REALITY OF CURRENT MONETARY POLICY
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Dradt2Digital Publishing House
Abstract
In the paper the features of monetary policy and foreign central banks of National Bank of Ukraine are researched; the official data of central banks of the world - the US Federal Reserve, Bank of England, the ECB and the National Bank of Ukraine are used; expert ratings and reviews of independent analytical institutions are processed. Found that the most effective anti-crisis monetary tool is the discount rate and policy of quantitative easing. The same instruments would be used in monetary policy in Ukraine have been adapting to the realities of the present and the Ukrainian mentality. Soft monetary policy aimed at maintaining circulation of credit in the banking system and stimulates economic development.
Description
In the paper the features of monetary policy and foreign central banks of National Bank of Ukraine are researched; the official data of central banks of the world - the US Federal Reserve, Bank of England, the ECB and the National Bank of Ukraine are used; expert ratings and reviews of independent analytical institutions are processed. Found that the most effective anti-crisis monetary tool is the discount rate and policy of quantitative easing. The same instruments would be used in monetary policy in Ukraine have been adapting to the realities of the present and the Ukrainian mentality. Soft monetary policy aimed at maintaining circulation of credit in the banking system and stimulates economic development.
Citation
Stechyshyn T. B. Reality of current monetary policy [Electronic resource] / T. B. Stechyshyn // Economic and social development of Ukraine in XXI century: national vision and globalization challenges: Collection of scientific articles. – USA. – Oklahoma City, OK: – Drag2Digital Publishing House, 2017. – P. 125-127.