Oksana Dudchyk
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Financial literacy in Ukraine: from micro to macro level
Oksana Dudchyk , Iryna Matvijchuk , Mariia Kovinia , Tetiana Salnykova , Iryna Tubolets doi: http://dx.doi.org/10.21511/imfi.16(4).2019.21Investment Management and Financial Innovations Volume 16, 2019 Issue #4 pp. 240-253
Views: 1075 Downloads: 263 TO CITE АНОТАЦІЯLow financial literacy of population hinders the financial market development, limits the possibilities of using the savings for investing and creating the additional capital in the country. At the state level it results in inflation, the budget deficit creation, a decrease in country’s gold and foreign exchange reserves, an increase in internal and external government debt. The article analyzes the approaches to understanding the concept of financial literacy, tools for its measuring and comparing at micro and macro levels, dynamics of savings and gold and foreign currency reserves, peculiarities of financial literacy through the analysis of dynamics and structure of revenues and expenditures of the government budget and the population of Ukraine. Factors influencing the financial literacy of the population have been systematized. The findings give an idea of creating the optimal managerial influence based on the estimation of financial literacy of the Ukrainian population with the help of specific statistical indicators to expand the possibilities of such influence and to regulate the economic processes to achieve the financial stability of the state and the population. The study showed low financial literacy at both population and state levels. However, at the micro level, creating the credit relations, as well as income, expenses, and savings is more effective than at the macro level.
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The public debt of Ukraine in the economic development policy in the war and post-war periods: Bibliometric analysis
Hanna Filatova , Sergiy Voytov , Yevheniia Polishchuk , Oksana Dudchyk doi: http://dx.doi.org/10.21511/pmf.11(1).2022.12Public and Municipal Finance Volume 11, 2022 Issue #1 pp. 142-154
Views: 490 Downloads: 130 TO CITE АНОТАЦІЯPublic debt can attract funds to finance public needs and stabilize the country’s economic development. This study aims to analyze the relationship between public debt and economic development considering the war actions in Ukraine. This paper uses bibliometric analysis, comprising in-built Scopus and WoS instruments, VosViewer, and Google Trends tools. The overall results show the close relationship between public debt, economic development, and war (armed conflict) concepts. The publications were examined according to key features: containing the keywords from the green and red clusters; covering the period 2015–2018 and 2022; and discussing public debt in Central and South-Eastern Europe. This improved the theoretical and methodological approach to the bibliometric analysis of public debt. Moreover, the study identified risks (based on selected scientific publications) to which the primary attention should be paid during the war and post-war periods in Ukraine: currency and demographic risks. Key recommendations were provided to ensure debt security during the war and post-war periods. However, the given recommendations should be implemented within the framework of the Recovery Plan of Ukraine, which would improve the credit rating and reliability of the state.
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Management of budget flows under martial law
Kateryna Romenska , Viktoriia Datsenko , Valentyna Samoday , Yurii Puhach , Oksana Dudchyk doi: http://dx.doi.org/10.21511/pmf.13(1).2024.05Public and Municipal Finance Volume 13, 2024 Issue #1 pp. 55-69
Views: 197 Downloads: 48 TO CITE АНОТАЦІЯManaging budget flows under martial law is important to ensure the security and financial stability of the state, helping to mobilize the necessary resources and concentrate them on financing key needs. This paper aims to identify and outline possible measures to balance the movement of budget flows in order to harmonize them with the goals of state policy in the field of national security. The movement of budget flows of income and expenses was assessed, and trends and changes were identified using economic and statistical methods. The assessment results confirmed the need for reasonable planning of budget flows in the context of the impact of unforeseen military events on the process of budget execution in terms of revenues and expenditures, which leads to failure to meet expenditure indicators, causes a lack of financial resources and an increase in the budget deficit. One of these measures is the improvement of budget planning, which is based on the analysis, detection, and assessment of the probability of occurrence and countering the risks related to the state’s financial system. Correlation-regression analysis confirmed the growing dependence of revenues on official transfers from the EU, foreign governments, international organizations, donor institutions, and government bodies. The results obtained are basic for developing measures to balance incoming and outgoing budget flows under martial law. They provide for the obligation to create a financial support system (including international financial aid) while strengthening state financial control measures for the timely, targeted, effective direction of budget flows, including for the security and defense of the state.
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