Future of Work and Digital Management Journal In Press 2027 09 01 Explanation and Assessment of the Effectiveness of Banking Policymaking on Iran’s Economic Development from an Institutional Perspective Explanation and Assessment of the Effectiveness of Banking Policymaking on Iran’s Economic Development from an Institutional Perspective 1 20 EN Journal Article 2026 07 08 <table> <tbody> <tr> <td> <p>This study aimed to explain and assess the effectiveness of banking policymaking in Iran’s economic development from an institutionalist perspective by identifying the institutional mechanisms, constraints, and conditions shaping the transmission of banking policies into developmental outcomes. This study employed a qualitative research synthesis and documentary meta-synthesis design based on the seven-stage framework of Sandelowski and Barroso. The documentary population included official monetary and banking laws, development-plan provisions, policy resolutions, research and supervisory reports, and high-ranking Persian scientific publications covering 1983–2023. From an initial pool of 158 documents, 44 sources met the inclusion and quality criteria, including 9 key legislative and policy documents, 18 detailed research and supervisory reports, and 17 scientific articles or theoretical works. Methodological quality was assessed using the 10-item CASP checklist. Data were coded and synthesized through iterative qualitative analysis, and trustworthiness was enhanced through source triangulation, parallel coding by two researchers, Cohen’s kappa (κ = 0.87), and maintenance of an audit trail. The meta-synthesis yielded 48 primary codes, 16 subcategories, and six overarching institutional dimensions. Monetary and fiscal discipline was identified in 93.18% of the final sources, followed by developmental orientation of credit allocation (88.64%), compatibility with the wider political-economic environment (86.36%), institutional coherence of banking governance (84.09%), regulatory quality and supervisory capacity (81.82%), and institutional incentives and rent structures (77.27%). The findings further indicated that fiscal dominance, credit misallocation, regulatory instability, weak supervision, rent-seeking, and insufficient long-term financing were the principal constraints on the developmental effectiveness of banking policy. Banking policymaking in Iran contributes to economic development conditionally rather than automatically; its effectiveness depends on coherent governance, fiscal discipline, productive credit allocation, effective supervision, stable institutional rules, and incentive structures aligned with long-term development objectives.</p> </td> </tr> </tbody> </table> https://journalfwdmj.com/index.php/fwdmj/article/download/371/410