GLOBAL MOLIYAVIY BEQARORLIKNING O‘ZBEKISTON MILLIY VALYUTASI BARQARORLIGIGA TA’SIRI
DOI:
https://doi.org/10.5281/zenodo.22346074Abstract
So‘nggi yillarda jahon moliya bozorlarida beqarorlik darajasi sezilarli darajada oshdi:
geosiyosiy ziddiyatlar, energiya narxlaridagi keskin o‘zgarishlar va yetakchi markaziy banklarning pul-kredit
siyosatidagi tebranishlar kapital oqimlarining o‘zgaruvchanligini kuchaytirmoqda. Ushbu maqolada global
moliyaviy beqarorlikning O‘zbekiston milliy valyutasi — so‘m kursi barqarorligiga ta’sir mexanizmlari tahlil
qilinadi. Tadqiqot 2024–2026-yillardagi valyuta kursi dinamikasi, asosiy stavka, inflyatsiya, xalqaro zaxiralar va
tashqi qarz ko‘rsatkichlari misolida amalga oshirilgan. Natijalar shuni ko‘rsatadiki, qat’iy pul-kredit siyosati, oltin
zaxiralarining yuqori ulushi va pul o‘tkazmalarining barqaror oqimi milliy valyutani tashqi shoklardan muayyan
darajada himoya qilmoqda, biroq o‘sib borayotgan tashqi qarz va tashqi bozorlarga qaramlik zaiflik manbai
bo‘lib qolmoqda. Maqola yakunida valyuta barqarorligini mustahkamlash bo‘yicha aniq takliflar ishlab chiqilgan
Keywords
global moliyaviy beqarorlik, milliy valyuta, so‘m kursi, markaziy bank, valyuta zaxiralari, tashqi qarz, pul-kredit siyosatiReferences
1. Mundell, R.A. (1963). Capital mobility and stabilization policy under fixed and flexible exchange rates.
Canadian Journal of Economics and Political Science, 29(4), 475–485.
2. Rey, H. (2013). Dilemma not trilemma: The global financial cycle and monetary policy independence.
NBER Working Paper No. 21162 (Jackson Hole Economic Policy Symposium).
3. Calvo, G.A. (1998). Capital flows and capital-market crises: The simple economics of sudden stops.
Journal of Applied Economics, 1(1), 35–54.
4. International Monetary Fund. (2026). World Economic Outlook, April 2026: Global Economy in the
Shadow of War. Washington, D.C.: IMF.
5. World Bank Group. (2026). Global Economic Prospects, June 2026. Washington, D.C.: World Bank.
6. International Monetary Fund. (2026). Uzbekistan: Concluding Statement of the 2026 Article IV Mission.
Washington, D.C.: IMF.
7. Central Bank of the Republic of Uzbekistan. (2026). Press release on the main rate decision, 18 March
2026. Tashkent: CBU.
8. World Bank Group. (2026). Commodity Markets Outlook, April 2026. Washington, D.C.: World Bank.
9. Gazeta.uz. (2026). «Мы больше не хотим играть с курсом». Глава Центробанка о валютной
политике Узбекистана. Tashkent.
10. Spot.uz. (2026). В 2025 году совокупный внешний долг Узбекистана вырос на $18 млрд — до $82
млрд. Tashkent.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 GREEN ECONOMY AND DEVELOPMENT

This work is licensed under a Creative Commons Attribution 4.0 International License.


