Impact of Economic Regulation through Monetary Policy: Impact Analysis of Monetary Policy Tools on Economic Stability in Uzbekistan

Umidjon Duskobilov
Additional contact information
Umidjon Duskobilov: Department of Banking, Tashkent State University of Economics, Uzbekistan

International Journal of Innovation and Economic Development, 2017, vol. 3, issue 5, 65-69

Abstract: Monetary policy is an integral part of economic development strategy in any economy due to its significant impact on economic sustainability. It has been an effective tool for regulating the economy through several tools. Nowadays the use of monetary policy tools to manage economic growth processes is a common practice in all market economies by balancing money supply and demand in domestic markets, increasing the benefits from foreign trade by exchange rate and overall financial flows by monitoring inflation rate trends. However, most effective tools are refinancing rate, mandatory reserve requirements and sterilization operations, which have direct linkages to financial flows, money supply, inflation, and exchange rate. In this paper, the author examined the impact of monetary policy tools on economic regulation in Uzbekistan by analyzing the relationship between monetary policy tools and economic growth. Empiric analysis revealed that monetary policy tools influenced positively on economic growth with a long-term relationship.

Keywords: Monetary policy; Economic regulation; Uzbekistan (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://researchleap.com/wp-content/uploads/2017/1 ... -Monetary.edited.pdf (application/pdf)
https://researchleap.com/impact-economic-regulatio ... tability-uzbekistan/ (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:mgs:ijoied:v:3:y:2017:i:5:p:65-69

DOI: 10.18775/ijied.1849-7551-7020.2015.35.2005

Access Statistics for this article

More articles in International Journal of Innovation and Economic Development from Inovatus Services Ltd.
Bibliographic data for series maintained by Bojan Obrenovic ().