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 "Mordas, Olena"

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    Exploring the relationship between exchange rate dynamics and trade competitiveness of Ukraine
    (Kyiv-Mohyla Academy Publishing House, 2023) Mordas, Olena; Slaviuk, Nataliia
    The main relationship between exchange rate dynamics and trade competitiveness of Ukraine is represented by Vector Autoregressive model (VAR). This model is based on the reproduction of the dynamics of the time series based on its historical values, and long-term memory of series. Thus, a feature of these models is a high empirical level. Since it was important to investigate the short-term forecast and analyze the relationships between the variables, therefore, the VAR model was chosen. Let's move on to the first stage of building the model - data selection and preparation.
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    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, Iryna
    The 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.
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    Influence of the exchange rate policy on trade competitiveness of the country
    (Kyiv-Mohyla Academy Publishing House, 2023) Mordas, Olena; Slaviuk, Nataliia
    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.