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Now showing 1 - 3 of 3
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    The Exchange and the Interest Rates
    (Suleyman Demirel University, 2007) Aina Shitkanova
    This project explores the relationship between interest and exchange rates in an open economy, with a specific focus on Kazakhstan. It examines the mechanisms through which interest rates influence exchange rate movements and vice versa, analyzing how these interactions impact the country's economic situation. The study also addresses key questions such as why the Kazakhstani tenge is appreciating and why national interest rates remain high. By applying theoretical models like the IS-LM framework for open economies, the project investigates the effects of fiscal expansion and monetary contraction on output, interest rates, and currency value. In conclusion, the paper provides insights and predictions about Kazakhstan’s future monetary trends, suggesting a continued appreciation of the tenge and a gradual rise in interest rates.
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    Mortgage Market of Kazakhstan
    (Suleyman Demirel University, 2007) Almukhamedova Dilyara
    The mortgage market in Kazakhstan has been developing dynamically since the late 1990s, reflecting both growing public demand for housing and the banking sector’s increasing focus on retail lending. This paper analyzes the evolution of the Kazakhstani mortgage market, examining the structure of interest rates, regional distribution of mortgage loans, and challenges related to inflation and credit risks. Despite declining interest rates compared to earlier years, mortgage loans in Kazakhstan remain significantly more expensive than in European countries, primarily due to inflationary pressures and lower living standards that increase lending risks. The study also explores the role of the Kazakhstan Mortgage Company (KMC) in refinancing housing loans and stabilizing the market. Although the sector faces issues such as overdue loans and high insurance costs, government measures aimed at improving the financial system and controlling inflation provide an optimistic outlook for the sustainable development of the mortgage market in Kazakhstan.
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    PERSPECTIVES OF CONSUMER LENDING IN KAZAKHSTAN
    (СДУ хабаршысы - 2023, 2023) Bolatov N.
    Abstract. Consumer lending is a critical aspect of the modern economy, providing individuals with access to credit for various purposes. As we look towards the future, it is essential to understand how consumer lending may evolve and what factors may shape its development. This survey aimed to gather perspectives on consumer lending in the future, including potential trends, concerns, and preferences. It is very important because the volume of consumer lending in Kazakhstan has increased rapidly in last 5 years. The survey found that the majority of respondents were likely to use consumer lending services in the future, and they expected to see more personalized lending options, increased use of AI and machine learning in lending decisions, and more competition between lenders leading to lower interest rates. However, respondents also expressed concerns about potential risks associated with lending, such as high interest rates and debt accumulation, and were not sure on the potential popularity of alternative lending options. When it comes to choosing a lender, respondents considered reputation of the lenders more than other factors, it shows that goodwill of lenders more important than other factors in choosing a lender. Finally, respondents were divided on how the COVID-19 pandemic has impacted consumer lending, with some expecting tighter lending requirements and higher interest rates in the future, while others anticipated more lenient lending requirements and lower interest rates. Overall, these findings underscore the complex nature of consumer lending and the importance of considering multiple factors when assessing its development in the future. The research paper uses qualitative research method, if more accurately, author used a survey method to know the opinions of people about what they think about future of consumer lending in Kazakhstan.