Objectivity of Unconventional Monetary Policy in Diversifying Income Sources in Iraq

Abstract

This research aims to shed light on the non-traditional monetary policy tools used in some developed and developing countries, especially during the financial crisis and was able to achieve success in diversifying sources of income, for the purpose of applying to the Iraqi economy in the future to reduce dependence on the oil sector, but the results of this research showed The traditional monetary policy instruments did not have a role in diversifying the sources of income or the composition of GDP, but only the stability of exchange rates and the size of credit and liquidity of the Central Bank to activate the tools of non-traditional monetary policy in Iraq that was adopted.