THE IMPACT OF THE FALLING OIL PRICES ON THE BANKING SECTOR AND THE BANKING CRISIS IN AZERBAIJAN

Nijat Huseynov ()
Additional contact information
Nijat Huseynov: Szent Istvan University (SZIE), Hungary

Eurasian Journal of Social Sciences, 2018, vol. 6, issue 1, 17-28

Abstract: The Banking sector in Azerbaijan has been one of the most affected sectors and volatile due to the falling oil prices. In the recent years, the government’s approach to the banking sector has changed significantly. The national currency has depreciated against the foreign currencies. The main goal of this paper is to clarify the current situation and key challenges in the Azerbaijan Banking sector including assessing the role of the Central Bank of Azerbaijan Republic (CBA). In this paper, the crucial problems in the financial sector are also indicated and some key points for the future actions are recommended.

Keywords: Banking Sector; Central Bank; Currency; Exchange Rate; Devaluation (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://eurasianpublications.com/wp-content/uploads/2021/02/EJSS-6.1.3.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejssjr:v:6:y:2018:i:1:p:17-28

Access Statistics for this article

Eurasian Journal of Social Sciences is currently edited by Emanuele Francia

More articles in Eurasian Journal of Social Sciences from Eurasian Publications
Bibliographic data for series maintained by Esra Barakli ().