The Effect of Financial and Economic Strategies on Monetary Development in Iraq for the Period (1990-2022)

The research directs to examine the performance of monetary and economic strategies (1990-2022) and their influence on financial development according to the St. Louis model. The results of the analysis determine that the influence of economic strategy on monetary development, in the long run, is greater than the impact of budgetary procedure, but in practice, the impact of each is large and complementary to the other. Accordingly, using the (ARDL) Auto Regressive Distributive Lag Model, a direct and significant association was observed for both money supply and government spending on economic growth, confirming the presence of a long-term association.