Articles by : Sheludʹko Nataliya № 3/2006
Economy and the formation of the new system of economic management
BERESLAVSKA O. 1, ZYMOVETS Vladyslav Victorovych2, SHELUDʹKO Nataliya 3
1National University of the State Fiscal Service of Ukraine
2Institute for Economics and Forecasting, NAS of Ukraine
3Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Dollarization of the credit market in Ukraine:
reasons and consequences
Ekon. prognozuvannâ 2006; 3:117-130 | |
ABSTRACT ▼
The authors analyze the macro-economic aspects of dollarization, special features of the structure of credit market in Ukraine, and efficiency of the use of credit po-tential of the banking system under the conditions of high dollarization. They also consider the structure of credit market in Ukraine by economic activities, credit objects and institutional sectors. The article provides a quantitative assessment of the under-use of the credit potential in this country’s banking system. The authors propose concrete measures of state financial policy aimed at lowering the level of dollarization on Ukraine’s credit market
Keywords:
Article in Ukrainian (pp. 117 - 130) | Download | Downloads :707 |
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1. Koziuk V.V. Monetarni problemy funktsionuvannia globalnoi finansovoi arkhitektury, Monografiia, Ternopil, Vyd-vo Aston, 2005, 512 s.
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№ 1/2007
Economy and the formation of the new system of economic management
SHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Foreign borrowings by Ukrainian banks: tendencies, problems, prospects
Ekon. prognozuvannâ 2007; 1:130-136 | |
ABSTRACT ▼
The author considers the problems related to the revival of external borrowings by Ukrainian banks. She specifies and analyses the main risks related to that process. The article offers guidelines to reduce the dependence of Ukrainian banks on for-eign capital markets
Keywords:
Article in Ukrainian (pp. 130 - 136) | Download | Downloads :669 |
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№ 3/2008
Economy and the formation of the new system of economic management
SHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
The problem of capitalizing Ukraine’s banks and the ways of its solution
Ekon. prognozuvannâ 2008; 3:45-60 | |
ABSTRACT ▼
The article tackles the modern tendencies in the capitalization of the state-owned banks; analyzes the problem of capitalizing the state banks in Ukraine; defines the main risks for this country’s economic security related to the undercapitalization of Oshcadbank (Saving Bank) and Ukreksimbank (Ukrainian Export and Import Bank) and develops various pro-posals as to their minimization
Keywords:
Article in Ukrainian (pp. 45 - 60) | Download | Downloads :657 |
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1. Richnyi zvit pro diialnist bankivskogo nagliadu Ukrainy u 2007 rotsi , <
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№ 1/2009
Economy under the conditions of modern transformations
SHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Restructuring the banking sector under the conditions of the world financial crisis: international experience and advisability of its use in Uraine
Ekon. prognozuvannâ 2009; 1:24-34 | |
ABSTRACT ▼
The author generalizes the modern world experience of bank restructuring under the conditions of the emerging financial and economic crisis. She assesses the acceptability of the main approaches and tools of bank restructuring for Ukraine’s banking sector
Keywords:-
JEL: -
Article in Ukrainian (pp. 24 - 34) | Download | Downloads :659 |
REFERENCES ▼
1. Ryzyky kredytnogo defoltu naselennia,
www.kuchma.org.ua/institute/monitoring
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3. Restrukturirovanie kreditnykh organizacij v zarubezhnykh stranakh , pod red. A.G.Gryaznovoj, M.A.Fedotovoj, V.M.Novikova i dr, M., Finansy i statistika, 2000, 416 s.
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www.rada.gov.ua№ 1/2010
Economy under the conditions of modern transformations
DANYLENKO Anatoliу 1, SHELUDʹKO Nataliya 2
1Institute for Economics and Forecasting, NAS of Ukraine
2Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Ukraine’s money-and-credit market: the crisis lessons and short-term prospects
Ekon. prognozuvannâ 2010; 1:9-19 | |
ABSTRACT ▼
The article generalizes the tendencies of the functioning of Ukraine’s money-and-credit mar-ket during the crisis period. The authors evaluate the adequacy of the current anti-crisis money-and-credit policy and outline the key challenges and risks for the monetary and credit sphere of Ukraine’ economy in the current year
Keywords:
Article in Ukrainian (pp. 9 - 19) | Download | Downloads :737 |
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1. Ershov M. Mirovoj finansovyj krizis: god spustya, Voprosy ekonomiki, 2009, № 12, S. 8.
2. Monetarnyi ogliad za 2009 rik, Elektronnyi resurs, Natsionalnyi bank Ukrainy, Dostupnyi z, <
www.bank.gov.ua/Publication/econom/Mon_review/2009/ 2009.pdf>.
3. Skolotyanyj Yu. Kak pereskochit` byudzhetnuyu propast`, ili zachem Yanukovichu Stel`makh vo glave Nacional`nogo banka, Elektronnyj resurs, Zerkalo nedeli, Rezhym dostupa: <
www.zn.uа/2000/2020/68855/>.
4. Ekzamen dlya novoj vlasti, Zerkalo nedeli, 2010, 5–12 fevralia, № 4(784).
№ 3/2010
Economy under the conditions of modern transformations
SHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Financial markets of Ukraine and Russia: lessons of the crisis and development prospects
Ekon. prognozuvannâ 2010; 3:7-26 | |
ABSTRACT ▼
The article presents a comparative analysis of preconditions, regularities and peculiarities of the un-folding of crisis phenomena on the financial markets of Russia and Ukraine, and the systems of measures of anti-crisis regulation. The author defines the specificity of the key problems and risks of the post-crisis development of the financial sector in Ukraine and Russia
Keywords:
Article in Ukrainian (pp. 7 - 26) | Download | Downloads :642 |
REFERENCES ▼
1. Khronika krizisa v stranakh SNG: ot problem k vozmozhnostyam: Obzor Centra makroekonomicheskikh issledovanij Sberbanka Rossii,M, 2010, S. 7, 9,
www.сbr.ru.
2. Mirovoj finansovyj krizis v postsovetskikh stranakh: nacional`nye osobennosti i ekonomicheskie posledstviya , sb. nauchn. trudov Elektronnyj resurs pod red. L.B.Vardomskogo, M. , IE RAN, 2009, 385 s.,
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3. Strategiya i taktika denezhnokreditnoj politiki Rossii i Ukrainy i mirovoj ekonomicheskij krizis , sb. Statej, otv. red. A.Nekipelov, M.Golovnin.M. , In-t ekonomiki RAN, 2010, 300 s.
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14. Pro pershochergovi zakhody shodo zapobigannia negatyvnym naslidkam finansovoi kryzy ta pro vnesennia zmin do deiakykh zakonodavchykh aktiv Ukrainy, Zakon Ukrainy vid 31.10.2008 r. № 639VI,
rаdа. gov.ua/.
15. Postanova Pravlinnia NBU vid 25.09.2008 r. № 294 "Pro vnesennia zmin do postanovy Pravlinnia Natsionalnogo banku Ukrainy vid 03.08.2004 № 363" ,
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16. Pro zatverdzhennia Poriadku uchasti derzhavy u kapitalizatsii bankiv : Postanova Kabinetu Ministriv Ukrainy vid 04.11.2008 r. № 960,
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17. Pro vnesennia zmin do deiakykh postanov Kabinetu Ministriv Ukrainy : Postanova Kabinetu Ministriv Ukrainy vid 18.02.2009 r. № 241 ,
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№ 4/2013
Economy under the conditions of modern transformations
BRUS Svitlana Ivanivna1, BUBLYK Yevhen Oleksandrovych 2, ROZHKOVA K. 3, SHELUDʹKO Nataliya 4
1Institute for Economics and Forecasting, NAS of Ukraine
2Institute for Economics and Forecasting, NAS of Ukraine
3Institute for Economics and Forecasting, NAS of Ukraine
4Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Transformations of Ukraine’s banking sector under the economic depression: factors, effects, prospects
Ekon. prognozuvannâ 2013; 4:33-48 | |
ABSTRACT ▼
The article deals with the main preconditions and tendencies of the transformation processes characteristic for the modern stage of the development of Ukraine’s banking sector (exit of the European banks and their replacement with Ukrainian and Russian ones, consolidation of the banking capital, re-orientation to domestic resources, and credit stagnation). The authors emphasize the key structural and functional changes, which will define (restrict) the development of Ukraine’s banking sector in 2014. The article focuses on the importance of ensuring a stimulating influence of Ukraine’s banking sector on this country’s economic development in conditions of a conflict between the vectors of economic integration.
Keywords:banks, risks, recession, stagnation of the credit market
JEL: -
Article in Ukrainian (pp. 33 - 48) | Download | Downloads :838 |
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1. Moody’s snyzylo reytyngy 11 ukraynskykh bankov,
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3. S&P otsenylo kachestvo regulyrovanyia y nadzora ukraynskykh bankov kak "sred-nee",
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8. Savytskyy, S.V. (2013). Transformatsiia investytsiynykh priorytetiv bankiv Ukrainy za stagnatsii kredytnogo rynku: pozytyvy i problemy. Ekonomika i prognozuvannia, 3, 81.
9. Dilovi ochikuvannia pidpryiemstv Ukrainy. NBU (2013). 3, 10.
AnniversariesSHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
A well known scientist-financier (for the 75th anniversary of Anatoliy Danylenko)
Ekon. prognozuvannâ 2013; 4:145-146 | |
ABSTRACT ▼
JEL:
Article in Ukrainian (pp. 145 - 146) | Download | Downloads :513 |
REFERENCES ▼
№ 4/2015
Economy under the conditions of modern transformations
DANYLENKO Anatoliу 1, ZYMOVETS Vladyslav Victorovych2, SHELUDʹKO Nataliya 3
1Institute for Economics and Forecasting, NAS of Ukraine
2Institute for Economics and Forecasting, NAS of Ukraine
3Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
Decapitalization of Ukraine's financial sector: causes and consequences
ABSTRACT ▼
The article reveals the conceptual basis of decapitalization of the financial sector as a phenomenon generated by both objective and subjective factors: the fundamental causes of decapitalization of the financial sector may be deteriorating financial condition of borrowers and issuers, capital losses in other sectors resulting in negative values of net savings at macro level; in the case of reduction of the rate of net savings or its negative value (with unavailability of external financing) economic system undergoes local or total decapitalization, which expands to all sectors.
The authors indicate that the forms and methods of decapitalization of the financial sector are determined by the type of financial institution, and by the special nature of financial relations with other sectors, and the related structure of assets and liabilities.
Justified the concept of "decapitalization of the financial sector" as absolute reduction of the nominal amounts of equity and equity equivalent for the financial institutions of all types less the capital of the central bank; this interpretation requires a balance approach and allows evaluating the extent of decapitalization nominally, taking no account of money depreciation due to inflation.
It is established that decapitalization of the financial sector in Ukraine in 2014 - first half 2015 acquired the following main forms: a decrease in equity due to depreciation of debt based financial instruments; decrease in equity due to the depreciation of equity debtfinancial instruments; reduction of capital in connection with the termination of financial institutions.
The authors argue that the fundamental reason of decapitalization of the banking sector were interrelated trends of depreciation and liquidity shortage associated with the loss, by part of the banks, of their ability to fulfill obligations to depositors and creditors.
It is shown that the main reasons of the decapitalization of the Private Pension Funds were the rapid reduction of pension contributions as a result of the poor financial state of the real sector companies that fund the programs of supplementary pension probision, as well as losses due to the depreciation of the stocks portfolios and banks` insolvency .
It was found that the determining factors of the decapitalization of the insurance companies were the reduction of their registered authorized capital due to reducing the amount of licensed insurance companies, deteriorating financial performance (due to lower demand for insurance services caused by the overall economic downturn), depreciation of financial assets (shares) and the loss of funds in the insolvent banks, which led to increased number of loss-making insurance companies;
It is shown that the main causes of the decapitalization of the Collective Investment Institutions(CII) operating on market principles were the withdrawal of capital by the participants of open-type CII, which coincided in time with the banking panic (early 2014); depreciation financial assets and loss of funds in insolvent banks; suspention of the circulation of the issuers' securities on the occupied territories (in the Crimea and in the ATO area).
The authors define the quantitative (nominal) amount of the decapitalization of the financial sector in Ukraine by segments; it is found that the main negative effects of the decapitalization of the financial sector of Ukraine during 2014 - first half of 2015 are the following: lack of equity to restore confidence in financial institutions, the decline in the debt financing of the real economy, higher interest rates due to the growing shortage of free financial resources on the domestic market and the failure of the financial sector to increase theirs propositions.
The authors provide an assessment of the consequences of decapitalization of the financial sector for Ukraine's economy.
It is emphasized that the lack of capital in financial institutions will remain one of the main obstacles to the recovery in equity and debt financing in the real economy, which will complicate the launch of market mechanisms of economic recovery in Ukraine.
Keywords: saving, consumption, capital, banks, financial sector, financial corporations
JEL: E210, E620, G320
Article in Ukrainian (pp. 7 - 28) | Download | Downloads :909 |
REFERENCES ▼
1. Skolotianyj, Yu., Samaieva, Yu. (2015). Valeria Gontareva: "These States and this so-called oligarchy - inflated bubbles". Dzerkalo tyzhnia. Ukraina - Mirror of the week. Ukraine, October, 2. Retrieved from
gazeta.dt.ua/macrolevel/valeriya-gontaryeva-ci-statki-y-cya-tak-zvana-oligarhiya-duti-bulbashki-_.html [in Ukrainian].
2. The banking system needs to "flow" 120 billion hryvnias. Retrieved from
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3. Financial results of large and medium-sized enterprises before taxation, by type of economic activity for January–June 2015. Retrieved from
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4. Abromavicius announced restructuring 47-billion debt of the state to the business. Retrieved from
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5. The PFTS stock index. Retrieved from
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6. Quarterly and annual reviews of the ICI. Retrieved from
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8. Vogel, R., Buser, S. (1976). Inflation, Financial Repression, and Capital Formation in Latin America. Money and Finance in Economic Growth and Development. New York: Marcel Dekker, Inc., 35–70.
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№ 2/2017
Scientific life
SHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
From academic offices - to reformatory practice (to the 50th anniversary of the foundation of the Ukrainian scientific school of financial and monetary regulation)
Ekon. prognozuvannâ 2017; 2:156-159 | |
ABSTRACT ▼
JEL:
Article in Ukrainian (pp. 156 - 159) | Download | Downloads :639 |
REFERENCES ▼
№ 4/2019
Scientific life
SHELUDʹKO Nataliya 1
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
A «non-market» stock market: Ukrainian realities
Ekon. prognozuvannâ 2019; 4:152-153 | |
ABSTRACT ▼
JEL:
Article in Ukrainian (pp. 152 - 153) | Download | Downloads :424 |
REFERENCES ▼
№ 2/2020
Economy under the conditions of modern transformations
SHELUDʹKO Nataliya 1, SHISHKOV Stanislav Yevhenijovych2
1Ptoukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine
2PJSC Perspectyva Stock Exchange
INSTITUTIONS OF COLLECTIVE INVESTMENT IN UKRAINE: SCALE AND CONSEQUENCES OF INVESTMENT DYSFUNCTION
ABSTRACT ▼
The development of collective investment institutions (CIIs) in Ukraine is characterized by rather ambiguous and stable trends, which at first glance do not have any objective economic basis. The dynamics of CIIs activities in Ukraine demonstrates their steady invulnerability to the crises in the global and national economy, maintaining positions (in quantity terms) against the background of reduced number of both professional stock market participants and other institutional investors, and despite the decrease in the financial instruments in circulation, and the gradual formation in public consciousness of a neutral negative view of the functioning of the national stock market. The authors’ assumption that the key to such institutional viability consists in the tax preferences for the CIIs, which is confirmed by the analysis. It is noted that in this case both the economic sense and the declared "collectivity" of this investment institution are distorted.
The use of CIIs solely to ease the tax burden, with gross legal and tax violations creates risks for both the beneficiaries of such tax schemes and for the very existence of the institution. The specificity of "investment areas" outside the stock market, the highly conditional performance of the function of accumulation of investment resources and, correspondingly, the profanation of the CIIs’ issuer function, in particular as to the fair distribution of investment income, distortions of the essence of the ideology of collective investment in combination with extremely loyal regulation on the part of the NSSMC all presently call into question the entire possibility of considering CIIs as a full-fledged component of the stock market.
Keywords:stock market, stock exchange, securities, collective investment institutions, investment funds, institutional investors, financial institutions
JEL: G14, G23, G28, K22
Article in Ukrainian (pp. 120 - 138) | Download | Downloads :621 |
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