Alla Cherep, Denys Nosenko
Ukrainian money and credit policy in a condition of financial crisis
Journal of European Economy, Volume 7, Issue 4, December 2008, pp.418-425
|JEL: E50, F33||Full text (PDF)|
In the given article theoretical aspects and general characteristics of money and credit (monetary) policy are described, basic internal and external causes of financial crisis in Ukraine are established, possible measures of monetary policy that are necessary for stabilizing the financial market condition are defined and systematized.
Globalization of the monetary system
Journal of European Economy, Volume 6, Issue 4, December 2007, pp.412-433
|JEL: F33, G15||Full text (PDF)|
The article disputes on future development of the international monetary system under conditions of modern globalization. The author asserts that globalization is an objective process, and thus, the international monetary system continues its logical development from the universal money commodity equivalent (gold) through multiple reserve (international) currencies back to the world money of higher order. The intermediate stage of this process can be the creation of target currency zones with leading currencies, one example of which is the single European currency – the Euro. In this context, the question about further development of monetary systems of separate countries (including Ukraine) takes on special importance.