February 13, 2015 BAFE’s students heard a lecture on the theme: “Issues of financial stability in Kyrgyzstan. The reasons of the past global financial crisis “(within the mathematical methods in economics). Lecture was held by  Ulukbek Usubaliev – head of financial stability monitoring department of National Bank of Kyrgyz Republic. He made internships in Austria (course in Applied Economic Policy, organized by the Joint Vienna Institute in cooperation with the National Bank of Austria, the World Bank, the International Monetary Fund and the WTO), as well as in the banks of US, Switzerland, Czech Republic, Korea etc.

In the first half of the lecture, he talked about current financial stability in Kyrgyzstan, main factors influencing the stability of the financial sector of the Kyrgyz Republic and relationship between financial and macroeconomic stability. The second part of the lecture covered the last global financial crisis, which began in the US financial markets and subsequently spread to other countries. Mr. Usubaliev explained the reasons and consequences of the global financial crisis for the Kyrgyzstan.

The cooperation of the National Bank with foreign central banks and international financial institutions on research in the field of financial stability was noted. During the lecture Mr. Usubaliev noted that the National Bank regularly publishes reports on the stability of the financial sector of the Kyrgyz Republic (www.nbkr.kg), in which the National Bank informs the public about the overall assessment of the stability and resilience of the financial system of the Kyrgyz Republic. www.nbkr.kg