THE STOCK MARKET AND DEMAND FOR MONEY IN UZBEKISTAN
Keywords:
Stock Market, Money Demand, Financial Reform, Monetary Policy, Economic Transition, Inflation, Currency Stabilization, Investment Climate, Liquidity, Interest Rates, Financial Infrastructure, Economic Growth, Capital Controls, Market Liberalization, Financial Market Development, Inflation, Financial Instruments, Monetary Stability, Stock Market DevelopmentAbstract
This report examines the interaction between the stock market and the demand
for money in Uzbekistan. As a developing economy undergoing financial reforms and
liberalization, Uzbekistan is striving to establish a developed and efficient market. In this context,
studying the relationship between monetary policy and stock market activity is important for
enhancing the effectiveness of economic growth, improving monetary policy, and creating a
favorable investment climate. Compared to developed economies, Uzbekistan’s stock market is still
relatively young in terms of development, structure, liquidity, trading volume, and the number of
listed companies. Although recent government reforms aimed at liberalizing the economy and
attracting foreign investment have gradually increased market participation, significant
challenges remain
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President of the Republic of Uzbekistan. (2018, November 21). On measures to further modernize the digital infrastructure in order to develop the digital economy (Resolution No. PP-4022). Toshkent.
