The effect of shadow banking on overdue receivables of the banking network: Evidence from Markov regime change models

In the present study, the effect of exchange rate and shadow banking along with the added value of different production sectors on the overdue receivables of the banking network in the period 2008: 2-2018: 4 has been investigated using the Markov regime change pattern. The results show that the effect of research variables in different regimes of overdue receivables is different, so that if deferred receivables are in their high regime, the growth of shadow banking has a negative and significant effect, and if in their low regime Has a positive and significant effect. The exchange rate has a positive and significant effect in the high regime of overdue receivables and has no significant effect in the low regime. The added value of the oil and services sectors in all arrears regimes leads to a reduction, which shows the importance of these sectors. However, the added value of the agricultural and industrial sectors can only be reduced if the overdue claims in the regime are high. Therefore, if the goal is to reduce the volume of delinquent receivables, the necessary policy should be implemented according to the regime in which the delinquent receivables are placed and also based on the influence of the economic and banking sectors.