IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY
The article examines the current state and major imbalances in the financial market of Ukraine, which are the source of risk to the national economy and can significantly affect the monetary stability during the post-crisis period and the period of recession. Threats that are associated with peculia...
| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
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Publishing Center "Kyiv University"
2013-10-01
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| Series: | Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка |
| Subjects: | |
| Online Access: | http://bulletin-econom.univ.kiev.ua/wp-content/uploads/2015/11/152_11.pdf |
| _version_ | 1818177059610951680 |
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| author | O. Liubkina M. Borovikova |
| author_facet | O. Liubkina M. Borovikova |
| author_sort | O. Liubkina |
| collection | DOAJ |
| description | The article examines the current state and major imbalances in the financial market of Ukraine, which are the source of risk to the national economy and can significantly affect the monetary stability during the post-crisis period and the period of recession. Threats that are associated with peculiarities of the institutional structure of the financial market of Ukraine are analyzed, namely, on the one hand, the importance of banking institutions, and on the other – functional inadequacy of the banking systems in ensuring monetary and financial stability. The analysis shows that the weaknesses of the banking system have led to the accumulation of risks and structural misbalances in the Ukrainian economy which pose a danger to stability in the financial sector. Conclusions and measures are substantiated for the use of tools of monetary policy in order to strengthen monetary and financial stability. Among them are: the necessity of changes in the methodological tools of assessment of the financial stability and accumulation of systemic risk in the economy, measures to manage the inflation risk as the main internal risk for Ukraine, ways of enhancement of interaction between the banking system and the national economy through the interest rate benchmark. |
| first_indexed | 2024-12-11T20:26:04Z |
| format | Article |
| id | doaj.art-076a035d34f74c22a9c0c2d9d0dc98e8 |
| institution | Directory Open Access Journal |
| issn | 1728-2667 2079-908X |
| language | deu |
| last_indexed | 2024-12-11T20:26:04Z |
| publishDate | 2013-10-01 |
| publisher | Publishing Center "Kyiv University" |
| record_format | Article |
| series | Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка |
| spelling | doaj.art-076a035d34f74c22a9c0c2d9d0dc98e82022-12-22T00:51:57ZdeuPublishing Center "Kyiv University"Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка1728-26672079-908X2013-10-0110152576310.17721/1728-2667.2013/152-11/11IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITYO. LiubkinaM. BorovikovaThe article examines the current state and major imbalances in the financial market of Ukraine, which are the source of risk to the national economy and can significantly affect the monetary stability during the post-crisis period and the period of recession. Threats that are associated with peculiarities of the institutional structure of the financial market of Ukraine are analyzed, namely, on the one hand, the importance of banking institutions, and on the other – functional inadequacy of the banking systems in ensuring monetary and financial stability. The analysis shows that the weaknesses of the banking system have led to the accumulation of risks and structural misbalances in the Ukrainian economy which pose a danger to stability in the financial sector. Conclusions and measures are substantiated for the use of tools of monetary policy in order to strengthen monetary and financial stability. Among them are: the necessity of changes in the methodological tools of assessment of the financial stability and accumulation of systemic risk in the economy, measures to manage the inflation risk as the main internal risk for Ukraine, ways of enhancement of interaction between the banking system and the national economy through the interest rate benchmark.http://bulletin-econom.univ.kiev.ua/wp-content/uploads/2015/11/152_11.pdffinancial marketmonetary stabilitybanking systemcredit boomfinancial institutionssystematic risk |
| spellingShingle | O. Liubkina M. Borovikova IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка financial market monetary stability banking system credit boom financial institutions systematic risk |
| title | IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY |
| title_full | IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY |
| title_fullStr | IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY |
| title_full_unstemmed | IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY |
| title_short | IMBALANCES IN THE FINANCIAL SYSTEM OF UKRAINE AND THEIR TRANSMISSION TO THE SYSTEMATIC RISKS IN THE MONETARY STABILITY |
| title_sort | imbalances in the financial system of ukraine and their transmission to the systematic risks in the monetary stability |
| topic | financial market monetary stability banking system credit boom financial institutions systematic risk |
| url | http://bulletin-econom.univ.kiev.ua/wp-content/uploads/2015/11/152_11.pdf |
| work_keys_str_mv | AT oliubkina imbalancesinthefinancialsystemofukraineandtheirtransmissiontothesystematicrisksinthemonetarystability AT mborovikova imbalancesinthefinancialsystemofukraineandtheirtransmissiontothesystematicrisksinthemonetarystability |