MONETARY RECIPES FOR ANTI-CRISIS UKRAINIAN POLICY AND THE INFLUENCE OF IMF ON THEIR APPLICATION
Journal: Journal Association 1901 SEPIKE (Vol.1, No. 09)Publication Date: 2015-06-30
Authors : Svitlana Bila;
Page : 100-103
Keywords : monetary recipes; anti-crisis policy; risks; national monetary unit (UAH); state budget deficit; International Monetary Fund (IMF);
Abstract
The topical issues of misbalance growth in socio-economic development of Ukraine and their manifestation in budgetary policy are examined in this paper. The meaning of main monetary recipes for anti-crisis policy introduced in Ukraine in context of IMF loan program realization is grounded. The special attention is paid to anti-crisis measures oriented to minimization of state budget deficit, gold and foreign currency reserves refueling to stabilize both financial system of the country and national monetary unit (UAH). The effect of banking system readjustment and increase of its stability on crediting revival (first and foremost - long-term loans) and getting the national economy out of crisis is defined. The risks connected with the effects of underestimation of "working population poverty" and employers of government service's wage and salary freeze on state budget deficit rise in Ukraine are emphasized. Appropriateness of immediate introduction of monetary recipes for anti-crisis policy in Ukraine is proved. It is believed that stable national monetary unit (UAH) and balanced state budget underlie macroeconomic stabilization.
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