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Financial Stability In Azerbaijan: The Application Of Fuzzy Approach

Author

Listed:
  • 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)

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.

Suggested Citation

  • G.C. Imanov & H.S.Alieva & R.A.Yusifzadeh, 2017. "Financial Stability In Azerbaijan: The Application Of Fuzzy Approach," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 19(3), pages 1-16, January.
    • Handle: RePEc:idn:journl:v:19:y:2017:i:3:p:1-16
    DOI: https://doi.org/10.21098/bemp.v19i3.668
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    More about this item

    Keywords

    financial stability; intuitionistic fuzzy sets; financial development index; financial vulnerability index; financial soundness index;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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