Republic of Azerbaijan: Selected Issues

June 19, 2013

Preview Citation

Format: Chicago

Republic of Azerbaijan: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

The first paper is on the oil boom in Azerbaijan, which presents a unique opportunity to speed up the development agenda, but at the same time poses challenges to the management of macroeconomic policy. A new fiscal framework to sustain macroeconomic stability and achieve fiscal sustainability is required. The second paper is on Azerbaijan's managed exchange rate policy and the need for an orderly and durable transition to more flexible exchange rate arrangements that can mitigate risks. Even if greater flexibility is not introduced in the short term, improved monetary policy framework needs to be put in place.

Subject: Currency markets, Exchange rate arrangements, Exchange rate flexibility, Expenditure, Financial markets, Fiscal governance, Fiscal policy, Foreign exchange

Keywords: Azerbaijan, CR, Currency markets, Exchange rate, Exchange rate arrangements, Exchange rate flexibility, Fiscal governance, Global, ISCR, Market, Market participant, Oil price, Oil revenue, PIH rule, Policy vis-à-vis, Price, State

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/165
Stock No:

1AZEEA2013002
ISBN:

9781484338124
ISSN:

1934-7685

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