Main features of Ukrainian monetary policy during the post-crisis economy reformation


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The article is devoted to the Ukrainian monetary policy in the period of post-crisis structural reformation. Overcoming consequences of the deepest in Ukraine’s new history economic, social and political crisis become a starting point for modernization of the whole administration system and policy provided. In that period, monetary policy has been changed significantly. It was provoked by necessity for state regulator to respond to act on complex of unexpected challenges. Main features of monetary policy in 2013–2016 (active regulation, stabilization and maintaining proper equilibrium in the economic system; implementation of IMF program; gradual intensification of administrative measures; inflation targeting; influencing the regime of floating exchange rate; prices stabilization; focusing on equilibrium in the balance of payments; mobilization operations restraining; growth of the monetary base; monetary policy measures have generally been a response to fiscal policy and geopolitical policy of Ukraine) are highlighted.

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    • Table 1. The rate of decline in total assets and liabilities of Ukrainian banks (excluding exchange rate differences), UAH mln
    • Table 2. The values of the USD and EUR exchange rate set by NBU
    • Table 3. Inflation rates in Ukraine from 2000 to 2016
    • Table 4. Dynamics of inflation rates and real wages from 2010 to 2016 (cumulative total), %
    • Table 5. The structure of incomes and expenditures of Ukrainian banks
    • Table 6. Dynamics of calculation indices of the shadow economy of Ukraine estimation in 2005–2016
    • Table 7. Calculations of coefficient of the Ukrainian economy shadowing level in 2006–2016