Table 1

List of variables

VariableDescriptionData sourceSample period
m0Seasonally adjusted money aggregate (M0) growth (%)CBUa2013M2∼2021M3
m0_posSeasonally adjusted money aggregate (M0) growth (positive series) (%)CBU2013M2∼2021M3
m0_negSeasonally adjusted money aggregate (M0) growth (negative series) (%)CBU2013M2∼2021M3
m2Seasonally adjusted money aggregate (M2) growth (%)CBU2013M2∼2021M3
m2_posSeasonally adjusted money aggregate (M2) growth (positive series) (%)CBU2013M2∼2021M3
m2_negSeasonally adjusted money aggregate (M2) growth (negative series) (%)CBU2013M2∼2021M3
ltirLong-term market interest rate, %p changeCBU2013M2∼2021M3
exrNominal exchange rate of the Uzbekistan som per US dollar (an increase indicates a depreciation of the som), % changeCBU2013M2∼2021M3
loanDomestic credit growth (%)CBU2013M2∼2021M3
cpiSeasonally adjusted inflation rate (MoM) (%)CBU2013M2∼2021M3
gdpSeasonally adjusted real GDP growth (%)CBU2013M2∼2021M3
wtiWTI oil price (spot) growth (%)EIAb2013M2∼2021M3
libor3-month USD LIBOR interest rate, %p changeFREDc2013M2∼2021M3
Note(s)
a

CBU: The Central Bank of the Republic of Uzbekistan.

b

EIA: The U.S. Energy Information Administration.

c

FRED: Federal Reserve Bank of St. Louis.

Source(s): Authors’ own work
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