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


Issue №: 4 (58)

Published: 2021.12.24
DOI: 10.37128/2411-4413-2021-4

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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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).


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 journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration


Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)


The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.


Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.


Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "