TRENDS IN FOREIGN CURRENCY REGULATION BY INTERNATIONAL RESERVES IN UKRAINE
نویسندگان
چکیده
منابع مشابه
Currency Speculation in a Game-theoretic Model of International Reserves
This paper is concerned with the ability of speculation to generate a currency crisis. We consider a game-theoretic setting between a unit mass of speculators and a government that holds foreign currency reserves. We analyze conditions under which the speculators may be able to force the government to devaluate the currency. Among these conditions, we analyze the role of heterogeneous beliefs, ...
متن کاملCurrency Options for Ukraine
A sound monetary/exchange rate policy is a key ingredient of successful economic development, particularly in the case of the formerly Communist transition economies of Eastern Europe. This paper analyzes monetary/exchange rate policy in Ukraine. It presents the development of such policy throughout the 1990s, and analyzes the present policy regime and its strengths and weaknesses. The paper al...
متن کاملCriteria for International Reserves ’ Adequacy : What level of reserves does Ukraine need ?
Discussion of reserves’ adequacy has renewed after financial crises in Asia and Russia. It became evident that large international reserves made countries less prone to crisis. Special attention was paid to the ratio of a country’s external short-term debt to reserves as a very successful marker of potential external vulnerability that generally outperforms other reserves’ adequacy criteria. Th...
متن کاملUkraine crisis: Trends and Perspectives
Thecrisis in Ukraine has become a tragedy, as is evidenced by the thousands ofpeople who have been killed, and hundreds of thousands of refugees. It willalter the future of Ukraine, Europe, Eurasia and possibly the world. The crisisbegan in the fall of 2013 as a public response to the authorities’ ill-advisedpolicy and the greed of the elite. However, clumsy assistance provided byconcerned «par...
متن کاملCurrency Substitution in Ukraine: Behavior of Households
Liberalization of foreign exchange regime and instability of national currency are among the major factors that shaped the level and strength of currency substitution in Ukraine. In this paper, a problem of currency substitution is addressed from the point of view of households. It is argued that the most conventional measure of currency substitution, namely the ratio of foreigncurrency denomin...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Market Infrastructure
سال: 2020
ISSN: 2519-2868
DOI: 10.32843/infrastruct49-47