Optimization of business models of state banks in the conditions of strengthening requirements for financial security in 2022

DROBIAZKO, Anatolii; LYUBICH, Oleksandr; OLIINYK, Dmytro

doi:10.33763/finukr2022.01.074

Cited by 7 publications

(2 citation statements)

References 3 publications

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“…Decisions of the NBU board were removed from the control of the judicial branch of government. At the same time, it should be noted that the concentration of significant powers in one management unit without a proper system of checks and balances increases the risks of inefficient activities and abuses [6].…”

Section: The Development Of the Private Banking Business In Ukrainementioning

confidence: 99%

The banking system of Ukraine as a factor of social stability in the war

Drobiazko

2024

Forum. Econ. Fin. Stud.

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Before the collapse of the USSR, Ukraine was one of the 15 socialist republics. Along with Belarus, the Russian Federation, and the USSR, Ukraine is one of the founders of the United Nations. Ukraine has gone through transformations from a command-administrative to a market system in 30 years. The driving force behind this development was the national democratic forces, the leaders of which were former dissidents of the USSR. One of the main factors of market transformations in Ukraine is the national private banking business. In the conditions of Russia’s direct military aggression against Ukraine in 2022, the banking business of Ukraine has shown its institutional capacity and is one of the stabilizing factors of society. Thanks to the integration of Ukraine’s banking business into the global financial system, millions of Ukrainian refugees have the opportunity to use their accumulated funds in the national currency abroad. The purpose of this article is to analyze the impact of the banking sector of Ukraine on the country’s democratic development, and the contribution of the banking system to countering Russian aggression. The article considers further ways of development of the banking system of Ukraine in the post-war period.

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Section: The Development Of the Private Banking Business In Ukrainementioning

confidence: 99%

The banking system of Ukraine as a factor of social stability in the war

Drobiazko

2024

Forum. Econ. Fin. Stud.

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“…Boiko and Diachuk 2020; Altahtamouni et al 2022;Drobiazko et al 2022; Khatib et al 2022; Ullah and Rahman 2022) (Table4).…”

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confidence: 98%

Analysis of the Impact of State-Owned Banks on the Sustainability of Public Finances

Davydenko,

Boiko,

Cherniavska

et al. 2023

Economies

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This paper aims to provide a retrospective assessment of Ukraine’s state policy concerning state-owned banks and evaluate their impact on the sustainability of Ukraine’s public finances. The research methodology employs an empirical study of the cash flow of public funds to state-owned banks and the reverse cash flow to determine the impact of the activity and stability of public finances. The cash flow to state-owned banks includes the expenditure of public funds for the creation of authorised capital during the establishment of state-owned banks, the acquisition of shares in operating commercial banks, additional capitalisation of state-owned banks, etc. The reverse cash flow comprises dividends paid based on the performance of state-owned banks, as well as revenue generated for public funds through the sale of shares (privatisation) of state-owned banks. This study highlights the costs associated with recapitalising state-owned banks. These costs disrupt the stability of public finances, create additional debt dependency for Ukraine, impose an additional burden on public finances, and lead to structural changes that reduce funding for social spending. As a result, Ukrainian taxpayers are financing the inefficient activities of state-owned banks while experiencing reduced investments in education, healthcare, social protection, environmental protection, and other essential areas.

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Factors of monetary and credit policy: world and Ukraine in the conditions of military aggression

Brus,

Drobyazko

2023

Economy and forecasting

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Starting with the global pandemic crisis, whose consequences included the disruption of logistics chains and the suspension in a number of economic sectors, the world economy is experiencing increasingly large losses. Full-scale Russian aggression against Ukraine and the imposition of sanctions against the Russian Federation by many countries have made the global economy even more unstable and problematic. Macroeconomic problems are accumulating in the world, which will be a long term trend. The article deals with Ukraine’s domestic financial and monetary sphere since the beginning of Russian aggression in 2014 and in the context of the post-pandemic global crisis. In the first months of the war, Ukraine – being a small open commodity based economy –managed to maintain the stability of money circulation and prevented panic in the financial markets, in contrast to 1998, 2008 and 2014. The full-scale war continued the economic crisis initiated by the COVID-19 pandemic. The interaction of the two crises deepens imbalances in both the global and Ukrainian economic and financial systems. As manifestations of the crisis, the article examines the disrupted supply chains of goods and raw materials, and the negative impact on the companies' solvency due to reduced demand. On the other hand, with their financial injections, the governments prevent the rapid bankruptcy of unviable firms in order to preserve employment, which exposes the economy to new risks. The article outlines expected developments in Ukraine’s financial system due to long war and the ensuing macroeconomic losses and uncertainty. Recommendations are given on urgent measures to support the banking sector in order to increase its liquidity and solvency under the conditions shaped in 2022. The authors note that in the fight against inflation, it is necessary to take into account the increased energy prices, the disrupted logistics chains for commodity producers, the decreased export revenue, and the increased prices for critical imported goods. Anti-inflationary measures under such conditions could lead to stagnation and phase out domestic production.

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Optimization of business models of state banks in the conditions of strengthening requirements for financial security in 2022

Cited by 7 publications

References 3 publications

The banking system of Ukraine as a factor of social stability in the war

The banking system of Ukraine as a factor of social stability in the war

Analysis of the Impact of State-Owned Banks on the Sustainability of Public Finances

Factors of monetary and credit policy: world and Ukraine in the conditions of military aggression

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