4 results
Search Results
Now showing 1 - 4 of 4
Item Open Access Macroeconomic Effects of Capital Flows: Kazakhstan Case(Suleyman Demirel University, 2007) Mesut YılmazThis article examines the macroeconomic effects of capital flows, with a particular focus on Kazakhstan. The study first explains different definitions of capital flows as movements of international funds across borders, including foreign direct investment and short-term capital. It highlights that opening the capital account requires certain economic preconditions, such as stable inflation, disciplined fiscal policy, and strong financial institutions. The article reviews theoretical perspectives on how capital inflows affect key macroeconomic variables, including inflation, investment, exchange rates, and the current account balance. Depending on the exchange rate regime, capital inflows may lead to real exchange rate appreciation and expansion in domestic demand. The paper also discusses the policy dilemma known as the “impossible trinity,” where a country cannot maintain free capital movement, fixed exchange rates, and an independent monetary policy simultaneously. Using data from Kazakhstan, the article shows that foreign direct investment has played a significant role in supporting economic growth and external stability.Item Open Access The stability of money demand in Kazakhstan(2020 International Young Scholars Workshop, 2020) Azizova D.; Nurova A.; Saydaliev B.H.Abstract. The objective of this research paper is to identify and analyze and investigate the domestic money demand in Kazakhstan. While in other counties money demand relies on the several factors such as: income among the population, inflation rates, real foreign interest rates, stock prices and exchange rates, we will try to find out the key dependent elements for Kazakhstan, since each country is unique and has its own benefits in terms of economy. To do so, different articles, starting all the way from the years of 2000 will be used, due to the limited amount of information available in this related topic.Item Open Access Mortgage Market of Kazakhstan(Suleyman Demirel University, 2007) Almukhamedova DilyaraThe 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.Item Open Access THE NATURE AND REASONS OF INFLATION. IMPACT OF INFLATIONARY FACTORS ON KAZAKHSTAN'S PRICE LEVEL(Suleyman Demirel University, 2012) D.S.TaimagambetThis study investigates the nature, causes, and dynamics of inflation, with a particular focus on Kazakhstan. Inflation is analyzed as a complex phenomenon influenced by monetary, non-monetary, and psychological factors, as well as market speculation. Using econometric modeling based on monthly data from 1994 to 2008, the research identifies key determinants of inflation in Kazakhstan, compares its patterns with other countries (USA, Australia, and Korea), and provides policy recommendations for mitigating inflationary pressures.