NBU's money-and-credit mechanism of regulatory influence on the economic developmet dynamics
Journal of European Economy, Volume 6, Issue 3, September 2007, pp. 279-298
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The paper examines the peculiarities of money-and-credit mechanism of the central bank’s regulatory influence upon the development of economic processes. The author analyzes the inconsistencies between separate strategic goals of monetary regulation and determines the need for their prioritization in view of the challenges of economic reformation that evoke at different stages of market transformation. The author considers the strategy of money-and-credit regulation of the National Bank of Ukraine (NBU) that sets out the direction for the respective measures aimed at sustaining the stability of the national currency and stimulating the economic growth.