Government and public administration

MACRO PRUDENTIAL REGULATION ON THE UKRANIAN FINANCIAL MARKET AND ITS INFLUENCE ON INVESTING DEVELOPMENT

Received: 15.06.2014 Published: 15.06.2014

UDC: 336.02(477) EDN: TIHPEV

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Abstract

Purpose. Research of major tools of monetary policy in Ukraine concerning their influence on the investment growth and exposure of controlling elements for the means emitted with the help of those tools. Methods. The author analyzed tools of monetary and macro prudential regulation of economic development, in particular, refinancing, interest-rate policy, backup policy, currency-rate policy, subsidizing of interest rates. The author also researched the main channels of moving emitted finances to non-production sphere and calculated approximate volumes of credits losses which could have been directed to the investing development. Results. On the basis of analyzing the influence of macro prudential measures in the countries which are developing at the expense of the means emitted by the National bank and which are moved to more profitable segments of the financial market, the author outlined the channels of that movement which should be limited or be influenced by macro prudential regulating measures. The author proposed mechanisms for the financial market limiting movement of financial resources to the non production sphere. Scientific novelty. Scientific novelty is in identifying channels of financial resources movement emitted with the help of monetary tools and corresponding determination of the macro prudential mechanisms, which will limit that movement.

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How to cite

Для цитирования:

Кульпинский С. Макропруденциальное регулирование на финансовом рынке Украины и его влияние на инвестиционное развитие // Вопросы управления. 2014. Т. 12, № 6. С. 85–93.

For citation:

Kulpinskiy S. MACRO PRUDENTIAL REGULATION ON THE UKRANIAN FINANCIAL MARKET AND ITS INFLUENCE ON INVESTING DEVELOPMENT // Management Issues. 2014. Vol. 12, no. 6. P. 85–93.

How to Cite

Kulpinskiy S. MACRO PRUDENTIAL REGULATION ON THE UKRANIAN FINANCIAL MARKET AND ITS INFLUENCE ON INVESTING DEVELOPMENT // Management Issues. 2014. Vol. 12, no. 6. P. 85–93.

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