Developing a system of anti-crisis measures for Ukraine’s economy in the spread of the coronavirus pandemic

  • Received March 12, 2020;
    Accepted April 8, 2020;
    Published April 10, 2020
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  • Article Info
    Volume 15 2020, Issue #2, pp. 1-15
  • Cited by
    14 articles

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This work is licensed under a Creative Commons Attribution 4.0 International License

The new global financial and economic crisis is caused by the spread of the coronavirus epidemic, the reduction in aggregate supply, the escalation of trade wars, and the outflow of capital from emerging markets. This requires national macroeconomic regulatory authorities to take prudent measures to protect national economies from destabilizing externalities. Therefore, the purpose of the article is to justify and develop a priority system of stabilization policy and anti-crisis measures to counter the spread of external shocks in the national economy, stabilize it, and create conditions for its further recovery and sustainable economic growth. To achieve this aim, the existing theoretical sources and research materials of international organizations were systematized, the legislative and regulatory framework in Ukraine was generalized, and statistical methods, a historical method, analysis and generalization were also used. As a result, the channels of impact of external shocks on Ukraine’s economy were identified, and the areas of internal vulnerability of the national economy that could significantly increase the negative effects of externalities were determined. The knowledge gained has become the basis for formulating conceptual directions of crisis management and developing a system of measures to counteract crisis phenomena, which include the monetary policy tools of the National Bank of Ukraine, the structural and fiscal policy of the Government, as well as the banking regulation and capital control policies.

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    • Figure 1. Contribution of particular sectors to GVA growth, %
    • Figure 2. Share of borrowing in the amount of “tax receipts + unified social tax + borrowing”, %
    • Figure 3. Internal credit and banks’ requirements for the NBU and the general government sector, % of GDP
    • Figure 4. Household deposits in government securities in 2018, % of GDP
    • Conceptualization
      Bohdan Danylyshyn
    • Data curation
      Bohdan Danylyshyn, Ivan Bohdan
    • Investigation
      Bohdan Danylyshyn, Ivan Bohdan
    • Project administration
      Bohdan Danylyshyn
    • Supervision
      Bohdan Danylyshyn, Ivan Bohdan
    • Validation
      Bohdan Danylyshyn
    • Writing – original draft
      Bohdan Danylyshyn
    • Writing – review & editing
      Bohdan Danylyshyn, Ivan Bohdan
    • Formal Analysis
      Bohdan Danylyshyn, Ivan Bohdan
    • Visualization
      Ivan Bohdan