معرفت اقتصاد اسلامی

The emergence of multiple currency crises in Iran makes it necessary to know the contexts of the crisis and its causes, as well as providing solutions to combat it. In this article, we examine the origins of currency crises in Iran and ways to deal with them based on the resistance economy approach. The analysis of the article is based on three generations of conventional currency crisis. To extract the currency crisis variable, we use the method of smoothing the exchange rate by Hodrick-Prescott filter and the empirical benchmark of the exchange rate data in Iran by the method of binary probit model. Based on research findings, the origin of currency crises in Iran is compatible with the first, second and third generations of conventional currency crises; In addition, the embargo factor is also involved in the occurrence of this crisis. Therefore, a combination of three generations, as well as the sanctions factor, are considered among the causes and roots of the currency crisis in Iran. In addition, the fitting of the model shows that the sanctions variable has intensified the effect of three generations and has a double effect on the creation of currency crisis. To deal with currency crises in Iran in the conditions of sanctions based on the approach of resistance economy, it is suggested to use the policy of stabilizing the exchange rate by the government with a limited frequency of acceptance.