Directions for improving foreign exchange rates in the Republic of Azerbaijan

The main purpose of the study is to study the trends in the improvement of exchange rates in the country. The research will be carried out by several methods, the first of which is the method of analysis. The second method is a comparative method. The methodological basis of the research is the systematic and historical approaches of local and foreign authors mentioned in the scientific literature, as well as in legislative documents. The limitation of the study is that the national literature on the subject is relatively small. The practical significance of the study is the study of the mechanism for selecting monetary policy in the Republic of Azerbaijan and assessing its impact on the exchange rate regime. Key words: macroeconomics, currency intervention, Central Bank, exchange rate

THE ROLE OF THE INVESTMENT ACTIVITY OF CENTRAL BANKS IN THE NATIONAL ECONOMY

Subject. The article is devoted to the implementation of investment activities of central banks. Goal and objectives. The article reveals the content and gives a comparative analysis of the investment activity of central banks in the different countries of the world. It defines the role of the central bank and its status in the country's financial and economic policy. Methodology. The methodological basis of the research is the general scientific method of cognition, as well as comparative, systemic and logical-structural analysis. Results. The analysis allowed the authors to structure the investment activity of central banks and to explain its individual components. The article gives a detailed analysis of motives for conducting currency intervention, instruments of investing in the foreign exchange market, as well as the role of the central bank as a lender of last resort and the crisis state of the economy as an impetus to the development of refinancing of credit institutions. It reviews various methods of refinancing and the effectiveness of their application in various economic conditions. Conclusions and significance. The research has allowed the authors to identify new tendencies, features and some contradictions of investment activity of central banks in the national economy.