Elvsevar Ibadov
Country: Azerbaijan
Affiliation: Ph.D., Baku Engineering University and Azerbaijan State University of Economics (UNEC)
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The effectiveness of exchange rate channel in Azerbaijan: an empirical analysis
Shahriyar Mukhtarov , Serhat Yüksel , Elvsevar Ibadov , Hamid Hamidov doi: http://dx.doi.org/10.21511/bbs.14(1).2019.10Banks and Bank Systems Volume 14, 2019 Issue #1 pp. 111-121
Views: 1915 Downloads: 309 TO CITE АНОТАЦІЯThe main purpose of this study is to make an analysis to understand whether the exchange rate channel is effective in Azerbaijan. In this framework, quarterly data between 2001:01 and 2017:02 is examined in this study. Furthermore, VAR method is taken into the consideration in the analysis process. The findings show that exchange rate channel is very important for Azerbaijani economy. In other words, the exchange rate channel is working on the total output and price axis. Hence, it is recommended that necessary actions should be taken by a central bank regarding the effective usage of exchange rate channel to contribute to industrial production and employment.