ECONOMETRIC ANALYSIS OF THE IMPACT OF HOUSING BUBBLES ON COMMERCIAL BANKS IN UZBEKISTAN: EVIDENCE FROM NPL, LCR, AND CAR (2020–2025)
DOI:
https://doi.org/10.5281/zenodo.18486450Ключевые слова:
housing bubbles, econometric analysis, commercial banks, Non-Performing Loans (NPL), Liquidity Coverage Ratio (LCR), Capital Adequacy Ratio (CAR), Vector Autoregression (VAR), ARIMAАннотация
This article analyzes the impact of financial bubble risks formed in the housing market of Uzbekistan during
2020–2025 on the activities of commercial banks using econometric models. Based on the indicators of Non-Performing
Loans (NPL), Liquidity Coverage Ratio (LCR), and Capital Adequacy Ratio (CAR), a Housing Bubble Risk Index (PXI)
is constructed. The empirical effects of this index on credit quality, liquidity coverage, and capital adequacy within the
banking system are systematically evaluated using time-series econometric approaches.
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