Influence of the exchange rate policy on trade competitiveness of the country
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Date
2023
Authors
Mordas, Olena
Slaviuk, Nataliia
Journal Title
Journal ISSN
Volume Title
Publisher
Kyiv-Mohyla Academy Publishing House
Abstract
It 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.
Description
Keywords
rate policy, purchasing power of the population, inflation, exchange reserves, funding, monograph section
Citation
Mordas O. S. Influence of the exchange rate policy on trade competitiveness of the country / [Mordas Olena, Slaviuk Nataliia] // Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability : the collective monograph / [Lukianenko I., Galytska E., Primierova O. et al. ; general editor Lukianenko I.] ; National University of Kyiv-Mohyla Academy. - Kyiv : Kyiv-Mohyla Academy Publishing House, 2023. - Chapter 3.4. - P. 133-135.