The NBU’s Balance Sheet: before, during, and after the Crisis
Looking at the evolution of the central bank’s balance sheet gives us a unique window on the forces that have shaped our economy and central bank reaction functions. This paper considers the evolution of the NBU’s balance sheet over the period from 2001-2016, focusing on explicit and implicit moneta...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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National Bank of Ukraine
2016-09-01
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| Series: | Visnyk of the National Bank of Ukraine |
| Subjects: | |
| Online Access: | https://journal.bank.gov.ua/en/article/2016/237/01 |
| _version_ | 1818190690593538048 |
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| author | Iryna Kachur Volodymyr Lepushynskyi Robert Zammit |
| author_facet | Iryna Kachur Volodymyr Lepushynskyi Robert Zammit |
| author_sort | Iryna Kachur |
| collection | DOAJ |
| description | Looking at the evolution of the central bank’s balance sheet gives us a unique window on the forces that have shaped our economy and central bank reaction functions. This paper considers the evolution of the NBU’s balance sheet over the period from 2001-2016, focusing on explicit and implicit monetary policy priorities at different periods. We then make simulations on the NBU’s balance sheet for the next five years assuming current NBU priorities for monetary policy. We then draw conclusions on the likely financial position of the NBU in the future and recommendations to ensure the NBU’s financial strength – essential for its continued independence. |
| first_indexed | 2024-12-12T00:02:43Z |
| format | Article |
| id | doaj.art-4891785639da4e058bcf479a6cf9147a |
| institution | Directory Open Access Journal |
| issn | 2414-987X |
| language | English |
| last_indexed | 2024-12-12T00:02:43Z |
| publishDate | 2016-09-01 |
| publisher | National Bank of Ukraine |
| record_format | Article |
| series | Visnyk of the National Bank of Ukraine |
| spelling | doaj.art-4891785639da4e058bcf479a6cf9147a2022-12-22T00:45:11ZengNational Bank of UkraineVisnyk of the National Bank of Ukraine2414-987X2016-09-0123761910.26531/vnbu2016.237.006The NBU’s Balance Sheet: before, during, and after the CrisisIryna Kachur0Volodymyr Lepushynskyi1Robert Zammit2National Bank of UkraineNational Bank of UkraineBank of EnglandLooking at the evolution of the central bank’s balance sheet gives us a unique window on the forces that have shaped our economy and central bank reaction functions. This paper considers the evolution of the NBU’s balance sheet over the period from 2001-2016, focusing on explicit and implicit monetary policy priorities at different periods. We then make simulations on the NBU’s balance sheet for the next five years assuming current NBU priorities for monetary policy. We then draw conclusions on the likely financial position of the NBU in the future and recommendations to ensure the NBU’s financial strength – essential for its continued independence.https://journal.bank.gov.ua/en/article/2016/237/01monetary policycentral bank independencecentral bank financesnational bank of ukraine |
| spellingShingle | Iryna Kachur Volodymyr Lepushynskyi Robert Zammit The NBU’s Balance Sheet: before, during, and after the Crisis Visnyk of the National Bank of Ukraine monetary policy central bank independence central bank finances national bank of ukraine |
| title | The NBU’s Balance Sheet: before, during, and after the Crisis |
| title_full | The NBU’s Balance Sheet: before, during, and after the Crisis |
| title_fullStr | The NBU’s Balance Sheet: before, during, and after the Crisis |
| title_full_unstemmed | The NBU’s Balance Sheet: before, during, and after the Crisis |
| title_short | The NBU’s Balance Sheet: before, during, and after the Crisis |
| title_sort | nbu s balance sheet before during and after the crisis |
| topic | monetary policy central bank independence central bank finances national bank of ukraine |
| url | https://journal.bank.gov.ua/en/article/2016/237/01 |
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