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Item Розвиток ринку споживчого кредитування в умовах воєнного стану(2024) Кужелєв, Михайло; Нечипоренко, АлінаУ статті розкрито основні причини, що зумовлюють розвиток ринку споживчого кредитування в умовах воєнного стану в Україні. Розглянуто різні підходи до визначення категорії "споживчий кредит" та надано авторське трактування. Досліджено вплив споживчого кредитування на національну економічну систему. Визначено, що в умовах війни руйнуються не тільки сталі господарські зв’язки у сфері виробництва та торгівлі, а й створюються суттєві дисбаланси на ринку споживчого кредитування. В свою чергу дисбаланси продукують ризики для ключових суб’єктів ринку — кредиторів та позичальників. Проаналізовано обсяги наданих кредитів домашнім господарствам за 2018–2023 рр. Визначено, що найбільшу частку в структурі кредитів займають споживчі кредити. Розглянуто динаміку споживчого кредитування в розрізі термінів кредитування, де зауважено, що кредити терміном до 1 року мають тенденцію до зростання. Зазначено, що сучасна практика кредитування в Україні свідчить про те, що споживчі кредити користуються популярністю серед населення. Визначено основні чинники, що гальмують розвиток ринку споживчого кредитування в Україні та представлено пропозиції щодо його подальшого розвитку. Зроблено висновки, що ринок споживчого кредитування відіграє суттєвий вплив на розвиток системи економічних відносин в країні. Саме активність на цьому ринку можна вважати індикатором стану економічної системи та фактором системного розвитку розширеного виробництва.Item Impact of shocks on stock markets: comparative analysis for alternative investment asset classes(ВШЕМ – ХНЕУ ім. С. Кузнеця, 2023) Kaminskyi, Andrii; Butylo, DenysThe shocks in stock markets are a recurrent phenomenon which is evidenced by sharp and deep deviations of market parameters. This usually leads to destabilization of the entire market during a certain period. The recovery of the market which begins after the shock can be realized by different forms and periods. From a theoretical and methodological point of view, shocks are unpredictable events that do not fall under the semistrong level of market efficiency (according to E.Fama approach), which developed markets typically characterized. Within these limits, we applied a statistical approach to event-analysis of the impact of shocks on alternative investment assets. The alternative investment market has been actively developing in the last decade and its further dynamics generates significant interest among investors. Today, this asset class is actively used by investors in the formation of portfolios. The advantage of this approach is explained by the relatively weak level of interdependence with the market of traditional assets. We used ETF-based approach for analysis. As part of this approach, splitting ETFs into a certain number of classes related to the different nature of alternative assets was involved. As initial point for the study, we formulated three hypotheses regarding the behavior of investors in conditions of shock and reformatting of portfolios. To test the hypotheses, a group of indicators was formed that, in numerical form, reflect the effects assumed in the hypotheses. The indicators were calculated for two shocks of financial markets generated by external factors for the market. The first was the shock caused by the pandemic generated by the Covid-19 virus dissemination. The second was the shock generated by Russia's full-scale invasion of Ukraine. The analysis of the obtained numerical estimates confirmed the hypotheses put forward by us. The market for alternative assets has significantly adjusted for both shocks. But the type of reaction differed between these two shocks and different classes of ETFs. The study identified classes that demonstrated a strong response and those that showed a weak response. The economic substantiation of the obtained results is provided.Item Облікова політика будівельного підприємства(2023) Іванова, ТетянаТези доповіді учасника ІV Міжнародної науково-практичної інтернет-конференції "Маркетингові стратегії, підприємництво і торгівля: сучасний стан, напрямки розвитку", 20 квітня 2023 року.Item Сертифікація бухгалтерів і аудиторів: вітчизняна практика(2023) Іванова, Тетяна; Юхименко, В.Тези доповіді учасників ІV Міжнародної науково-практичної інтернет-конференції "Маркетингові стратегії, підприємництво і торгівля: сучасний стан, напрямки розвитку", 20 квітня 2023 року.Item Будівельні ліцензії як об'єкт нематеріальних активів: сутність та облік(2023) Іванова, Тетяна; Тритяк, Є.Тези доповіді учасників ІV Міжнародної науково-практичної інтернет-конференції "Маркетингові стратегії, підприємництво і торгівля: сучасний стан, напрямки розвитку", 20 квітня 2023 року.Item Аудит оплати праці на будівельних підприємствах(2023) Іванова, Тетяна; Кушнірук, О.Тези доповіді учасників ІV Міжнародної науково-практичної інтернет-конференції "Маркетингові стратегії, підприємництво і торгівля: сучасний стан, напрямки розвитку", 20 квітня 2023 року.Item Зарубіжна практика складання та подання балансу компанії(2023) Іванова, Тетяна; Коваленко, Т.Тези доповіді учасників ІV Міжнародної науково-практичної інтернет-конференції "Маркетингові стратегії, підприємництво і торгівля: сучасний стан, напрямки розвитку", 20 квітня 2023 року.Item Інвентаризація як дієвий метод контролю за збереженням майна будівельного підприємства(2023) Іванова, Тетяна; Грицаєнко, К.Тези доповіді учасників ІV Міжнародної науково-практичної інтернет-конференції "Маркетингові стратегії, підприємництво і торгівля: сучасний стан, напрямки розвитку", 20 квітня 2023 року.Item Управління ефективністю та ризиком підприємницької діяльності в умовах цифрової трансформації економіки(2023) Долінський, ЛеонідРозділ 11 з монографії "Цифрова трансформація промислового менеджменту: теорія і практика", у якому висвітлено питання управління ефективністю та ризиком підприємницької діяльності в умовах цифрової трансформації економіки.Item Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability : the collective monograph(Kyiv-Mohyla Academy Publishing House, 2023) Lukianenko, Iryna; Galytska, Eleonora; Primierova, Olena; Slaviuk, Nataliia; Nasachenko, Mariia; Donkoglova, Nataliia; Lepekha, Kateryna; Mordas, Olena; Orlovska, Oleksandra; Tomilina, Mariia; Nesterenko, Anastasiia; Veremiienko, Vitalii; Lukianenko, IrynaThe development of theoretical and methodological foundations in the field of state financial policy has been the subject of numerous works by both domestic and foreign scholars. Despite this, in contemporary conditions, the issues of state regulation require further resolution. The relevance of this research is strengthened by the complex socio-economic situation arising in Ukraine since the onset of a full-scale invasion, the growth of external and internal risks, social and financial instability, the increasing outflow of skilled labor, and the economic decline, significantly limiting the application of classic macroeconomic regulation tools. The significance and complexity of these problems, both in theoretical and practical aspects, underline the importance and value of research in this direction, which should make a substantial scientific and practical contribution to enhancing the effectiveness of management decisions to ensure the macroeconomic stability of the state. Accordingly, the research aims to develop theoretical and methodological provision and contemporary economic-mathematical tools to form a financial policy strategy, which has the goal to ensure economic stability, to increase the competitiveness of the national economy, and restore economic growth in Ukraine. For students of economic specialties, graduate students, teachers, civil servants, specialists and everyone who seeks to master the theoretical and practical aspects of building dynamic macroeconomic and simulation models for the formation of medium-term and longterm economic policy of the state, aimed at achieving macroeconomic stability even under unpredictable conditions of rapid development of external and internal crisis phenomena.Item Introduction(Kyiv-Mohyla Academy Publishing House, 2023) Lukianenko, IrynaThe financial policy of a state is a key tool for economic governance, which has the aim to supervise the economic processes and support of sustainable economic growth. However, macroeconomic instability presents significant obstacles to the effective implementation of financial policy, influencing its development, execution, and results. For instance, high inflation adversely impacts the efficiency of monetary tools, making control over the money supply and interest rates more complicated. Current reductions in state revenue and increase in budget deficits limit the ability to fund economic programs. Moreover, high levels of volatility heighten risks for investors, leading to decreased investments and complicating the execution of longterm financial strategies.Item The implementation of financial policy as an instrument of state regulation(Kyiv-Mohyla Academy Publishing House, 2023) Galytska, Eleonora; Lukianenko, IrynaIn the current stage, under martial law conditions, achieving sustainable economic development is unfeasible without comprehensive economic regulation and an effective state financial policy. Precisely, effective state regulation of the economy, its targeted impact in the economic management sphere with the objective of directing economic processes in line with the goals, tasks, and interests of the country, is a key factor in macroeconomic shifts needed by the country. The concept of "state economic regulation" should take into account the unstable state of the country's modern economy, its dynamism, instability, and align with the changing directions, aims, and objectives of the state's economic policy. Hence, this mechanism must be unique, adapted to any changes in directions, goals, and objectives of the state's economic policy.Item Prioritizing macroeconomic stability within Ukraine's financial policy under contemporary conditions(Kyiv-Mohyla Academy Publishing House, 2023) Donkohlova, Nataliia; Lukianenko, IrynaEnsuring financial stability and minimizing vulnerability to external negative influences is a necessary tool for the sustainable development of national economic systems and their sustained growth. Currently, there are significant threats of macroeconomic imbalances due to the presence of convergent and divergent connections in the economic space. Global and internal economic changes, as well as financial market instability, impact aspects such as investment levels, employment, income distribution, and overall economic activity. The study of financial stability becomes increasingly important in the context of the complex socio-economic situation that has arisen in Ukraine since the onset of a full-scale invasion, with the increase of external and internal risks, social and financial instability, the outflow of skilled labor, and the slowing of economic growth, significantly limiting the application of classical tools of macroeconomic regulation. Consequently, the research, development, and implementation of appropriate mechanisms and algorithms to assess the impact of these factors become crucial for timely coordination and synchronization of state policy aimed at achieving macroeconomic stability in the context of intensifying globalization processes. Timely identification of negative trends in the qualitative and quantitative parameters of macroeconomic stability allows a prompt response to internal and external challenges, reducing the high level of uncertainty and negative consequences.Item The role of state regulation in fostering sustainable economic growth(Kyiv-Mohyla Academy Publishing House, 2023) Galytska, Eleonora; Lukianenko, IrynaThe issue of financial support for comprehensive economic, social, and ecological development has been at the forefront of global community attention for at least the last 20 years. Concurrently, the challenges of ensuring sustainable development are compounded by factors such as climate change, deteriorating economic and social dynamics, the repercussions of the COVID-19 pandemic, and Russia's war against Ukraine, which has already inflicted significant environmental damage.Item Conclusions to chapter 1(Kyiv-Mohyla Academy Publishing House, 2023) Lukianenko, IrynaIn the proposed study, the theoretical and methodological foundations of macroeconomic stability and its crucial component - financial stability - are examined. A list of endogenous and exogenous factors influencing financial stability is provided, parameters of macroeconomic and macro-financial stability are determined, and benchmarks for effective management of the national economy are substantiated. The study also explores the activities of the Financial Stability Council of Ukraine, the "Strategy for the Development of the Financial Sector of Ukraine," and the proposed "Post-War Macroeconomic Architecture for Ukraine."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.Item The monetary policy experience during the war and post-war periods(Kyiv-Mohyla Academy Publishing House, 2023) Tomilina, Mariia; Primierova, OlenaDuring a crisis, the objectives of a monetary policy shift to address the unique challenges presented by a military economy. In such an economy, government expenditure rises, and the state's role in the economy becomes more prominent. Furthermore, economic decisions are dominated by security concerns, and the economic multiplier effect is limited due to the destruction caused by war. If we look at the Federal Reserve System of the U.S. when World War II outbroke, the challenges for dealing with a considerable surge in the federal deficit due to increased war expenditures occurred even though the Treasury was depended more on taxes than it was during World War I and even with the rise in tax revenue due to the significant growth in industrial production.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 Recommendations for enhancing monetary policy interventions to achieve macroeconomic stability in Ukraine over the medium term(Kyiv-Mohyla Academy Publishing House, 2023) Nasachenko, Mariia; Primierova, OlenaMonetary policy constitutes a pivotal instrument of economic governance, enabling the regulation of inflation levels, ensuring the stability of the financial system, and supporting sustainable economic growth. However, the implementation of monetary policy amidst macroeconomic instability presents unique characteristics and poses a complex task for central banks and other state authorities. A notable challenge is that macroeconomic instability diminishes the effectiveness of monetary policy. For instance, in a recessionary context, increasing the discount rate does not yield the anticipated effect of reducing inflation and diminishing investment activity. Furthermore, a higher policy key rate can augment the risk of insolvency for households and businesses.Item Conclusions to chapter 2(Kyiv-Mohyla Academy Publishing House, 2023) Lukianenko, IrynaIt has been determined that in case of favorable and stable macroeconomic conditions, a moderate liberalization of financial markets and return to an inflation targeting regime and a floating exchange rate are important. The necessity of continuing technological development of financial services as a prerequisite for further expansion of financial inclusion and ensuring cybersecurity is also substantiated. Important measures also include the restoration of financial infrastructure in de-occupied territories, ensuring accessibility and inclusiveness of the financial sector. Additionally, for Ukraine, the development of financial markets is a crucial task, as they play a significant role in determining the level of interest rates and credit conditions, which affects the size of investments, expenditures of enterprises and citizens, and overall economic development of the country. The development of financial markets entails creating effective financial instruments, such as stocks, bonds, derivatives, and others, allowing for the attraction of more capital and creating favorable conditions for doing business in Ukraine. Furthermore, the creation of financial instruments will help reduce risk for investors and enable the attraction of funds for long-term investments in Ukraine. Directions for the development of financial markets include the advancement of the banking system, securities market, stock market, insurance market, pension market, and derivatives market. Successful development of financial markets in Ukraine can enhance the effectiveness of monetary policy and positively impact the development of the real sector of the economy.