O‘ZBEKISTONDA KAPITAL BOZORINING RIVOJLANISH BOSQICHLARI TAHLILI
DOI:
https://doi.org/10.5281/zenodo.22642944Abstract
O‘zbekiston Respublikasida kapital bozorining shakllanishi va rivojlanish jarayonlari tarixiyinstitutsional
yondashuv asosida tahlil qilingan. Tadqiqot doirasida kapital bozori taraqqiyoti to‘rt bosqichga
ajratilgan: institutsional shakllanish (1991–2001-yillar), turg‘unlik va sekin rivojlanish (2002–2016-yillar),
liberallashtirish va islohotlar (2017–2021-yillar), shuningdek, institutsional mustahkamlash va tartibga solish
tizimini yangilash (2022–2026-yillar). Xalqaro Valyuta Fondi va Jahon bankining so‘nggi rasmiy hisobotlari,
jumladan, Moliyaviy sektorni baholash dasturi (FSAP) materiallari asosida mamlakat moliya tizimining
institutsional tarkibi, kapital bozorining moliya tizimidagi ulushi hamda uning YAIMga nisbati statistik-matematik
usullar yordamida baholangan. Tadqiqot natijalari O‘zbekiston kapital bozorining bank sektoriga nisbatan
sezilarli darajada rivojlanmaganligini, fond bozori aktivlari esa moliya tizimi jami aktivlarining atigi 0,01 foizini
tashkil etishini ko‘rsatdi. Shuningdek, kapital bozorining moliya tizimidagi ulushini oshirish uchun zarur
bo‘lgan o‘rtacha yillik o‘sish sur’atlari matematik modellashtirish asosida hisoblab chiqilgan hamda bozorning
institutsional va iqtisodiy salohiyatini oshirishga qaratilgan amaliy tavsiyalar ishlab chiqilgan
Keywords
kapital bozori, fond birjasi, moliyaviy chuqurlashuv, qimmatli qog‘ozlar bozori, institutsional islohotlar, O‘zbekiston iqtisodiyoti, moliyaviy barqarorlik, davlat korxonalarini xususiylashtirishReferences
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