Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 4 (58)

Published: 2021.12.24

DOI: 10.37128/2411-4413-2021-4

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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ANALYSIS OF THE DYNAMICS OF THE MAIN INDICATORS OF MONETARY POLICY IN UKRAINE

DOI: 10.37128/2411-4413-2021-4-7

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PETYK Lyubov – Candidate of Economic Sciences, Associate Professor of the Department of Financial Management, Ivan Franko National University of Lviv (79000, Lviv, 53, Medova Pechera Str., e-mail: liubapetyk@ukr.net).

BATSMAN Iryna – Student of the Faculty of Financial Management and Business, Ivan Franko National University of Lviv (79000, Lviv, 53, Medova Pechera Str., e-mail: ira.batsman@ukr.net).

BIDA Marta – Student of the Faculty of Financial Management and Business, Ivan Franko National University of Lviv (79000, Lviv, 53, Medova Pechera Str.,
e-mail: mybonanzaluck@gmail.com).

Annotation

The article reveals the essence of the concept of monetary policy, analyzes its definition by various scientists and scholars, and determines that monetary policy is a basic component of financial policy of the state, aimed at stable provision of the national economy with the right amount of money, increasing cash efficiency, accumulation funds of economic entities and their involvement in the banking sector, effective allocation of credit resources for the needs of sustainable development of Ukraine’s economy. The main monetary indicators that characterize the state of money circulation are presented, they include: money supply (money value), discount rate, inflation index and exchange rate. The dynamics of money supply change in Ukraine is studied. The number of monetary aggregates is determined, which include: M0 (cash in circulation outside the bank), M1 (M0 and transferable deposits in national currency), M2 (M1 and transferable deposits in foreign currency and other deposits), M3 (M2 and securities except for shares) operating in Ukraine, and their characteristics. The essence of the concept of discount rate is determined and its influence on the cost of loans provided by the National Bank of Ukraine to commercial banks, which changes the demand of the population for a consumer loan. The dynamics of the discount rate of the National Bank of Ukraine for 2014-2021 is also analyzed. The concept of inflation is defined, the consumer price index at the end of each period of 2014-2020 is considered and the dynamics of the inflation index is analyzed: the reasons for the rapid development of inflation in 2014-2015, declining rates in 2017-2020 and the forecast inflation at the end 2021-2022 are shown. The analysis of the average exchange rate (against the US dollar) in the banks of Ukraine for the period 2014-2021 is conducted and the consequences of sharp fluctuations in exchange rates, which contribute to the loss by Ukrainians a significant part of foreign currency savings are determined. The article proposes measures to protect citizens’ savings from the appreciation of exchange rates against the hryvnia: preservation of currency values in banks and insuring them against depreciation of exchange rates.

Keywords: monetary policy, main indicators of monetary policy, money supply, inflation, exchange rate, discount rate.

List of references

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2. Diachek, S.M., & Panasiuk, O.O. (2013). Hroshovo-kredytna polityka Ukrainy: sutnist, zahrozy, otsinka [Monetary policy of Ukraine: essence, threats, assessment]. Visnyk Zhytomyrskoho derzhavnoho tekhnolohichnoho universytetu. Seriia: Ekonomichni nauky – Bulletin of Zhytomyr State Technological University. Series: Economic Sciences, 2 (640), 227-233 [in Ukrainian].

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).