FINANCIAL IMBALANCES IN UKRAINE: CHANGES AND VULNERABILITIES AFTER CRISIS OF 2014

Journal of Modern Economic Research

View Publication Info
 
 
Field Value
 
Title FINANCIAL IMBALANCES IN UKRAINE: CHANGES AND VULNERABILITIES AFTER CRISIS OF 2014
 
Creator Raneta, Leonid
 
Description During 2014­15, the economy of Ukraine was sharply affected by the political conflict between Russia and Ukraine. Economic imbalances, high political uncertainty during and after the Euromaidan, economic sanctions and, furthermore, drop in international prices on metal in 2014 are not the sole factors, which caused deep economic crisis in Ukraine. Ukrainian authorities faced with huge accumulated fiscal and external disproportions, the authorities embarked on a main macroeconomic regulation in early 2014. Severe currency devaluation combined with fiscal consolidation, triggered substantial deterioration in investment and consumption. The contractionary impact of adjustment was complicated by an increasing conflict in the second half of the year, which led to sharp economic disruption in investor and consumer confidence and the industrialized east. In Current paper, we aimed at revealing vulnerabilities of the economy of Ukraine, in particular, from the point of view of real, external, public and monetary sectors. Our analysis has distinguished the most considerable weaknesses of economy of Ukraine: high degree of tension with Russia and inter­regional tensions threatening the integrity of the country, history of political instability and government inefficiency, weak constitutional framework, poor economic diversification, excessive private sector borrowing, poor economic policy track record, continued high exchange rate risk, low FX reserves.
 
Publisher DENAKYR s.r.o
 
Date 2019-12-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.denakyrpublishing.science/index.php/jmer/article/view/21
 
Source Journal of Modern Economic Research; Vol 1 No 4 (2019); 45-56
2644-4380
2644-4380
 
Language eng
 
Relation https://www.denakyrpublishing.science/index.php/jmer/article/view/21/20
 
Rights Copyright (c) 2019 Journal of Modern Economic Research
http://creativecommons.org/licenses/by/4.0
 

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us

Twitter

Copyright © 2015-2018 Simon Fraser University Library