Volume 13, Issue 1 (2013)                   QJER 2013, 13(1): 175-195 | Back to browse issues page

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Vaez Barzani M, Torki L, Jelvehgaran N. Credit Risk Scoring and International Capital Mobility in Iran. QJER 2013; 13 (1) :175-195
URL: http://ecor.modares.ac.ir/article-18-2408-en.html
1- Associate Professor in Economic Department University of Esfahan
2- Assistant Professor in Economic Department University of Esfahan
3- M.A. Graduate in Economic Department University of Esfahan
Abstract:   (5937 Views)
With globalization getting momentum, capital inflow has been an instrument for economies to grow fast in recent decades. Hence, identifying the factors that affect capital inflow and outflow - net international capital mobility- would be desirable to achieve economic stability. As usual, one of the factors that influence on capital inflow is high return of capital. New experiments explore the crucial role of risk and liquidity intensive on net international capital mobility. So, the purpose of this study is to analyze the analytical impact of credit risk scoring on the net international capital mobility in Iran within the period of 1980-2009. To achieve credit risk scoring, the Fink's scoring model has been used to identify the determinants of credit risk. Then, the rank of each factor has been appeared separately and finally the country's credit risk scoring has been estimated. Then, the final model using time series data and ordinary least squares method are analyzed. The impact of liquidity, different return of inside and outside and credit risk on net international capital mobility in Iran are discussed at the end of the paper. The results show that all mentioned variables have an anticipated effect on net capital inflow.
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Received: 2011/10/24 | Accepted: 2012/02/26 | Published: 2013/04/21

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