The Effect of Economic Crisis of West on Asset Prices and Monetary Transmission Mechanism of Iran

Whether financial crisis is nature of capitalism or result of political blunders, in recent two decades has affected not only source countries, but also all the countries directly and indirectly. In present research, the emphasis has been put on the effect of economic crisis of America on monetary transmission mechanism from tract of asset prices. In this paper, through auto regressive structure vector of 10 variables for 1988–2010, the monetary transmission mechanism of country in periods before crisis and after crisis and its transmission to the country have been studied.