THE IMPACT OF MONETARY POLICY ON THE EXPORT-IMPORT BALANCE AND THE EFFECTIVENESS OF CURRENCY INTERVENTIONS
Keywords:
monetary policy, export-import balance, currency interventions, exchange rate, economic stability, foreign trade, financial policy, foreign exchange market, economic growthAbstract
This article analyzes the impact of monetary policy on the export-import balance and the effectiveness of currency interventions. The study examines mechanisms in the foreign exchange market, the central bank’s currency policy tools, and their role in economic growth and stabilizing the trade balance. It is found that managing the national currency exchange rate through currency interventions directly affects export and import volumes, thereby contributing to the balancing of the external trade account. Furthermore, the article analyzes the influence of monetary policy and currency interventions on economic stability in the context of Uzbekistan and provides recommendations for improving effective mechanisms. The findings contribute to enhancing the country’s financial policy formulation and reducing volatility in the foreign exchange market.
