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Nurbek Jenish

Associate Professor


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New Campus

Phone: 0312 915000

Phone extention: (0 312) 915000 + 470

Room: 215

Deputy Governor, National Bank of the Kyrgyz Republic,

Ph.D. in Economics 


Nurbek Jenish is an Associate Professor at the Department of Economics at AUCA. He holds MS in Computing and Information Systems from Kyrgyz Technical University, MBA from Academy of Management under the President of the Kyrgyz Republic, and MA in Economics of Development from Australian National University. He has also got a PhD from Central European University. His PhD thesis, titled "Essays in Open Economy Macroeconomics", dealt with modeling of monetary and fiscal side of new European Union Member during the process of their transition to the Eurozone, and studied choice of exchange rate regime in partially dollarized developing economies. The list of courses that have been taught by Nurbek Jenish includes: Intro to Econometrics, Econometrics, Statistics for Economists with Computer Applications, Mathematics for Economists, Time Series Analysis, Intro to International Macroeconomics, Economic Research: Papers Writing, and Senior Seminar. His research interests include modeling of monetary and fiscal policy interactions in developing economies, development economics and applied econometrics.


Academic background

Ph.D. in Economics, Central European University, Budapest, Hungary

Thesis title: Essays in Open Economy Macroeconomics

2002 - 2008


Center for Economic Research and Graduate Studies, Prague, Czech Republic

Research on monetary and fiscal policies in the Eurozone accession countries.

2007 - 2008


Certificate, Citibank School of Banking, New York, USA

Course on Credit Risk Management. Topics covered: Analysis of Financial Statements, Financial Accounting, Financial Institutions and Instruments, International Accounting Standards, Industry Risk Assessment.

May 2001- June 2001


M.A. in Economics of Development, Australian National University

Mar 1999 -Dec 2000


MBA, Bishkek International School of Business and Management

Bishkek, Kyrgyzstan

1996 – 1998


Systems Engineer, Kyrgyz Technical University, Kyrgyzstan                                          

(equivalent to M.Sc. in Computer and Information Sciences)

1996 – 1997


Bachelor of Computer and Information Sciences                                                                

Kyrgyz Technical University, Kyrgyzstan

1992 – 1996


Certificate in Mathematics

Department of Mechanics and Mathematics, Moscow State University

Completed with honors

1989 – 1992


Publications and working papers:

  • On the Possibility of Inflation Targeting in Kyrgyzstan (joint with A. Kyrgyzbaeva). University of Central Asia and EERC Working Paper, 2012.
  • Export of Higher Education Services in Kyrgyzstan, University of Central Asia Working Paper, 2012.
  • Business Cycles in Central Asia and the Russian Federation, University of Central Asia Working Paper, 2012.
  • Regional Trade and Economic Growth in the CIS Region, University of Central Asia Working Paper, 2013.
  • Export-Driven SME Development in Kyrgyzstan: Garment Manufacturing Sector (forthcoming), 2014.
  • Choice of Exchange Rate Regime for Partially Dollarized Developing Economies, CEU Working Paper, 2007.
  • Optimal Monetary and Fiscal Policy Rules for New EU Countries on Their Road to Euro, CEU Working Paper, 2008.
  • Stability Analysis of Alternative Monetary and Fiscal Policy Rules for European Monetary Union Accession Countries, CEU Working Paper, 2008.


Honors & Awards:

  • Marie Curie Fellowship from CentralEuropeanUniversity and CERGE-EI, 2007
  • Full scholarship from CentralEuropeanUniversity, 2002
  • Full scholarship from International Monetary Fund and Government of Australia for a Master Program, 1999
  • Placed second in the Regional Physics Competition, 1990


Offered courses:

  • Intro to Econometrics
  • Applied Econometrics
  • Econometrics (Cross Section and Panel Data)
  • Time Series Analysis, Mathematical Economics
  • Intro to International Macro
  • Research Methods in Economics

American University of Central Asia
7/6 Aaly Tokombaev Street
Bishkek, Kyrgyz Republic 720060

Tel.: +996 (312) 915000 + Еxt.
Fax: +996 (312) 915 028