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Dynamics of development and directions of structuring of the banking sector of Azerbaijan

Magerramov Amil Mamedali  (doctor of economic sciences, professor, Baku State University)

Mansurov Anar Eldar  (Graduate student, Baku State University)

The article is devoted to the dynamics of development and direction of structuring of the banking sector of Azerbaijan. It is noted here that the banking system of Azerbaijan functioned in a very sensitive global economic environment, and within the country there was a high activity in the non-oil sector of the economy. Also, the author notes that the financial stability in Azerbaijan against the backdrop of a sharp drop in oil prices and the continuing decline in the exchange rates of the national currencies of the countries that are the main trading partners of the Republic of Azerbaijan led to a floating exchange rate regime regulated by the Central Bank in December 2015.

Keywords:banking sector, economic activity, economic stability, foreign exchange reserves, non-oil sector
 

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Citation link:
Magerramov A. M., Mansurov A. E. Dynamics of development and directions of structuring of the banking sector of Azerbaijan // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2018. -№01. -С. 72-77
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