ANALYSIS OF MONETARY POLICY OF UKRAINE IN THE CONDITIONS OF DEVELOPMENT OF MARKET RELATIONS

Natalia Dumych, Hryhoriy Bashnyanyn

Анотація


Introduction. In this article an analysis of national monetary policy of inflation processes regulation in transitional economies is investigated, and, based on research, make recommendations for improvement of the macroeconomic situation in Ukraine. Basic principles, directions, progress and model monetary policy trends are analyzed in EU. Priorities of monetary policy of Ukraine are considered and certainly, that adaptation of monetary policy of Ukraine to the standards of EU. Directions of adaptation of European models of monetary policy to the economy of Ukraine are investigated. Methods. The theoretical and methodological base of scientific research made of national and foreign scholars on the analysis of inflation in transition economies, official statistical data of the State Statistics Committee of Ukraine, reports the NBU. To ensure the authenticity and validity of the research results to the goal, the following methods have been used: induction and deduction – during theoretical generalizations and conclusions; analogy method – when comparing foreign experience of monetary policy; economics and statistics as methods of macroeconomic policy of Ukraine analyzing; retrospective analysis, which determines monetary policy; methods of system analysis and synthesis. Results. In the article the inflationary process in transition economies on the case is investigated. Reasonable steps further using of the European experience for Ukraine are founded. Particular attention to the normative acts improvement for the introduction of inflation targeting regime is given. Further research should relate to the construction of an own monetary policy model. In the process of its implementation it is necessary to use the experience of foreign countries. Discussion. The results of this study can be used by professionally regulating prices public authorities, such as the Ministry of Finance, the state statistical agencies.

Ключові слова


flation targeting; exchange rate; fiscal policy; inflationary expectations; interest rate; monetary policy; money supply; consumer price index; price support

Повний текст:

PDF (English)

Посилання


Batrakova, T.I., & Rogachenko, O.S. (2016). Problemy rehulyuvannya inflyatsiynykh protsesiv v Ukrayini [Problems of Inflation Control in Ukraine]. Economics and Society, 7, 5964.

Bereslavskaya, O.I. (2016). Liberalizatsiya mekhanizmu valyutnoho rehulyuvannya v Ukrayini [Liberalization of the mechanism of currency regulation in Ukraine]. Scientific notes of the National University of Ostroh Academy. Series "Economics", 2(30), 43–50.

Gataullina, E.I. (2017). Osoblyvosti inflyatsiynykh protsesiv v Ukrayini ta naslidky vprovadzhennya inflyatsiynoho tarhetuvannya [Features of inflation processes in Ukraine and the implications of the introduction of inflation targeting]. Young scientist, 4 (44), 638642.

Guard, G.V. (2015). Mekhanizmy rehulyuvannya valyutnoho rynku ta analiz efektyvnosti yikh instrumentiv [Mechanisms of regulation of the foreign exchange market and analysis of the effectiveness of their instruments]. Finances and credit, Economic Annals-XXI, 910, 6872.

Klymenko, O.M., & Matvienko, G.A. (2016). Suchasni protsesy kursoutvorennya v Ukrayini [Modern processes of exchange rate formation in Ukraine]. Reporter of the Pryazovskyi state technical University Section: Economic sciences, 31, 1, 119124.

Malakhova, O.L., & Marusin, M.V. (2016). Stabilnist valyutnoho kursu yak priorytet hroshovo-kredytnoyi polityky [Stability of the exchange rate as a priority of monetary policy]. Economy and society, 3, 425–432.

Myronenko, G.V. (2015). Trasformatsiyni protsesy valyutnoyi polityky v krayinakh TSSYE v umovakh Yevrointehratsiyi [Transformation processes of currency policy in CEE countries under the conditions of Euro integration]. Investments: practice and experience, 15, 5660.

Oliynyk, A.A. (2016). Spivrobitnytstvo Ukrayiny ta MVF u formuvanni natsionalʹnoyi valyutnoyi systemy [Cooperation of Ukraine and IMF in the formation of the national currency system]. Black Sea Economic Studies, 9–1, 35–40.




Creative Commons License
Ця робота ліцензована Creative Commons Attribution-NonCommercial 4.0 International License.


Ліцензія Creative Commons ГО "Науковий клуб "СОФУС"
Львівський торговельно-економічний університет
Подільський державний аграрно-технічний університет