Монетарне регулювання економіки України: поточні виклики та задачі

Abstract

В статті проведено аналіз державного реформування монетарної сфери економіки та фінансового сектору з позиції економічної ефективності імплементації ключових програмних документів, стратегій та угод. Дано оцінку поточних викликів та задач монетарного регулювання економіки України. Ключові слова: монетарне регулювання економіки, розвиток фінансово сектору, стратегія монетарної політики, структурні дисбаланси в економіці, основні засади грошово-кредитного регулювання.

Ukraine is experiencing a prolonged systemic financial and economic crisis that has gripped the real economy sector, public finance, monetary sphere, banking system and financial market. The consequences of the crisis are the following: the decrease of economic growth, a critical imbalance in the economy, the decrease of its competitiveness and investment attractiveness, the outflow of financial and human capital abroad, the loss of trust for hryvnia and banks, a rapid devaluation of hryvnia (both internal and external), the degradation of the role of banks in the credit provision of the economy development. Policy documents on reforming the monetary sphere of the Ukrainian economy, which are now operating and determining the country's economic development, are not always mutually agreed according to the target character, they have a lot of declarative provisions on the restructuring of the economy and the implementation of reforms and do not always adequately take into account the real state and the strategic interests of the Ukrainian society. Therefore, the effectiveness of the reforms identified by these documents was not high, as evidenced by the current state of the Ukrainian economy. Given the need to overcome the crisis and to form the monetary preconditions for economic development it is important to provide the objective assessment of the situation in the economy and the correct definition of current and strategic priorities, objectives and instruments of monetary regulation. Under such conditions, there is an acute need for designing a national strategy for economic development and the establishment of appropriate monetary strategy as well as the basic principles of monetary policy for the current year. Keywords: monetary regulation of the economy, financial sector development strategy of monetary policy, structural imbalances in the economy, the basic principles of monetary