Enhancing Financial Stability Analysis of Economic Entities in Uzbekistan
Abstract
This article critically examines the current state of financial stability analysis for economic entities in Uzbekistan, encompassing both corporate and household sectors. Drawing upon a comprehensive review of international best practices and an in-depth analysis of Uzbekistan's evolving financial landscape, the study identifies key strengths, persistent vulnerabilities, and significant analytical gaps. While Uzbekistan has demonstrated robust economic growth and implemented substantial financial sector reforms, the rapid expansion of credit, the dominance of state-owned banks, and limitations in data accessibility pose challenges to comprehensive financial stability assessment. The analysis highlights that rapid economic growth, while positive, can concurrently introduce complex financial stability risks if analytical and regulatory frameworks do not evolve commensurately. Furthermore, the interplay between micro-level vulnerabilities and macro-financial stability is emphasized, underscoring the need for an integrated approach.
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