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    The unexpected revenge of manat in Azerbaijan: what is going on in currency markets?

    Hasanov, Rashad | February 2017
    Abstract
    The rapid appreciation of the national currency manat over recent days has created a shock effect across the local population. Everyone, including the participants of the currency markets are trying to understand the causes driving the existing developments in the value of currencies. The current situation has even left local economists puzzled, who are struggling to put forward any explanation. As it stands, the questions such as “to what extent can manat gain value?”, “what causes the existing developments?”, “what is the degree of administrative intervention to the processes?” and etc. remain unanswered. Even the officials in government and Central Bank have not provided any explanation. Thus, in the following chapters, we will attempt to answer a number of the pressing questions briefly.
    Citation
    Hasanov, Rashad. 2017. The unexpected revenge of manat in Azerbaijan: what is going on in currency markets?. © Center for Economic and Social Development. http://hdl.handle.net/11540/7222.
    Keywords
    Enterprises
    Financial aid
    Economies in transition
    Local Finance
    Local Government
    Insurance Companies
    Banks
    Social Equity
    Economic Development
    Economic Infrastructure
    Economic Policies
    Regional Economic Development
    Microfinance Programs
    Public Finance
    Local Financing
    Financial Stability
    Financial Sector Regulation
    Social responsibility of business
    Accounting
    Personal budgets
    Cost and standard of living
    Bank accounts
    Credit control
    Regulatory reform
    Banks and banking
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    Citable URI
    http://hdl.handle.net/11540/7222
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    CESD_Report_Exchange-rate_Revaluation.pdf (624.5Kb)
    Author
    Hasanov, Rashad
    Theme
    Economics
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise