The Saturday Syndrome: Roots of mistrust toward the exchange rates in Azerbaijan
Hasanov, Rashad | October 2017
Abstract
“A New Manat depreciation” panic affected everyone in the country, starting from ordinary citizens to the government officials, businessmen and bank managers. The public panic happened despite the fact that around ten days ago, the head of the Central Bank announced “The currency market has been stabilized, manat has found its equilibrium in the market” [Apa.az, 19.08.2017]. Following the raising public concerns, the Central Bank presented its explanation: the final day of September coincides with Saturday and official reporting should be completed by the end of the month. In an ordinary cases, this statement should have caused public satisfaction, and the panic should have been ended. Despite this public statement by the Central Bank, for the last three days, the demand for the foreign currency in the local market has dramatically increased. This phenomenon indicates to the high sensitivity of the currency exchange market.
Citation
Hasanov, Rashad. 2017. The Saturday Syndrome: Roots of mistrust toward the exchange rates in Azerbaijan. © Center for Economic and Social Development. http://hdl.handle.net/11540/7841.Keywords
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Project impact
Development projects
Program management
Performance appraisal
Project appraisal
Technology assessment
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Results-Based Monitoring And Evaluation
Project Evaluation & Review Technique
Project Evaluation
Program Evaluation
Performance Evaluation
Operations Evaluation
Evaluation Methods
Evaluation
Exports
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Cumulative effects assessment
Grievance procedures
Participatory monitoring and evaluation
Exchange rates
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