Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability
Permanent URI for this collection
Browse
Browsing Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability by Author "Mordas, Olena"
Now showing 1 - 2 of 2
Results Per Page
Sort Options
Item Exploring the relationship between exchange rate dynamics and trade competitiveness of Ukraine(Kyiv-Mohyla Academy Publishing House, 2023) Mordas, Olena; Slaviuk, NataliiaThe main relationship between exchange rate dynamics and trade competitiveness of Ukraine is represented by Vector Autoregressive model (VAR). This model is based on the reproduction of the dynamics of the time series based on its historical values, and long-term memory of series. Thus, a feature of these models is a high empirical level. Since it was important to investigate the short-term forecast and analyze the relationships between the variables, therefore, the VAR model was chosen. Let's move on to the first stage of building the model - data selection and preparation.Item Influence of the exchange rate policy on trade competitiveness of the country(Kyiv-Mohyla Academy Publishing House, 2023) Mordas, Olena; Slaviuk, NataliiaIt is worth starting with the fact that, according to the authors, in the post-war period, the optimal exchange rate policy is to return to a floating currency regime in future. At the beginning of the full-scale invasion in February 2022, the National Bank was forced to fix the course in order to avoid panic and support the economy and financial activity of the country. Such actions had a positive result in the first months of the war. However, in the long term, fixing the exchange rate will lead to deepening of the country's economic problems. Thus, the exchange rate of the dollar is an indicator of the purchasing power of the population, the level of competitiveness of goods of national producers, inflationary expectations, etc. In the conditions of a fixed foreign currency regime, there is an accumulation of economic imbalances that are not reflected in the dynamics of the exchange rate.