1
PhD student in financial management at Imam Sadigh University
2
M.A student in financial management at Imam Sadigh University
3
M.A student in financial accounting at University of Tehran
Abstract
Financial crisis in the economic and financial systems in the world have always prompted researchers to identify their different causes, encourage them to perform pathology for this crisis and in the next step provoke them to face with them. In a crisis, the different components of the system due to defects in other components are impaired. Since the financial crisis is a phenomenon that occurs at a global level, therefore, countries try to do some precautionary measurement before the crisis emerges.
In this paper first we study the experiences of different countries and then the causes of the crisis in those countries are explained and their strategies and measurements that these countries have used are examined and finally we reviewed and ranked strategies for prevention of financial crises in these country by the Group Analytic Hierarchy Process (GAHP) method. Based on the results from the viewpoint of Iranian experts the best overall strategy for Iran's economy is strengthening of regulations, procedures and corporate governance and subsequently prevent fluctuations of the business cycle. In operational strategies, increasing the capital requirements of financial institutions, especially banks, have been considered as the first strategy and then risk management in financial institutions is of utmost importance.
Tajmir Riahi, H., Rahmati, M., & Asharioun Ghomizadeh, F. (2016). Analysis of macro strategies to prevent financial crises In Iran's economy. Journal of Economic Essays; an Islamic Approach, 13(25), 143-175.
MLA
Hamed Tajmir Riahi; Mohammad Rahmati; Farzaneh Asharioun Ghomizadeh. "Analysis of macro strategies to prevent financial crises In Iran's economy". Journal of Economic Essays; an Islamic Approach, 13, 25, 2016, 143-175.
HARVARD
Tajmir Riahi, H., Rahmati, M., Asharioun Ghomizadeh, F. (2016). 'Analysis of macro strategies to prevent financial crises In Iran's economy', Journal of Economic Essays; an Islamic Approach, 13(25), pp. 143-175.
VANCOUVER
Tajmir Riahi, H., Rahmati, M., Asharioun Ghomizadeh, F. Analysis of macro strategies to prevent financial crises In Iran's economy. Journal of Economic Essays; an Islamic Approach, 2016; 13(25): 143-175.
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