DIRECTIONS OF INCREASING INFLUENCE OF NBU's MONETARY POLICY ON THE UKRAINIAN NATIONAL ECONOMY
Journal: Journal Association 1901 SEPIKE (Vol.1, No. 09)Publication Date: 2015-06-30
Authors : Galina Myskiv;
Page : 158-161
Keywords : monetary policy; financial instruments; banking system; national economy; transmission mechanism; stabilization;
Abstract
The crisis of the Ukrainian national financial system requires the development of an effective monetary policy that stabilizes the financial and credit sector and the whole national economy. Accent of the National Bank of Ukraine only on the monetary indicators didn't affect the financial and economic stability in the country and didn't stimulate the economic growth. Therefore, the article explores the essence of modern monetary policy in Ukraine, defines its main impact financial instruments and proposes the directions of strengthening and improve monetary policy for the better development of the national economy, such as: restoration the trust in the banking system, the creation of an effective transmission mechanism, conducting macro-prudential analysis, overcoming bad debts and improve of risk management, etc.
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