International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 842
Status : Paper published
Language : Russian
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Omurbek Karatalov
Session : 7E Экономический рост и развитие
World Financial Crisis and its Affects on the Kyrgyz Economy
Мировой финансовый кризис и его влияния на состояние экономики Кыргызстана
- Prof. Dr. Omurbek Karatalov (Kyrgyz-Russian Slavic University, Kyrgyzstan)
Abstract
Аbstract This paper has been investigated the main reasons world financial and economic crisis and defined the bases of split of the world financial environment. The paper offers ways of overcoming on financial and economic crisis in conditions of Kyrgyzstan within development of Eurasian economy. Priorities and strategy of development of the country on the near-term outlook for recovery from the crisis has been developed.In this paper has been used empirical, available historical data and individual professional knowledge in determination of priorities and strategy of development of the country on the near-term outlook for recovery from the crisis, improvement and preservation of stability of a macroeconomic situation, ensuring stability of a banking system, improvement of food, energy, industrial and ecological security are defined.This paper has been stated the main reasons of world financial and economic crisis and defined the bases of split of the world financial environment. The paper has identified the ways of overcoming on financial and economic crisis in conditions of Kyrgyzstan within development of Eurasian economy. The new economic model of development of the country is developed. Measures for demand stimulation are provided: reorientation to sectors with fast return; formation of the competitive environment for the purpose of the monopolist prevention, rendering financial support to subjects of small and average business.
JEL codes: B26, H40
Karatalov, Omurbek (2014). "World Financial Crisis and its Affects on the Kyrgyz Economy" in Proceedings of International Conference of Eurasian Economies 2014, pp.1129-1137, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.00842
Session 7E: Экономический рост и развитие
