Theoretical prinsiples of macroprudential policy of the national bank of Ukraine and its practical implementation

Posmitna Maryna
Postgraduate student of the second year of study, specialization "Finance, Banking and Insurance", Odessa National University of Economics, Odesa, E-mail:posmitnam@gmail.com, ORCID ID: https://orcid.org/0000-0003-0154-5048

Cite this article:

Posmitna M. (2023) Theoretical prinsiples of macroprudential policy of the national bank of Ukraine and its practical implementation. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Teoretyko-praktychni zasady makroprudentsiinoi polityky natsionalnoho banku Ukrainy; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 3-4 (304-305), pp. 70-78.

Abstract

The article emphasizes the theoretical aspects of the macroprudential policy of the National Bank of Ukraine and its practical implementation. The practical basis for the emergence of macroprudential policy is defined and the conditions for its implementation by the central bank are outlined. Different definitions of this concept are given. The purpose, principles and goals of the macroprudential policy of the NBU are defined. Various instruments of macroprudential policy are demonstrated, and their practical appliance in Ukrainian banking practice is also analyzed. The link between the tools and the tactical goals of the NBU's macroprudential policy is shown. Prospects for further research are outlined. The purpose of the article is to analyze the theoretical basis of the macroprudential policy of the NBU development and implementation, as well as the practice of applying this policy in Ukraine. The subject is the macroprudential policy of the NBU. The research was carried out using methods of analysis, synthesis, generalization and classification. This work is aimed at substantiating the theoretical and practical basis for the implementation of the macroprudential policy of the NBU.

Keywords

macroprudential policy, central bank, financial stability, macroprudential instruments, risk, crisis.

JEL classification: E580, G010, G280, E440; DOI: 10.32680/2409-9260-2023-3-4-304-305-70-78

UD classification: 336.7:338.2

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