Financial Risk Management Strategies and Their Analysis in Uzbekistan and Internationally

Abstract

This article describes strategies for managing financial risks in Uzbekistan and internationally, as well as their practical analysis. The concept of financial risk, and its main types - market, credit, liquidity, currency, and interest rate risks are analyzed. The reforms in the field of risk management, the banking sector reform, and the development of the insurance system are discussed in the experience of Uzbekistan. Also, proposals were made to improve the efficiency of financial risk management.