The aim of conducting this research was surveying the effect of macroeconomic variables (inflation, nominal exchange rate, liquidity, and gross domestic product (GDP) at constant prices) on financial indicators of banks and financial institutions in Tehran Stock Exchange). To this aim data of a 22-year period (1991 to 2012) were collected. Econometric methods, ordinary least squares (OLS) model, Dickey-Fuller unit root test, white test and Breusch-Godfrey correlation test were used for data

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... ysis. Results indicated the significant effect of nominal exchange rate, liquidity, and inflation rate on financial indicators of banks and financial institutions; but, GDP at constant prices did not have a significant effect on financial indicators.