The NBU’s Balance Sheet: Before, During, and After the Crisis
Journal Title: Visnyk of the National Bank of Ukraine - Year 2016, Vol 0, Issue 237
Abstract
Looking at the evolution of the central bank’s balance sheet gives us a unique window on the forces that have shaped our economy and central bank reaction functions. This paper considers the evolution of the NBU’s balance sheet over the period from 2001-2016, focusing on explicit and implicit monetary policy priorities at different periods. We then make simulations on the NBU’s balance sheet for the next five years assuming current NBU priorities for monetary policy. We then draw conclusions on the likely financial position of the NBU in the future and recommendations to ensure the NBU’s financial strength – essential for its continued independence.
Authors and Affiliations
Volodymyr Lepushynskyi, Iryna Kachur, Robert Zammit
Keywords
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- EP ID EP426511
- DOI 10.26531/vnbu2016.237.006
- Views 189
- Downloads 0
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