Kvazifiskal'ni operatsiyi tsentral'noho banku: sutnist', vydy ta naslidky zastosuvannya

• Authors: Sergey V. Leonov , Volodymyr N. Hlants

Title variants

EN

Quasi-fiscal Operations of Central Bank: Essence, Types and Consequences of Implementation

• Languages of publication: UK

Abstracts

EN

The essence of central bank' quasi-fiscal operations is researched. It is determined that central bank has dominant character during realization of quasi-fiscal operations because of its decisive role in supporting macroeconomic stability and substantial possibilities to accumulate profit. Their consequences on economic development are concretized and systematized in the context of its macroeconomic and financial influence. Key types of quasi-fiscal operations are investigated. They are divided into two groups: operations in financial sphere and operations in sphere of exchange control. Operations in sphere of exchange control are divided into those, which are connected with system of multiply exchange rates, and those, which arise as a result of taking risk of change in exchange rate by central bank. Quasi-fiscal activity experience of the National Bank of Ukraine is examined with providing characteristics and features of specific quasi-fiscal operation.

Keywords

EN

BANK; CENTRAL BANK; FISCAL POLICY; QUASI-FISCAL OPERATIONS; QUASI-FISCAL ACTIVITY; STATE REGULATION OF CENTRAL BANK ACTIVITY

• Publisher: Sumy State University, Business and Management Academy of Ukraine - Sumy regional branch and Publishing Company 'University Book'
• Journal: Mekhanizm Rehuluvannya Economiky
• Year: 2013
• Volume: 1 (59)
• Pages: 159-167

Contributors

author

Sergey V. Leonov

• Department of Finance, State Higher Educational Institution Ukrainian Academy of Banking of the National Bank of Ukraine, Sumy, Ukraine

author

Volodymyr N. Hlants