Serhiy Kozmenko

The article analyzes modern tendencies and broadening dynamics of insurance companies’ and credit unions’ services in terms of world regions. The correlation analyses for finding lag relation between access broadening to the insurance companies’ and credit unions’ services and financial and economic parameters is held. The distribution-lag models for force and direction interrelation between access level to non-banking financial services and financial and economic regions development are elaborated.

Keywords: financial inclusion, insurance company, credit union, lag, economic growth, regression

Monetary transmission mechanism is a key element of the central bank’s activity, where the asset price channel plays an important role among others. Although in Ukraine it is not used. The viability analysis of this channel implementation in the monetary transmission mechanism of Ukraine is executed and the finding about current unavailability for this is made. However, the perspectivity and necessity of asset price channel implementation in the monetary transmission of Ukraine already today requires the creation of theoretic base appropriate for this. Therefore some propositions on the assets price channel implementation in the monetary transmission mechanism of Ukraine are offered.

Keywords: Central Bank, the asset price channel, monetary transmission mechanism, monetary policy, Tobin’s q effect.
JEL Classification: Е52, Е58

This study presents empirical evidence on the impact of monetary policy transparency on inflation. A lot of studies analyzed how monetary policy transparency is entangled with inflation level from a theoretical point of view and came to contradictory results (some studies argued that transparency leads to lower inflation, others concluded that transparency results in higher prices). But this study is different from prior studies. Firstly, it looks at investigated issue empirically. Secondly, it considers for other causes of inflation and employs a panel data set on central bank transparency. Thirdly this paper investigates the issue associated with transparency in Ukraine. The authors find that transparency significantly reduces inflation rates in developed countries, but it is positively associated with inflation in Ukraine.

Keywords: central bank, monetary policy transparency, information disclosure, inflation.
JEL Classification: E52, E58, E59

In the research, bank patterns analysis is held on the basis of Kohonen self-organizing maps with the aim to determine further directions of bank strategies development under the influence of crisis events in Ukraine’s economy. For model practical approval, the sample of 32 banks was formed, which presents four groups of banks according to the classification determined by the National Bank of Ukraine. While constructing model, 15 indexes were used that characterize bank’s functioning efficiency. As a result of research, cluster ranking was constructed, the groups (powerful banks, stable, problem banks and banks that are in the crisis state and bankrupt state) were formed and the trajectory of bank evolution as a patterns unity, each of which characterizes the activity of bank on a definite moment of time. It gives possibility for the government regulation authority – central bank to take decisions according to the appropriateness use of regulation instruments of separate bank with the aim of saving stable banking system state in a whole, and for the clients – to evaluate bank’s reliability.

Keywords: banks, banking system, economic modeling, Harrington desirability function, cluster analysis, self-organizing map, pattern of bank.
JEL Classifications: G17, G21, G33

The article deals with the impact of financialization on economic growth in countries of Central and Eastern Europe. It determinesthe impact of imbalances in the movement of financial resources caused by financialization on economic growth of these countries. It proves that the implementation of measures aimed at increasing the openness of the economy and maintaining solvent demand have a positive impact on economic growth of the surveyed countries in the long run. It also proves the importance of developing a set of measures of strategic nature regulating imbalances in the movement of financial resources caused by financialization.

There were many trials and obstacles on the way of the journal and publishing house. However, these were problems with growth, but on the morning of February 24, 2022, a terrible thing began. We woke up to cannon shots (in a European country in the 21st century!!!), and by evening the Russian monster was squeezing the streets of our cities with its tentacles from hundreds of pieces of equipment and thousands of soldiers. War!
How events developed further is another story. Or rather, tens of millions of stories of people who have suffered and are suffering from this absolutely illogical, surreal, and barbaric war. Here we will briefly recall the past year, as the twentieth year since the birth of the Publishing Company “Business Perspectives” and its first journal “Problems and Perspectives in Management.” About a year of work in a real and terrible war.