OCHIQ IQTISODIYOT SHAROITIDA KAPITAL OQIMLARI VA DOLLARLASHUVNING MILLIY VALYUTA BARQARORLIGIGA TA’SIRI: NAZARIY ASOSLAR
DOI:
https://doi.org/10.5281/zenodo.22351434Abstract
Ochiq iqtisodiyot sharoitida kapital oqimlari va dollarlashuv jarayonlarining milliy valyuta
barqarorligiga ta’sir mexanizmlari nazariy jihatdan tahlil qilinadi. Mundell–Fleming modeli, trilemma,
Mundell–Fleming–Obstfeld yondashuvi, valyuta substitutsiyasi, Original Sin, balans ta’sirlari va Sudden
Stop konsepsiyalari o‘zaro bog‘liq holda ko‘rib chiqilib, ularni O‘zbekiston Respublikasi iqtisodiy sharoitiga
tatbiq etish imkoniyatlari baholanadi. Kapital kirishi va chiqishining valyuta kursiga qisqa va uzoq muddatli
ta’siri, dollarlashuvning monetar siyosat transmissiya mexanizmini zaiflashtiruvchi omil sifatidagi roli, Original
Sin effektining rivojlanayotgan mamlakatlarning tashqi qarz jalb etish imkoniyatlariga ta’siri hamda balans
ta’sirlarining moliyaviy inqirozga olib keluvchi mexanizmlari yoritiladi. O‘zbekistonda 2017-yildan boshlab
amalga oshirilayotgan valyuta siyosatini liberallashtirish jarayonlari nazariy modellar asosida baholanadi.
Keywords
kapital oqimlari, dollarlashuv, milliy valyuta barqarorligi, Mundell–Fleming modeli, trilemma, valyuta substitutsiyasi, Original Sin, balans ta’sirlari, Sudden Stop, monetar siyosatReferences
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