Browsing by Author "Saydaliev H."

Now showing 1 - 1 of 1
  • Thumbnail Image
    ItemOpen Access
    VAR Analysis of the Monetary Transmission Mechanism in Kazakhstan
    (2020 International Young Scholars Workshop, 2020) Saydaliev H.; Kalikhan A.; Rakisheva A.
    Abstract. This article helps to evaluate the work of the main channels of the monetary policy transfer mechanism, namely, the work of the interest rate channel, exchange rate, and lending channel in the Republic of Kazakhstan, by the help of vector regression model (VAR). It was revealed that the main transmission channel in the study period from 2005 to 2019 in Kazakhstan was the exchange rate channel. The other two remaining channels of the monetary policy transmission mechanism (the bank lending channel and the interest rate channel) were of secondary importance