货币自由化对乌克兰经济的影响

V. Harkavenko, G. Yershova
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引用次数: 1

摘要

在考察乌克兰金融关系的转变时,作者在上一篇文章中分析了外资对乌克兰经济发展的影响,发现外资集中于某些经济活动有助于巩固其原材料导向。作者的结论是,由于乌克兰经济发展模式的扭曲,发达国家吸引外资和改革金融部门的成功做法在乌克兰经济中是无效的。在继续研究乌克兰金融关系的转变(这种转变是在国内立法接近欧洲标准的影响下发生的)的同时,作者不能撇开货币立法自由化对经济的影响问题。鉴于货币自由化显著影响外国投资者的行为,作者对金融部门的立法变化进行了深入分析,并描述了其实施的主要结果。分析了乌克兰货币自由化对商业实体和整体经济的积极和消极影响。特别注意与乌克兰金融市场中资本流动和非居民行为有关的业务自由化相关的风险。结论是,发展模式扭曲的乌克兰经济属于财政和体制薄弱的经济,因此目前不准备开放其货币关系,这只会加深变形,降低对宏观经济失衡的复原力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The impact of currency liberalization on the economy of Ukraine
Examining the transformation of financial relations in Ukraine, in the previous article the authors analyzed the impact of foreign capital on the economic development of this country's economy and found that its concentration in certain economic activities contributed to consolidating its raw material orientation. The authors conclude that due to the distorted model of Ukraine's economic development, successful practices of developed countries to attract foreign investment and reform the financial sector are ineffective in this country's economy. Continuing the study of the transformations of financial relations in Ukraine, which are taking place under the influence of the approximation of domestic legislation to European standards, the authors could not leave aside the question of impact of the liberalization of currency legislation on the economy. Given that currency liberalization significantly affects the behavior of foreign investors, the authors conducted an in-depth analysis of legislative changes in the financial sector, and described the main results of their implementation. The positive and negative consequences of currency liberalization in Ukraine for business entities and the economy in general are analyzed. Particular attention is paid to the risks associated with the liberalization of operations related to the movement of capital and the behavior of non-residents in the financial market of Ukraine. It is concluded that Ukraine's economy with its distorted development model belongs to the financially and institutionally weak ones, hence is not presently ready to liberalize its monetary relations, which could only deepen the deformations and reduce resilience to macroeconomic imbalances.
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