FINANCIAL MARKET OF AZERBAIJAN: CURRENT CONDITION AND FUTURE PERSPECTIVES
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 1, Issue 154
Abstract
This article covers the studies of the economic model of Azerbaijan. The stages of its development and specific features are shown. It is pointed out that the base of the national economy is the production and transportation of hydrocarbon resources to world markets. Main components of the financial market are being analyzed: state budget, State Oil Fund, Azerbaijan Investment Company, banking system, foreign debt and etc. The statistic indicators that characterize financial system of the country are provided. The positive estimation of development of economy and the stability of financial system of the country by international financial organizations and rating agencies is given. This article assesses the impact of the global financial crisis on the national economy and financial system of Azerbaijan. Moreover, future development perspectives of the financial market and the economy are being examined as whole.
Authors and Affiliations
Rufat Guliev
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