FINANCIAL STABILITY IN AZERBAIJAN: THE APPLICATION OF FUZZY APPROACH

Authors

Gorkhmaz Imanov, National Academy Sciences of Azerbaijan Republic, Republic of AzerbaijanFollow
Heyran Alieva, National Academy Sciences of Azerbaijan Republic, Republic of AzerbaijanFollow
Rashad Yusifzadeh, National Academy Sciences of Azerbaijan Republic, Republic of AzerbaijanFollow

Document Type

Article

Abstract

This paper develops an aggregate financial stability index (AFSI) for Azerbaijan financial system, over the period 2005-2015. The data used includes four composite indices; consisting nineteen individual indicators in total. We use intuitionistic fuzzy to set the weights of sub-indices and define the level of financial stability in Azerbaijan. Determining the weights appropriately across different years is important. This paper concludes the fuzzy assessment of the index is more capable compared to standard approach in capturing the dynamics of financial stability during the observed period.

Recommended Citation

Imanov, Gorkhmaz; Alieva, Heyran; and Yusifzadeh, Rashad (2017) "FINANCIAL STABILITY IN AZERBAIJAN: THE APPLICATION OF FUZZY APPROACH," Bulletin of Monetary Economics and Banking: Vol. 19: No. 3, Article 1.
DOI: https://doi.org/10.21098/bemp.v19i3.668
Available at: https://bulletin.bmeb-bi.org/bmeb/vol19/iss3/1

First Page

319

Last Page

334

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Republic of Azerbaijan

Affiliation

National Academy Sciences of Azerbaijan Republic