Diagnostics of monetary policy types in Ukrainian banks

Economic Annals-XXI: Volume 129, Issue 5-6(1), Pages: 45-48

Citation information:
Veriga, A. (2013). Diagnostics of monetary policy types in Ukrainian banks. Economic Annals-XXI, 5-6(1), 45-48. https://ea21journal.world/index.php/ea-v129-12/


Anna Veriga
PhD (Economics),
Associate Professor,
Donetsk State University of Management, Ukraine
annaveriga@gmail.com

Diagnostics of monetary policy types in Ukrainian banks

Abstract. Introduction. The importance of development and realization of banks currency policy was substantiated in the conditions of instability of currency market of Ukraine, taking into account the necessities of prognostication and currency risk of banks management. Purpose is diagnostics of types of the Ukrainian banks currency policy on the basis of analysis of their financial reporting data. Methods are structural analysis, statistical distributions, ranking, economic diagnostics. Results. An estimation of specific gravity of assets and obligations of banks of Ukraine in foreign currency, of the size and level of open currency positions is given. The normal character of stake distribution of currency assets and obligations is identified; the banks with the longest and shortest currency positions and with the maximum values of level of open currency position to the property asset are distinguished. Conclusion. On the criteria of part of currency assets and obligations, size and level of currency position, the currency policy of Ist group of banks is acknowledged as aggressive, of IInd and IIIrd groups of banks – as moderate, of IVth group of banks – as conservative.

Keywords: Currency Policy; Currency Position; Hard Currency Assets and Liabilities; Bank

JEL Classification: F31; G21; E50; E59

References

  1. Davenport, T. H., & Beck, J. C. (2002). Attention Economy: Understanding the New Currency of Business. Harvard: Harvard Business Review Press.
  2. Goyette, C. (2009). The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments. New York: Portfolio Hardcover.
  3. Rickards, J. (2011). Currency Wars: The Making of the Next Global Crisis. New York: Portfolio Hardcover.
  4. Wood, L. T. (2012). Currency. New York: Createspace.
  5. Dyadya, S. I., Zorya, O. P., & Pukhalska, A. P. (2011). Risk of currency operations of commercial bank factors. Economic Space, 47, 180-185 (in Ukr.).
  6. Lukashenko, S. V. (2011). The global currency system in the context of transformation of global financial architecture. Economic Annals-XXI, 5-6, 8-12.
    Retrieved from https://ea21journal.world/index.php/ea-v114-02/ (in Ukr.)
  7. Sharov, O. M. (2013). The crisis of the world economic system paradigm (monetary aspects). Economic Annals-XXI, 1-2, 49-52.
    Retrieved from https://ea21journal.world/index.php/ea-v125-13/ (in Ukr.)
  8. Shemet, T. S. (2013). Modern structural shifts in the international usage of currencies. Economic Annals-XXI, 1-2, 66-69.
    Retrieved from https://ea21journal.world/index.php/ea-v125-18/ (in Ukr.)
  9. Rebryk, M. A. (2010). Currency risk in the conditions of globalization of bank services market. Announcer of the Academy of Custom Service of Ukraine, 1(43), 135-141 (in Ukr.).
  10. Rebryk, M. A. (2010). Limits as expressions of tolerance of bank to the currency risk. Actual Problems of Economics, 1(103), 193-200 (in Ukr.).
  11. Salo, I. V., & Rebryk, M. A. (2009). Currency risk of bank management on the basis of transfer pricing application. Problems and Prospects of Ukraine’s Banking System Development, 25, 324-330 (in Ukr.).
  12. Rebryk, M. A. (2010). Antirecessionary hybrid agreement from transposition of risk as an instrument of currency risk of bank. Financial and Credit Activity: Problems of Theory and Practice, 2(9), 63-70 (in Ukr.).
  13. Rebryk, M. A., & Savchenko, T. H. (2012). Development of currency risk adjusting methods in the context of bank’s equilibrium forming. Culture of the People of Black Sea Region, 220, 84-89 (in Ukr.).
  14. Marynych, T. O. (2009). An evolution of management currency risks in banks in the light of Basel II requirements. Problems and Prospects of Ukraine’s Banking System Development, 25, 180-186 (in Ukr.).
  15. Kutsenko, O. (1999). Is the structural currency position needed to the Ukrainian banks? Announcer of NBU, 10, 55-59 (in Ukr.).
  16. Lebid’, O. V., & Khar’kova, O. V. (2012). The processes approach in currency risks management. Announcer of the Ukrainian Academy of Banking, 1, 64-71 (in Ukr.).
  17. Krykliy, O. A., & Yevchenko, N. H. (2012). The introduction of scenario analysis of currency risk of bank on the basis of single stress-testing and constructions of matrix of sensitiveness. Announcer of University of Banking of the National Bank of Ukraine, 1(13), 249-253 (in Ukr.).
  18. National Bank of Ukraine (2009). Methodical recommendations to Statute about the order of establishment of Ukraine’s limits of open currency position by the National Bank and control after their observance by the authorized banks.
    Retrieved from http://www.bank.gov.ua/doccatalog/document?id=78298 (in Ukr.)
  19. National Bank of Ukraine (2011). About establishment of limits of open currency position of a bank.
    Retrieved from http://zakon4.rada.gov.ua/laws/show/v0205500-11 (in Ukr.)
  20. National Bank of Ukraine (2001). About claim of Instruction about the order of adjusting of activity of banks in Ukraine.
    Retrieved from http://zakon4.rada.gov.ua/laws/show/z0841-01 (in Ukr.)
  21. National Bank of Ukraine (2013). Data of Ukraine’s banks financial reporting.
    Retrieved from http://www.bank.gov.ua/control/uk/publish/category?cat_id=64097 (in Ukr.)

Received 14.05.2013