field of financial management, Imam Hossein University (AS), Faculty of Management and Planning, Budget and Finance Center

2 Emam Hossein

Abstract

Financial stability is one of the important topics that has been increasingly paid attention to by policymakers in the last two decades. Controlling and improving financial stability requires its measurement. Based on this, the aim of the current research is to "design a model for measuring financial stability in Iran's financial system". In terms of developmental-applicative goal and in terms of asset methodology, it is a quantitative approach, of survey-Delphi type, which was done in two stages of literature content analysis and Delphi. The indexing approach of this research is the construction of composite indices (CCI), which was done in three stages. In the first stage, using the content analysis technique, the extracted components and indicators have been used to finalize the measurement and weighting model using the Delphi technique. The statistical population of the research includes experts and elites in the field of banking, 14 people were selected as a Delphi expert panel using the purposeful-judgemental sampling method, and a consensus was reached in two Delphi rounds. The findings showed that the financial stability measurement model has five dimensions (institutional quality, banking health, macro economy, capital market and financial fragility), and 21 components. Institutional quality and banking health are the most important dimensions among the dimensions examined.

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References

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Budget and Finance Strategic Research
Volume 4, Issue 2 - Serial Number 14
Summer Quarterly
July 2023
Pages 175-203

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History

  • Receive Date: 20 March 2023
  • Revise Date: 11 May 2023
  • Accept Date: 17 June 2023

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