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Title: The effectiveness of exchange rate channel in Azerbaijan: an empirical analysis
Authors: Mukhtarov, Shahriyar
Yüksel, Serhat
Ibadov, Elvsevar
Hamidov, Hamid
Keywords: monetary transmission mechanism
exchange rate channel
Azerbaijani economy
Issue Date: 2019
Publisher: LLC “Consulting Publishing Company “Business Perspectives”
Citation: Banks and Bank Systems
Abstract: The main purpose of this study is to make an analysis to understand whether the exchange rate channel is effective in Azerbaijan. In this framework, quarterly data between 2001:01 and 2017:02 is examined in this study. Furthermore, VAR method is taken into the consideration in the analysis process. The findings show that exchange rate channel is very important for Azerbaijani economy. In other words, the exchange rate channel is working on the total output and price axis. Hence, it is recommended that necessary actions should be taken by a central bank regarding the effective usage of exchange rate channel to contribute to industrial production and employment.
ISSN: 1816-7403 (print)
1991-7074 (online)
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