DAVLAT OBLIGATSIYALARI LIKVIDLIGI VA BANK SEKTORLARI O’RTASIDAGI MUVOFIQLIK MASALALARI
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Abstract:
Davlat obligatsiyalari hozirgi davrda mamlakatlarning moliyaviy tizimida muhim o‘rin egallagan moliya instrumenti hisoblanadi. Ular hukumat tomonidan byudjet taqchilligini qoplash, davlat dasturlarini moliyalashtirish yoki iqtisodiy barqarorlikni saqlash maqsadida chiqariladigan qimmatli qog‘ozlar bo‘lib, ularning asosiy afzalligi yuqori ishonchlilik va likvidlik bilan tavsiflanadi. Shu boisdan davlat obligatsiyalari nafaqat investitsion vosita, balki bank sektori uchun ham muhim likvid aktiv sifatida qaraladi. Banklar o‘z balansida yuqori likvid aktivlar saqlashi zarur bo‘lgani uchun, davlat obligatsiyalari ularning aktivlar portfelida markaziy o‘rin tutadi. Ular banklarning majburiy likvidlik normativlarini bajarish, to‘lovga qobiliyatli bo‘lish va kutilmagan bozor o‘zgarishlariga moslashuvchanlikni ta’minlaydi.
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