THE MECHANISM OF THE FORMATION OF THE EXCHANGE RATE IN UZBEKISTAN AND ITS INFLUENCE ON THE LEVEL OF INFLATION
Keywords:
Keywords: Uzbekistan, exchange rate, inflation, currency valuation, monetary policy, economic stability, financial market.Abstract
Annotation: This article explores the mechanism of exchange rate formation in Uzbekistan and its impact on inflation levels. By analyzing policy frameworks, economic dynamics, and empirical data, the study identifies key factors influencing currency valuation and inflationary trends. The article further examines global and local influences, providing actionable recommendations for policymakers to mitigate inflation risks while ensuring exchange rate stability.
References
1. Acosta, P. A., Baerg, N. R., & Mandelman, F. S. (2009). Financial development, remittances, and real exchange rate appreciation. Economic Review-Federal Reserve Bank of Atlanta, 94(1), I.
2. Barajas, A., Chami, R., Hakura, D., & Montiel, P. J. (2010) Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence. IMF Working Papers, 1-423
3. Dell’Ariccia, G. (1999) Exchange rate fluctuations and trade flows: Evidence from the European Union. IMF-Staff- Papers, 46(3), 315-334.
4. Friedman, M., & Schwartz, A. J. (1982) Monetary trends in the United States and the United Kingdom. University of Chicago Press, Chicago, IL. https://doi.org/10.7208/chicago/9780226264257.001.00013
5. Mandelman, F. S. (2013) Monetary and exchange rate policy under remittance fluctuations. Journal of Development Economics, 102, 128-147. https://doi.org/10.1016/j.jdeveco.2012.02.006
6. Tariq, M. A. (2015). Impact of Interest Rate, Inflation and Money Supply on Exchange Rate Volatility in Pakistan. Pakistan Council for Science and Technology, Islamabad, Pakistan.
