Monetary Policy and Current Trends in the Development of the Banking Sector in Azerbaijan
https://doi.org/10.31432/1994-2443-2023-18-3-40-49
Abstract
The purpose of the article is a comprehensive study of aspects of the development of the banking sector in Azerbaijan and the development on this basis of practical recommendations to improve the efficiency of the country’s banking system. The processes taking place in the banking system after Azerbaijan gained independence are considered. The quantitative and qualitative parameters of the development of banks, as well as the monetary policy carried out by the Central Bank of Azerbaijan are analyzed. The indicators characterizing the credit potential of banks and their role in the development of the country’s economy are given, ways and methods for further modernization of the country’s banking system are proposed, and important tasks that need to be solved by the monetary authority of Azerbaijan are outlined. This is the reduction of inflation, maintaining a stable exchange rate of the national currency, the development of the banking sector and ensuring financial stability. When working on the article, the author relied on the research of domestic and foreign authors on the development of the national banking sector.
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Review
For citations:
Veisov E.N. Monetary Policy and Current Trends in the Development of the Banking Sector in Azerbaijan. Information and Innovations. 2023;18(3):41-49. (In Russ.) https://doi.org/10.31432/1994-2443-2023-18-3-40-49
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