Azerbaijan Diplomatic Academy

January 15, 2012
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Fuad Aliyev

Fuad Aliyev holds BA from the Azerbaijan State Economic University and MA in Political Science from Central European University (Budapest, Hungary) and MA in Legal Regulation of Economy from the Academy for Public Administration under the President of the Azerbaijan Republic. He is a Hubert Humphrey fellowship alumnus (2005/2006) and has been at different times affiliated with the University of North Carolina in Chapel Hill and the Brookings Institution. Fuad Aliyev has served at different times as lead analyst at the Center of Economic Reforms under the Ministry of Economic Development of the Azerbaijan Republic and Executive Director of Azerbaijan Marketing Society. He currently serves as Program Manager at the Azerbaijan Diplomatic Academy’s Research Council. Currently a PhD candidate, Fuad Aliyev has authored several publications in Azerbaijan and abroad on Islamic economics and finance, political economy of transition, economic reforms.

Authors articles:

Why is Azerbaijan Becoming More Competitive? According to the Global Competitiveness Report (GCR) 2009-2010 recently released by the World Economic Forum (WEF), Azerbaijan rose on that organization’s list of the most competitive countries from 69 to 51 in only one year, a remarkable achievement and one far greater than any other country over the last 12 months has accomplished...

The Impact of the Global Economic Crisis on Azerbaijan’s Banking System Azerbaijan has not been as seriously affected by the world economic crisis as have many other countries, but it has not been entirely immune both because of declines in the price of oil, Azerbaijan’s major export earner, and of problems with liquidity in the country’s banking system. The impact of falling oil prices has received a great deal of attention, but the effect of the crisis on the liquidity of the banks has not, even though the banks make up 70 percent of the non-oil GDP of the country...

‘Guerilla Islamic Finance:’ Islamic Banking The Azerbaijani Way Despite government suspicions about the threat any religion-based activities may have for secularism, an increasing number of Azerbaijanis are exploring ways to introduce Islamic banking into the country, within the existing legal and normative framework, however unfriendly to such efforts those arrangements are. This article considers some of the challenges these efforts face and analyzes what some call “Guerilla Islamic Finance” as a possible harbinger of future trends...