Features of monetary policy of Ukraine in 2013

Inna Viktorivna Demyanenko, Yulia Oleksandrivna Kulbach


The essence of financial policy from the standpoint of the mobilization of financial resources and their subsequent use to meet the diverse needs of the state, business entities and the public is defined in the article. The individual components of financial policies are investigated. Namely, they are fiscal and credit which  are held by the state. The significance of policy in the monetary and lending as the main regulator of stability and economic development, price stability, exchange rate stability, balance of payments balance, increase welfare is considered. Particular attention is paid to the government guaranteed debt, which provides expanded production and contributes to increasing of production capacities, increases the employment rate and the banking system that leverages temporarily idle funds arising from a complete turnover of the industrial and commercial capital, and personal savings and directs them to the development of the economy. The influence of the monetary policy pursued by the state, the overall size of the GDP and the ways to support further economic growth in general - namely, creating favorable conditions for the operation of economic activities by reducing the tax burden, the adoption of competition law and the establishment of appropriate bodies to monitoring of compliance with these regulations, providinga support for SMEs through grants to prevent massive bankruptcie ; providing a guaranteed loan to ensure the efficient operation of businesses by reducing systemic risk and support the expanded reproduction of fixed assets, the introduction of new, more productive technologies, know-how , etc.; increasing of lending business entities banks. It is analysed the dynamics of consumer price index from 2007 to October 2013. It is examined the structure of government guaranteed debt, the value of deposits and total loans of banks in national and foreign currency. The research is carried out by means of analytical, statistical methods, the vertical and horizontal analysis. The analysis has identified the need to further support of the development of economic processes by using state-guaranteed loans and providing and encouraging people to investment policy that will enable to attract more financial resources.


financial policy; fiscal policy; monetary policy; guaranteed debt; deposit; credit; Consumer Price Index; GDP

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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