Approaches to Determining the Sufficiency of the Gold and Currency Reserves of the State
Journal Title: Бізнес Інформ - Year 2016, Vol 3, Issue
Abstract
The article is aimed at substantiation of approaches to determining the sufficiency of the gold and currency reserves of the State, taking into account the existing regime of floating exchange rate in Ukraine. A comparative analysis of the known approaches to determining the sufficiency of the gold and currency reserves of the State has been done (criteria by V. Reddy, Guidotti-Greenspan, Wijnholds-Kapteyn, traditional and new approaches of the IMF). The article has determined the satisfactory efficiency in the management of gold and currency reserves of Ukraine according to the criterion of the coverage of sufficiency with the gold and currency reserves of the State in terms of import of goods and services at the end of the third quarter of 2015. It has been calculated that, in order to cover all sources of risk, the National Bank of Ukraine should build a volume of the Ukrainian gold and currency reserves at a level of 16.5 billion US-dollars. Prospect of further research in this direction is to carry out a comparative analysis of the sufficiency of the volume of gold and currency reserves in the world countries that are different in the modes of functioning of exchange rate, with a view to indicate the probability of currency crises.
Authors and Affiliations
Victoriia Shatkovska-Shmorgay
Keywords
Related Articles
- EP ID EP128294
- DOI -
- Views 81
- Downloads 0
Tasks of Managing Resource Flows in a Company
Uncertainty of organisation of resource flows complicates the tasks of planning the production output in a company, which could result in problem situations with considerable expenditures for their overcoming, since such...
Analysis of the Development Companies' Activity at the Ukrainian Real Estate Market
The article analyzes and evaluates the development activities at the real estate market. Such indicators of the real estate market as the vacancy rate in the segments of the office real estate as well as retail real esta...
Higher Education as a Basis of Formation and Development of Intellectual Potential of the Society
The article studies the role of higher education as a basis of formation and development of intellectual potential of the society. It analyses methodological apparatus of scientific cognition of regularities of developme...
Methodical Approaches to Assessment of Life Quality of People: Foreign and Domestic Experience
The article generalises and analyses modern methodical approaches to assessment of life quality of people on the basis of the existing foreign and domestic experience. It shows that, despite the urgency and significance...
The Infrastructure of Physical Culture and Sports of Ukraine: Current State, Problems of Development, Ways of Solving the Problems
The aim of the article is to reveal the developmental tends of infrastructure of physical culture and sports of Ukraine. The research is dedicated to determine the dynamics of development of its main indices and to defin...