THE REQUIRED RESERVE RATIO AND ITS INFLUENCE ON MACROECONOMIC INDICATORS

• Authors: Ilchuk Pavlo , Kots Olha , Martynyuk Daryna , Prokopchuk Viktoriya

Title variants

PL

WARTOŚĆ STOPY REZERWY OBOWIĄZKOWEJ I JEJ WPŁYW NA MAKROEKONOMICZNE WSKAŹNIKI

RU

ЗНАЧЕНИЕ НОРМАТИВОВ ОБЯЗАТЕЛЬНОГО РЕЗЕРВИРОВАНИЯ И ИХ ВЛИЯНИЕ НА МАКРОЭКОНОМИЧЕСКИЕ ПОКАЗАТЕЛИ

• Languages of publication: EN PL RU

Abstracts

EN

The world practice of using such a tool of monetary policy as the regulation of required reserve ratio by central banks has been researched and analyzed. The influence of regulation of required reserve ratio on macroeconomic indicators has been identified. The hypothesis of the possibility of using the longterm money supply law for monetary regulation of the economy and the effectiveness of the instrument for regulating required reserve ratio for achieving the monetary policy objectives of the central banks is proved.

PL

Została zbadana i przeanalizowana światowa praktyka stosowania przez banki centralne takiego narzędzia polityki pieniężnej, jak regulacja stopy rezerwy obowiązkowej . Stwierdzono wpływ regulacji stopy rezerwy obowiązkowej na wskaźniki makroekonomiczne. Została potwierdzona hipoteza stosowania prawa długotrwałej podaży pieniądza do pieniężnej regulacji gospodarki i efektywności stosowania instrumentów regulacji stopy rezerwy obowiązkowej do osiągnięcia celów polityki pieniężnej banków centralnych.

RU

Исследована и проанализирована мировая практика использования центральными банками такого инструмента монетарной политики как регулирование нормативов обязательных резервов. Идентифицировано влияние регулирования нормативов обязательного резервирования на макроэкономические показатели. Доказана гипотеза возможности применения закона долгосрочной денежного предложения для монетарного регулирования экономики и эффективность применения инструмента регулирования нормативов обязательного резервирования для достижения целей монетарной политики центральных банков.

Keywords

EN

central bank; monetary policy; required reserve ratio; impact; macroeconomic indicators

PL

bank centralny; polityka pieniężna; stopa rezerwy obowiązkowej; wpływ; wskaźniki makroekonomiczne

RU

центральный банк; монетарная политика; нормативы обязательного резервирования; влияние; макроэкономические показатели

• Publisher: Międzynarodowy Instytut Innowacji Nauka – Edukacja – Rozwój w Warszawie
• Journal: International Journal of New Economics and Social Sciences
• Year: 2018
• Volume: 7(1)
• Pages: 63-75

Dates

published

2018-06-30

Contributors

author

Ilchuk Pavlo

author

Kots Olha

author

Martynyuk Daryna

author

Prokopchuk Viktoriya

References

• 1. Demiralp S., Farley D. (2005). Declining required reserves, funds rate volatility, and open market operations (in) Journal of Banking & Finance, №29, pp. 1131-1152.
• 2. Abakumenko O. (2016). Substantiation of the need for deviation from modern mon-etary policy tools (in) Problems and prospects of economics and management, №4, pp. 107-118.
• 3. Boyko D.I., Kokovikhi A.A. (2010). Use of required reserve ratios in the monetary policy of Ukraine (in) Economics and enterprise management, №3-4, pp. 45-47.
• 4. Gray S., Telbon N. (2014). Monetary Operations: A Handbook on Central Bank Ac-tivities (in) URL: http://www.bankofengland.co.uk/education/Docu-ments/ccbs/handbooks/pdf/ccbshb24_en.pdf
• 5. Ilchuk P.G., Kots O.O., Kondrat I. Y., Yaroshevich N.B. (2016). Money and credit, Publisher of PE Soroka T.B.
• 6. Demchuk N.I., Koval A.M. (2017). Management of monetary position and required reserves of the bank (in) International scientific journal "Internauka", № 2 (2), pp. 86-88.
• 7. Krichevskaya T.A. (2014). Priorities and tools of monetary policy in modern condi-tions (in) Bulletin of the Institute of Economics and Forecasting, No. 1, pp. 42-47.
• 8. Larionova K.L., Kapinos G.I. (2010). Current state and prospects for changes in Ukraine's monetary policy (in) Bulletin of Khmelnytsky National University, No. 1, T.1, pp. 136-141.
• 9. Mishchenko V. I., Somik A. V. and others (2008). Liquidity of the banking system of Ukraine: Scientific and analytical materials, National Bank of Ukraine. Center for Scientific Research.
• 10. Prokopowicz D., Gwoździewicz S. (2018) Regulated Normatively Anti-Cyclical Anti-Crisis Domestic Monetary Policy of Central Banking in Poland (in) Interna-tional Journal of Legal Studies (IJOLS) 1 (3) Published: International Institute of Innovation «Science-Education-Development» in Warsaw
• 11. Stelmakh V.S. (2009). Monetary policy of the National Bank of Ukraine: current state and prospects for changes, the Center for Scientific Research of the National Bank of Ukraine, UBA NBU.
• 12. The official site of the Bank of England. Bank of England (in) URL: http://www.bankofengland.co.uk
• 13. The official website of the National Bank of Georgia. National Bank ff Georgia (in) URL: https://www.nbg.gov.ge
• 14. The official website of the Bank of Poland. National Bank of Poland(in) URL: http://www.nbp.pl/
• 15. The official website of the Bank of the Republic of Belarus. National Bank of the Republic of Belarus (in) URL: http://www.nbrb.by/
• 16. The official website of the Central Bank of the Russian Federation (in) URL: http://www.cbr.ru/
• 17. The official website of the State Statistical Service of Ukraine (in) URL: http: // www.ukrstat.gov.ua
• 18. The official website of the European Central Bank. European Central Bank (in) URL: http://www.ecb.europa.eu
• 19. The official website of the International Monetary Fund: statistical data. International Monetary Fund: International Financial Statistic (in) URL: http://data.imf.org/?sk=388DFA60-1D26-4ADE-B505-A05A558D9A42
• 20. The official website of the Ministry of Finance of Ukraine (in) URL: http://in-dex.minfin.com.ua
• 21. The official website of the National Bank of Ukraine (in) URL: http://www.bank.gov.ua/
• 22. The official website of the National Bank of Ukraine. Instruments of monetary policy (in) URL: http://bank.gov.ua/control/uk/publish/arti-cle?art_id=68708&cat_id=79220
• 23. Perkonos I.E., Kostina A.N. (2016). Advantages and disadvantages of using the required reserve ratio as a tool of monetary policy (in) Formation of market relations in Ukraine, No. 1, p. 43-49.
• 24. The Resolution of the Board of the National Bank of Ukraine "On Amendments to the Resolution of the Board of the National Bank of Ukraine of December 18, 2014 No. 820" dated 17.03.2016 No. 170 (in) URL: http://zakon0.rada.gov.ua/laws/show / v0170500-16
• 25. The Resolution of the Board of the National Bank of Ukraine "On some issues of regulation of the monetary market" from 19.06.2012 № 248 (in) URL: http://zako4.rada.gov.ua/laws/show/v_248500-12.
• 26. The Resolution of the Board of the National Bank of Ukraine "On some issues of regulation of the monetary market" of September 19, 2013 №371 (in) URL: http://zako4.rada.gov.ua/laws/show/v0371500-13.
• 27. Kuznetsova A.Y. (2010). Problems of price and financial stability and innovative development in Ukraine: monograph, publishing office of UBA NBU.
• 28. Protocol on the Charter of the European System of Central Banks and the European Central Bank dated 01.01.2015 (in) URL: http://za-kon2.rada.gov.ua/laws/show/994_681
• 29. Pshyk B.I. (2017). Sustainability of monetary circulation in Ukraine in the context of the implementation of monetary policy tools (in) Bulletin of the University of Banking, No. 1, p. 15-20.
• 30. Seliverstov V.V. (2014). Influence of monetary policy tools of the Bank of England on the level of inflation (in) Finance of Ukraine, No. 7, pp. 87-98.
• 31. Somik A. V. (2014). Improvement of the required reserve ratios as a tool of the monetary policy of the National Bank of Ukraine (in) Public administration: improve-ment and development, No. 10, URL: http://nbuv.gov.ua/UJRN/Duur_2014_10_5
• 32. Tushnitskaya N.A. (2000). Methodology for the study of monetary tools of the central bank (in) Formation of a new paradigm of economic education in Ukraine: collection of scientific articles of participants in the International Scientific-Methodical Con-ference, LSU named after Ivan Franko.
• 33. Shpakovskaya N. (2013). Required reserves as a financial instrument for ensuring financial stability of the bank (in) Collection of scientific papers of the Cherkasy State Technological University. Ser. : Economics, Issue. 35 (1), pp. 175-180.

Identifiers

ISSN

2450-2146

EISSN

2451-1064

DOI

10.5604/01.3001.0012.2548