CREDIT DEFAULT SWAPS AS A WAY TO HEDGE AGAINST FORTHCOMING FUTURE UNCERTAINTIES IN THE DEBT MARKET OF UZBEKISTAN

Abduganiev, Abdulaziz

Innovation science and technologiy · 2025-yil

Annotatsiya

The main purpose of issuing this article is to underline a specific shortage in Capital Market of Uzbekistan. Ingreater detail, the absence of derivatives for debt instruments, in particular, corporate bonds as well as banking loans, andthis could clearly reduce the entire attractiveness of Uzbek Capital Market for foreign investors. Besides, Uzbekistan’sinternational credit rating (based on S&P Global) is “BB-”, meaning “Non-investment grade or speculative”. For thesereasons, it is advisable to take measures to introduce credit default swaps in order to protect not only investors’ portfoliosbut also commercial banks’ balance sheets from the defaults of borrowers. In our work, we have carried out somestatistical researches in the following indicators of economy: NPLs ratio (non-performing loans) between 2020-2025;Annual inflation rate between 2016-2025 and National currency value between 2016-2025

Maqola ma’lumotlari
MualliflarAbduganiev, Abdulaziz
JurnalInnovation science and technologiy
Nashr sanasi2025-12-01
Jild1
Son12
TilIngliz
DOI10.5281/zenodo.17846996

Kalit so‘zlar

Credit default swaps (CDS), capital market, S&P global, annual inflation, banking loans

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