Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability
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Browsing Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability by Author "Veremiienko, Vitalii"
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Item Evaluation of the effectiveness of monetary policy in Ukraine(Kyiv-Mohyla Academy Publishing House, 2023) Veremiienko, Vitalii; Primierova, OlenaThroughout the war period, the NBU's monetary policy was adaptive, focusing on crisis management and the stabilization of the financial system while laying the groundwork for post-conflict economic recovery. The unique challenges posed by the war necessitated a departure from conventional monetary policy practices, emphasizing the need for flexibility and responsiveness in central banking during times of crisis. Based on the information provided above, Ukraine followed a similar path to other countries when the NBU chose to peg the exchange rate of hryvnia to USD during the onset of the invasion. This move was made by the regulator to maintain stability in economic agents' expectations and thereby ensure macro-financial stability during the war. In addition, the fixed exchange rate played a vital role in controlling inflation.Item Inflation targeting as the main tool of monetary policy(Kyiv-Mohyla Academy Publishing House, 2023) Tomilina, Mariia; Veremiienko, Vitalii; Primierova, OlenaInflation targeting (IT) is currently one of the most popular monetary policy frameworks in both advanced and emerging economies. As of 2023, more than 70 central banks around the world have adopted it in some form, including the US Federal Reserve System, the ECB, the Bank of Japan, and the Bank of England.