THE ROLE OF THE CENTRAL BANK IN ENSURING FINANCIAL STABILITY

Abstract

This article analyzes the role of the Central Bank of the Republic of Uzbekistan (hereinafter the Central Bank) in ensuring financial stability, its functions as an institution, instruments, and policies. The concept of financial stability is considered a key factor contributing to the country's economic stability, linking the bank with the macroeconomic foundations of financial sector stability. The article discusses macroprudential policy measures implemented in Uzbekistan, the state of the banking system, and associated risks, illustrating the Central Bank’s functions with examples. Methodologically, the study is based on document analysis and a review of existing literature, providing conclusions and practical recommendations based on the current situation in Uzbekistan.