Development of an explicit rule of monetary policy for the economy of Ukraine

Kozmenko, Serhiy; Савченко, Тарас

doi:10.21511/imfi.10(1).2013.01

Cited by 9 publications

(5 citation statements)

References 7 publications

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“…A significant number of scientific works are devoted to the search for the most relevant actors, which make a statistically significant impact on the level of macroeconomic stability. So, for example, Kozmenko and Savchenko (2013) A separate direction of scientific research is devoted to ensuring the country's macroeconomic stability in geopolitical instability. Danylyshyn and Bohdan (2022) note that in such conditions, classic market mechanisms and laws partially cease to operate, and there is a need to modify certain aspects of the central bank's activities by maximizing attention to ensuring the stable functioning of the public borrowing market and control over capital flows.…”

Section: Literature Reviewmentioning

confidence: 99%

Interconnection between bank capitalization and macroeconomic stability in the countries of South-West Asia

Ashurbayli-Huseynova,

Garmidarova

2023

Banks and Bank Systems

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The paper aims to define the specifics of the mutual interconnection between bank capitalization and indicators of macroeconomic stability. This is achieved by the following methods: grouping, analysis and synthesis, analysis of descriptive statistics, and canonical correlation analysis. The study was carried out based on eight bank capitalization indicators and five macroeconomic stability indicators in seventeen South-West Asian countries from 2010 to 2020. The information base of the research is the dataset from the World Bank. The selected list of indicators is determined by the availability of statistical information for the countries participating in the study. It was found that there is a close canonical correlation between the level of bank capitalization and the macroeconomic stability of the countries under investigation – 0.97 (2010) and 0.99 (2020). The variation of the investigated indicators of macroeconomic stability (68.95% (2010) and 70.64% (2020)) is determined by the change in bank capitalization indicators. On the other hand, the difference in macroeconomic stability indicators of countries by 48.66% (2010) and 42.79% (2020) is due to changes in bank capitalization indicators. Four indicators exert the most significant favorable influence on the level of bank capitalization: Bank return on assets – 0.303 (2010) and 13.033 (2020), Bank return on equity – 0.446 (2010) and 13.387 (2020), Bank regulatory capital to risk-weighted assets – 0.812 (2010), and Bank deposits to GDP – 1.580 (2020). The macroeconomic stability of countries is determined by two indicators: GNI – 3.311 (2010) and 3.461 (2020); GDP – 4.748 (2010) and 4.672 (2020).

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Section: Literature Reviewmentioning

confidence: 99%

Interconnection between bank capitalization and macroeconomic stability in the countries of South-West Asia

Ashurbayli-Huseynova,

Garmidarova

2023

Banks and Bank Systems

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“…At the same time, these concerns could increase the GDP and ensure the sustainable development of the European Union. Thus, Kozmenko and Savchenko (2013) outlined the procedure for calculating the value of the equilibrium of GDP in the formation of policy rules. The multifactor regression model confirmed a statistically significant relationship between the basic parameters of the monetary rule.…”

Section: Literature Reviewmentioning

confidence: 99%

International economic and social determinants of the state economic security: A causal analysis

Orlov¹,

Bukhtiarova

Marczuk

et al. 2021

Problems and Perspectives in Management

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The priority task for ensuring the economic security of a country, which is especially noticeable in the rapidly changing conditions of the contemporary global world, is to forecast challenges and threats. Economic security is one of the necessary conditions for state development, which provides guidelines for making major social and economic decisions. There are a few studies on the determinants of the economic security and no data about security determinants that are required to monitor it. The study aims to identify possible links between leading determinants of the economic security. For this purpose, on the example of Ukraine, causal links between the formation of real GDP (as the leading determinant that characterizes the economic security of the state), 11 determinants that indicate the level of international economic development, and 6 determinants of social development for the period 2014–2020 were determined. With a 5% level significance, the impact on the volume of real GDP of 14 determinants of state economic security was noted and specific time lags were defined. Besides, the bilateral causal effect and lack of causal connection between individual determinants were mentioned. Findings are helpful for effective public administration. In addition, active measures are needed to combat corruption, shadow and criminal economy, and state protection of domestic producers operating in the military, food, information, and energy security sectors. AcknowledgmentAlina Bukhtiarova gratefully acknowledges financial support from the Ministry of Education and Science of Ukraine (0120U100473).

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“…Возможность и успешность конкуренции угольного предприятия на современном этапе определяется не только уровнем конкурентоспособности продукции, но и конкурентоспособностью самого предприятия, выраженной состоянием его активов и применяемой технологией добычи угля. Хроническая нехватка денежных средств у подавляющего большинства угольных предприятий Украины существенно ограничивает возможность роста их конкурентоспособности за счет инновационной составляющей (Havrylyshyn, Miller, Perraudin, Aven, & von Hagen, 1994;Kozmenko & Savchenko, 2013). Приоритетным направлением становится повышение эффективности использования уже имеющихся в наличии активов: горно-шахтного оборудования (ГШО); основных узлов, агрегатов и комплектующих к нему; запасных частей и материалов; других видов активов.…”

Section: Introductionunclassified

Managing mining enterprises’ assets as the basis of their competitiveness

Zhamoida¹

2016

Min. miner. depos.

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Purpose. Clarification of the essence of the coal enterprise asset management system as the main instrument to ensure its competitiveness through the effective use and involvement in the turnover of all assets available.Methods. The study uses general scientific methods, scientific abstraction, analysis and synthesis, historical and logic approaches, induction and deduction to determine methodological nature of competitiveness management and research of the factors influencing this process.Findings. The proposed asset management system enables the coal enterprise in a relatively short time to create a foundation for the growth of its long-term competitiveness and address the causes underlying working capital deficit. Originality.For the first time adaptive practical tools and mechanisms to preserve the competitiveness of coal enterprises are suggested for consideration. Practical implications.Theoretical and methodological provisions of the article can be viewed as specific methods and recommendations for the management of coal enterprises competitiveness.

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Development of an explicit rule of monetary policy for the economy of Ukraine

Cited by 9 publications

References 7 publications

Interconnection between bank capitalization and macroeconomic stability in the countries of South-West Asia

Interconnection between bank capitalization and macroeconomic stability in the countries of South-West Asia

International economic and social determinants of the state economic security: A causal analysis

Managing mining enterprises’ assets as the basis of their competitiveness

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