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


Issue №: 1 (67)

Published: 2024.03.31
DOI: 10.37128/2411-4413-2024-1

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: 10.37128/2411-4413-2024-1-9
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KUBAKH Tetiana – Candidate of Economical Science, Associate Professor of the Department of Financial Technologies and Entrepreneurship, Sumy State University (4000, Sumy, 116 Kharkiv Str., e-mail: t.kubakh@uabs.sumdu.edu.ua).

HULYTSKYI Vitalii – Master of the Department of Financial Technologies and Entrepreneurship, Sumy State University (4000, Sumy, 116 Kharkiv Str., e-mail: lena19804@gmail.com).


The article determines that the existence of different approaches to the interpretation of the category of «liquidity» causes not only terminological, but also practical difficulties in their use. Most of the works on this issue are devoted to theoretical aspects of liquidity, external and internal analysis of a credit institution in terms of liquidity ratios, as well as to the research of the dynamics of mandatory liquidity ratios, which tend to change in the calculation methodology. While researchng the issue of compliance with the required level of bank liquidity, scholars and practitioners often draw attention to the importance of ensuring the solvency of a financial institution as a necessary component. At the same time, the analysis based on the public web application Google Trends proved the relevance of this issue.

Taking into consideration the existing scholarship on the categories of liquidity and solvency, it can be argued that they are interdependent and interrelated, but liquidity is a broader category than solvency. It is noted that the higher the level of liquidity of the bank, the higher the level of its solvency. These indicators are main characteristics of the financial condition of the credit institution.

The relevance of this issue is confirmed by Google Trends data, which shows that over the past five years, the number of Google searches for the topic «liquidity» has been higher than for the topics «solvency» and «financial stability».

It has been proved that one of the main tasks for ensuring the required level of bank liquidity is determining the directions for optimizing indicators. This will minimize liquidity risks and ensure quick conversion of the bank’s assets into cash without significant price losses or the need to attract additional resources to fulfill obligations.

It has been identified that the degree of speed of transformation of assets into cash indicates the level of liquidity of a banking institution. In this paper, a model of a dynamic indicator based on the matrix method is used to calculate liquidity risk. The calculations made it possible to find out the need to increase liquid assets and revise the bank’s credit policy.

Keywords: liquidity, bank, bank liquidity, solvency, bank solvency, risk, dynamic indicator model

List of references

1. Investopedia Liquidity Coverage Ratio (LCR): Definition and How To Calculate. investopedia.com. Retrieved from: https://www.investopedia.com/terms/l/liquidity-coverage-ratio.asp [in English].

2. Bezvukh, S.V. (2015). Likvidnist banku: sutnist ta faktory vplyvu [Bank liquidity: the essence and factors of influence]. Efektyvna ekonomika – Effective economy, 12. economy.nayka.com.ua. Retrieved from: http://www.economy.nayka.com.ua/pdf/ 12_2015/48.pdf [in Ukrainian].

3. Blashhuk-Deviatkina, N., & Marunych, K. (2023). Upravlinnya likvidnistyu bankiv [Liquidity management of banks]. Molodyi vchenyi – Young scientist, 9. molodyivchenyi.ua. Retrieved from: https://molodyivchenyi.ua/index.php/journal/ article/view/5921 [in Ukrainian].

4. Dovhan, Y.M. (2017). Menedzhment u banku [Management at the bank]. Ternopil: Ekonomichna dumka [in Ukrainian].

5. Kataieva, S.B., Mruk, V.V. (2019). Model ocinky ryzyku likvidnosti bankivskoyi ustanovy [Model for assessing the liquidity risk of a banking institution]. Stalyi rozvytok ekonomiky – Sustainable economic development, 2 (43), 165-173 [in Ukrainian]

6. Kosarieva, I.P., & Kramska, D.O. (2018). Likvidnist banku: sutnist ta vplyv osnovnyx faktoriv na diyalnist bankiv [Bank liquidity: the essence and influence of the main factors on the activities of banks]. Prychornomorski ekonomichni studii – Black Sea Economic Studies, 29, 99–103 [in Ukrainian]

7. Ofitsiinyi vebsait Natsionalnoho banku Ukraiiny. Nahliadova statystyka [Official website of the National Bank of Ukraine. Supervisory statistics]. bank.gov.ua. Retrieved from: https://bank.gov.ua/ua/statistic/supervision-statist [in Ukrainian].

8. Podkolzina, S. (2020). Yak reaguyut inshi krayiny na COVID-19? [How do other countries respond to COVID-19?]. ces.org.ua. Retrieved from: https://ces.org.ua/how-countries-reacted-on-coroviruscrises [in Ukrainian].

9. Pro zastosuvannia Natsionalnym bankom Ukrainy standartnykh instrumentiv rehuliuvannia likvidnosti bankivskoi systemy: Postanova Pravlinnia Natsionalnoho banku Ukrainy № 615 [On the application by the National Bank of Ukraine of standard tools for regulating the liquidity of the banking system: Resolution of the Board of the National Bank of Ukraine № 615]. (2015, September 17). zakon.rada.gov.ua. Retrieved from: https://zakon.rada.gov.ua/laws/show/v0615500-15#Text [in Ukrainian].

10. Pro orhanizatsiiu systemy upravlinnia ryzykamy v bankakh Ukrainy ta bankivskykh hrupakh: Postanova Pravlinnia Natsionalnoho banku Ukrainy № 64 [On the organization of the risk management system in Ukrainian banks and banking groups: Resolution of the Board of the National Bank of Ukraine № 64]. (2018, July 11). zakon.rada.gov.ua. Retrieved from: https://zakon.rada.gov.ua/laws/show/v0064500-18 [in Ukrainian].

11. Ofitsiiny vebsait AT «PUMB». Finansova zvitnist AT «PUMB» [Official website of JSC «PUMB». Financial reporting JSC «PUMB»]. about.pumb.ua. Retrieved from: https://about.pumb.ua/finance [in Ukrainian].

12. Chastka nepracyuyuchyx kredytiv u bankax u 2022 roci zrosla do 38% unaslidok vijny. Oficijny vebsajt Nacionalnyj bank Ukrayiny [The share of non-performing loans in banks rose to 38% in 2022 as a result of the war. Official website of the National Bank of Ukraine]. bank.gov.ua. Retrieved from: https://bank.gov.ua/ua/news/all/ chastka-nepratsyuyuchih-kreditiv-u-bankah-u-2022- rotsi-zrosla-do-38-unaslidok-viyni [in Ukrainian].

13. Shvets, N. (2010). Upravlinnia ryzykom likvidnosti v bankivskykh ustanovakh Ukrainy [Liquidity risk management in Ukrainian banking institutions]. Svit finansiv – The world of finance, 3, 31-38 [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 450 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)

According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.