ДЕНЕЖНО-КРЕДИТНАЯ ПОЛИТИКА В АЗЕРБАЙДЖАНЕ И В СТРАНАХ РАЗВИТОГО РЫНКА ВО ВРЕМЯ ПАНДЕМИИ КОРОНАВИРУСА
MONETARY POLICY IN AZERBAIJAN AND IN THE DEVELOPED MARKET COUNTRIES DURING THE CORONAVIRUS PANDEMIC

Summary/Abstract: The coronavirus pandemic that began in 2019 had a significant negative impact on the economies of the world. In Azerbaijan, the pandemic began in February 2020 and a special quarantine regime was announced in March. In the context of a pandemic and a special quarantine regime, in order to preserve and protect the population from the coronavirus, the government decided to limit the functioning of small and medium-sized businesses in the social sphere, tourism, public catering, which negatively affected macro and micro economic indicators. Under the current conditions, the study of the significance and role of monetary policy, as well as determining the prospects for its development in the post-pandemic period as an integral part of the state's economic policy, is especially important. The subject of the study is monetary regulation of the economy and the financial system during the COVID-19 coronavirus pandemic. The purpose of the study is to compare the monetary policy pursued in developed economies and in Azerbaijan, as well as to develop a set of measures for the development of monetary policy in the post-pandemic period. The statistical relationship between the quality of the loan portfolio of the banking sector, the price of oil and macroeconomic indicators is considered. The methods of regulating the economy through monetary policy in developed countries aimed at mitigating the impact of the pandemic on the real sector of the economy have been studied, and priority areas for the development of monetary policy in the post-pandemic period have been considered.

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