Institutional Analysis of Ukrainian Monetary Sector’s Influence on Economic Growth
Institutional Analysis of Ukrainian Monetary Sector’s Influence on Economic Growth
Author(s): Olga Soltys, Iryna HrabynskaSubject(s): National Economy, Economic policy, Economic development, Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets
Published by: Instytut Badań Rynku, Konsumpcji i Koniunktur
Keywords: monetary sector; financial depth; market capitalisation of listed companies; bank assets; assets of non-bank financial institutions; budget expenditures; Pearson correlation; world economic crisis;
Summary/Abstract: The institutional structure and fundamental indicators of the national monetary sector are analysed. On the basis of size and activity indicators’ evaluation of separate segments of monetary sector we can conclude that during 2000-2011 the national monetary sector grew more rapidly than the real one. Using the correlation analysis, the impact of individual segments of the monetary sector on economic growth is revealed. The banking system plays a key role in the monetary sector of the Ukrainian economy. An increase in openness and transparency of the stock market, improvement of its government regulation will increase efficiency of the national monetary sector.
Journal: Handel Wewnętrzny
- Issue Year: 2013
- Issue No: 3
- Page Range: 36-47
- Page Count: 12
- Language: English