Financial Stability In Azerbaijan: The Application Of Fuzzy Approach

G.C. Imanov (), H.S.Alieva () and R.A.Yusifzadeh ()
Additional contact information
G.C. Imanov: Institute of Control Systems of the National Academy Sciences of Azerbaijan Republic
H.S.Alieva: Institute of Control Systems of the National Academy Sciences of Azerbaijan Republic
R.A.Yusifzadeh: Institute of Control Systems of the National Academy Sciences of Azerbaijan Republic

Bulletin of Monetary Economics and Banking, 2017, vol. 19, issue 3, 319-334

Abstract: This paper develops an aggregate financial stability index (AFSI) for Azerbaijan financial system, over the period 2005-2015. The data used includes four composite indices; consisting nineteen individual indicators in total. We use intuitionistic fuzzy to set the weights of sub-indices and define the level of financial stability in Azerbaijan. Determining the weights appropriately across different years is important. This paper concludes the fuzzy assessment of the index is more capable compared to standard approach in capturing the dynamics of financial stability during the observed period.

Keywords: financial stability; intuitionistic fuzzy sets; financial development index; financial vulnerability index; financial soundness index (search for similar items in EconPapers)
JEL-codes: C43 C51 C53 E58 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://bulletin.bmeb-bi.org/cgi/viewcontent.cgi?article=1154&context=bmeb (application/pdf)

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:idn:journl:v:19:y:2017:i:3c:p:319-334

DOI: 10.21098/bemp.v19i3.668

Access Statistics for this article

Bulletin of Monetary Economics and Banking is currently edited by Paresh Narayan

More articles in Bulletin of Monetary Economics and Banking from Bank Indonesia Contact information at EDIRC.
Bibliographic data for series maintained by Lutzardo Tobing ( this e-mail address is bad, please contact ) and Jimmy Kathon ().