УКР ENG

Search:


Email:  
Password:  

 REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Thematic sections of the journal

Proceedings of scientific conferences


The Activities of the Central Bank in a Pandemic
Pasichnik I. V., Nazarenko R. D.

Pasichnik, Irina V., and Nazarenko, Rostyslav D. (2020) “The Activities of the Central Bank in a Pandemic.” Business Inform 6:245–251.
https://doi.org/10.32983/2222-4459-2020-6-245-251

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 336.71

Abstract:
The article is aimed at identifying features in the implementation of monetary policy in the face of increasing crisis phenomena in the world economy caused by the pandemic. The activities and changes introduced by the central banks of the European Union, the USA, the United Kingdom to regulate the financial sector are analyzed. The activities of the National Bank of Ukraine for the beginning of 2020 to support the economy are researched, the main measures of support and forecasts of monetary policy for the current and next year are determined. The main instrument of monetary policy of the NBU is the discount rate (refinancing rate). By changing its value, the NBU affects the value of money resources – reduces to provide access or increases to restrict access to funds. At the beginning of 2020, the NBU reduced the interest rate to 8% – in order to help the business survive the time of quarantine. The main measures of central banks to support the banking system, financial stability and stimulate business activity are defined. Such measures may include the following: providing additional liquidity to banks through the monetary policy instruments; imposing restrictions on the operations and activities of commercial banks, etc. Refinancing rates by the G7 central banks have been co-ordinated and are currently around 0,25%. The priority paths of developments and the actions by central banks to restore the world economy are provided. Central banks soften monetary policy and provide liquidity to the economy in order to maintain the credit activity of banking institutions and provide the economy with the necessary resources. Thanks to these efforts, foreign countries, as well as Ukraine, will be able to restore economic growth and reach the pre-projected economic indicators.

Keywords: activities of the central bank, global crisis, pandemic economy, monetary policy, interest rate.

Tabl.: 3. Bibl.: 12.

Pasichnik Irina V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of Finance, Banking and Insurance, Kharkiv Educational and Scientific Institute of SHEI «Banking University» (55 Peremohy Ave., Kharkіv, 61174, Ukraine)
Email: [email protected]
Nazarenko Rostyslav D. – Student, Kharkiv Educational and Scientific Institute of SHEI «Banking University» (55 Peremohy Ave., Kharkіv, 61174, Ukraine)
Email: [email protected]

List of references in article

Avramenko, O. O. “Hroshovo-kredytna polityka Ukrainy v systemi zabezpechennia ekonomichnoi bezpeky derzhavy“ [Monetary Policy of Ukraine in the System of Economic Security of the State]: dys. … kand. ekon. nauk : 21.04.01, 2016.
Adamyk, B. P. Tsentralnyi bank i hroshovo-kredytna polityka [Central Bank and Monetary Policy]. Kyiv: Kondor, 2011.
Bondarenko, L. A. “Netradytsiini zakhody hroshovo-kredytnoi polityky tsentralnykh bankiv v umovakh kryzy“ [The Unconventional Monetary Policy Measures of the Central Banks in Crisis]. Bankivska sprava. 2015. http://ird.gov.ua/sep/sep20152(112)/sep20152(112)_058_BondarenkoLA.pdf
Halushko, Yu. P. “Instrumenty hroshovo-kredytnoho rehuliuvannia v systemi faktoriv ekonomichnoho zrostannia“ [Instruments of Monetary Regulation in the System of Factors of Economic Growth]: dys. … kand. ekon. nauk : 08.00.08, 2016.
Danylyshyn, B. M. “Osnovni napriamy monetarnoi polityky Ukrainy“ [Main Directions of Monetary Policy of Ukraine]. Finansy Ukrainy, no. 1 (2018): 9-25.
“Maintaining Banking System Safety amid the COVID-19 Crisis“. International Monetary Fund. March 31, 2020. https://blogs.imf.org/2020/03/31/maintaining-banking-system-safety-amid-the-covid-19-crisis/
Podkolzina, S. “Yak reahuiut inshi krainy na COVID-19?“ [How Do Other Countries React to COVID-19?]. Tsentr ekonomichnoi stratehii. https://ces.org.ua/how-countries-reacted-on-coroviruscrises/
“Informatsiia shchodo vplyvu zakhodiv z pidtrymky natsionalnykh ekonomik v umovakh pandemii COVID-19 na umovy eksportu ukrainskoi produktsii“ [Information on the Impact of Measures to Support National Economies in the Context of the COVID-19 Pandemic on the Conditions of Export of Ukrainian Products]. https://lcci.com.ua/wp-content/uploads/2020/04/Informatsiia-shchodo-vplyvu-zakhodiv-z-pidtrymky-natsionalnykh-ekonomik-v-umovakh-pandemii-COVID-19-na-umovy-eksportu-ukrainskoi-produktsii.pdf
“Statystychni dani Natsionalnoho banku Ukrainy“ [Statistical Data of the National Bank of Ukraine]. https://bank.gov.ua/control/uk/publish/article?art_id=65162&cat_id=36674
“Dopovid Holovy NBU Yakova Smoliia na zasidanni Komitetu z pytan finansiv, podatkovoi ta mytnoi polityky Verkhovnoi Rady Ukrainy. 08.05.2020 r.“ [Report of the Chairman of the NBU Yakov Smoliy at the Sitting of the Committee on Finance, Tax and Customs Policy of the Verkhovna Rada of Ukraine. 08.05.2020]. https://bank.gov.ua/ua/news/all/dopovid-golovi-nbu-yakova-smoliya-na-zasidanni-komitetu-z-pitan-finansiv-podatkovoyi-ta-mitnoyi-politiki-verhovnoyi-radi-ukrayini
“Zolotovaliutni rezervy Ukrainy“ [Gold and Foreign Exchange Reserves of Ukraine]. Ministerstvo finansiv Ukrainy. https://index.minfin.com.ua/ua/finance/assets/
“Prezentatsiia do presbryfinhu z monetarnoi polityky. 22.04.2020 r.“ [Presentation to the Press Briefing on Monetary Policy. 22.04.2020]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/admin_uploads/article/Key_messages_on_monetary_decision_pr_2020-04.pdf?v=4

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences


 OUR PARTNERS


Journal «The Problems of Economy»

  © Business Inform, 1992 - 2024 The site and its metadata are licensed under CC BY-SA. Write to webmaster