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The Impact Of The Falling Oil Prices On The Banking Sector And The Banking Crisis In Azerbaijan

Author

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  • Nijat Huseynov

    (Szent Istvan University (SZIE), Hungary)

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.

Suggested Citation

  • Nijat Huseynov, 2018. "The Impact Of The Falling Oil Prices On The Banking Sector And The Banking Crisis In Azerbaijan," Eurasian Journal of Social Sciences, Eurasian Publications, vol. 6(1), pages 17-28.
    • Handle: RePEc:ejn:ejssjr:v:6:y:2018:i:1:p:17-28
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    References listed on IDEAS

    as
    1. Hasanov, Fakhri & Huseynov, Fariz, 2013. "Bank credits and non-oil economic growth: Evidence from Azerbaijan," International Review of Economics & Finance, Elsevier, vol. 27(C), pages 597-610.
    2. Ivona MilaÄ ić-Vidojević & Oliver ToÅ¡ković & Nada Dragojević & Marija ÄŒolić, 2017. "Experienced and Anticipated Discrimination in Persons with Physical Disabilities in Serbia," European Journal of Interdisciplinary Studies Articles, Revistia Research and Publishing, vol. 3, January -.
    3. World Bank, 2017. "Republic of Azerbaijan," World Bank Publications - Reports 30207, The World Bank Group.
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    Cited by:

    1. Niftiyev, Ibrahim, 2022. "Exclusive Linear Modeling Approach to the Natural Resource Curse in the Azerbaijani Economy: Examples of Stepwise Regression," EconStor Preprints 266036, ZBW - Leibniz Information Centre for Economics.

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