Currency instability in Ukraine

Lesia Hariaha
PhD in Economics, Associate Professor, Finance and Credit Department, Cherkassy Institute of Banking of the University of Banking of the National Bank of Ukraine, e-mail:garyaga@ukr.net

Cite this article:

Hariaha, L. (2015), Currency instability in Ukraine. Ed.: M. Zveryakov (ed.-in-ch.) and others [Nestabilnist valiutnoho kursu v Ukraini; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 2, No. 57, pp. 43–50.

Abstract

The article analyzes the problem of currency instability in Ukraine. It is proposed to allocate three main groups of factors that influence the exchange rate change: social, political, financial, economic and force majeure. Social and political, financial and economic and force majeure factors influencing on determination of the national currency are studied. SWOT-analysis of transition to a free floating exchange rate is performed. The scientific approaches to the optimal exchange rate regime in Ukraine are generalized and systematized. It is proved that for the stability of the national currency it is necessary to take into account all the above factors, which can affect both positively and negatively on the exchange rate.

Keywords

exchange rate; currency; the stability of the national currency; the exchange rate regime; social and political factors influencing the exchange rate; financial and economic factors influencing the exchange rate; force majeure factors influencing the exchange rate.

JEL classification: E410, E590, F310

UD classification: 336.748

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