Articles by : Shumska Svitlana № 3/2004
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
Capitalization of Ukraine's economy: assessment and growth reserves
ABSTRACT ▼
The deals with various aspects of «economy capitalization». She analyses Ukraine's economy capitalization in the context of revealing «bottlenecks», growth reserves and possible ways of their commitment.
Keywords:
| Article in Russian (pp. 60 - 80) | Download | Downloads :229 |
| Article in Ukrainian (pp. 60 - 79) | Download | Downloads :188 |
REFERENCES ▼
№ 4/2006
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
National wealth: methodological approaches and estimation for ukraine
ABSTRACT ▼
The author considers various methodological approaches to determination of the components of national wealth. She gives sample estimates of national wealth of individual countries and offers several variants of calculations for Ukraine’s national wealth.
Keywords:
| Article in Russian (pp. 62 - 77) | Download | Downloads :230 |
| Article in Ukrainian (pp. 62 - 76) | Download | Downloads :233 |
REFERENCES ▼
№ 4/2008
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
Escape of capital from Ukraine’s economy: analysis and assessment based on balance of payments data
ABSTRACT ▼
JEL:
| Article in Russian (pp. 56 - 77) | Download | Downloads :258 |
| Article in Ukrainian (pp. 56 - 77) | Download | Downloads :429 |
REFERENCES ▼
№ 4/2009
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
Factor of expectations under financial instability
ABSTRACT ▼
The article shows the role of expectation factor in the development of the crisis phenomena in Ukraine’s economy in 2008-2009. The author defines the factors forming the expectations factor during the period of financial instability and carries out its quantitative and qualitative assessment.
Keywords:
| Article in Russian (pp. 48 - 64) | Download | Downloads :224 |
| Article in Ukrainian (pp. 48 - 64) | Download | Downloads :237 |
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№ 4/2010
International economySHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
Russian capital in Ukraine’s banking system: development dynamics and spheres of interest
ABSTRACT ▼
The article deals with the ways and dynamics of the expansion of foreign capital in Ukraine’s banking system. The author defines the spheres of interest and development tendencies of the banks with Russian capital, as well as various peculiarities in the behavior of the Russian banks.
Keywords:
| Article in Russian (pp. 58 - 73) | Download | Downloads :215 |
| Article in Ukrainian (pp. 58 - 73) | Download | Downloads :218 |
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№ 1/2012
Political economySHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
Capitalization of the economy: systemic approach and methodological guidelines of research
ABSTRACT ▼
A contribution is made into a complex analysis of conceptual foundations of the culture of competition. The main causes of the formation of the culture of competition in modern conditions are defined. The problems of formation of competition culture in Ukraine are reviewed and the ways of resolving them are outlined.
Keywords:
| Article in Russian (pp. 35 - 49) | Download | Downloads :288 |
| Article in Ukrainian (pp. 35 - 49) | Download | Downloads :470 |
REFERENCES ▼
№ 4/2013
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
THEORY OF OPTIMUM CURRENCY AREAS: CRITERIA AND ANALYSIS OF INDICATORS CHARACTERIZING THE INTEGRATION IN UKRAINE AND CIS
ABSTRACT ▼
The article investigates the possibility of applying the theory of optimal currency area (OCA) to the evaluation of the integration process of Ukraine and justifies the choice of direction (partners and common currency). The author formulates the basic criteria for inclusion.
The article provides the results of the analysis of the dynamics of macroeconomic indicators of the development of integration processes in Ukraine by the basic criteria of OCA theory and a comparison of the calculated performance of mutual volatility of real exchange rates, volatilities and correlations of indicators of the real sector, the money supply, inflation, the relative size of economies and bilateral trade. The author investigates the readiness for integration, as well as the long term possibility of establishing a monetary union between Ukraine and the CIS countries (the Russian Federation, the Republic of Kazakhstan, and the Republic of Belarus) and the countries of the Eurozone.
Keywords:the optimum currency area theory, the criteria for integration, macroeconomic comparative analysis, monetary integration of Ukraine
JEL: F15, F31, F36, Е63
| Article in Russian (pp. 48 - 65) | Download | Downloads :224 |
| Article in Ukrainian (pp. 48 - 65) | Download | Downloads :203 |
REFERENCES ▼
Honchar O.M. (2012) Ekonomichna konverhentsiya ta synkhronizatsiya dilovykh tsykliv u zoni yevro // Visnyk Natsional?noho universytetu „L?vivs?ka politekhnika”. № 739. S. 206–213.
Drobyshevskyy S.M., Polevoy D.Y. (2004) Problemy sozdanyya edynoy valyutnoy zony v stranakh SNH. M.: Y?PP. 110 s. //
www.iep.ru/files/text/working_papers/80.pdf
Drobyshevskyy S.M., Polevoy D.Y. (2007) Fynansovye aspekty valyutnoy yntehratsyy na terrytoryy SNH. M.: Y?PP. 152 s. //
www.iep.ru/files/text/working_papers/109.pdf
Savchenko T.H., Rebryk M.A., Kazarinov D.V. (2012). Ekonomichna otsinka dotsil?nosti valyutnoyi intehratsiyi Ukrayiny z naybil?shymy krayinamy SND // Visnyk Ukrayins?koyi akademiyi bankivs?koyi spravy. № 2 //
archive.nbuv.gov.ua/portal/-Soc_Gum/VUABS/2012_2/33_02_04.pdf.
Tereshchenko A.L. (2001). Optymal?nye valyutnye zony // Belorusskyy bankovskyy byulleten?. № 30. S. 27–44.
Tereshchenko A.L. (2003) ?konometrycheskyy analyz sootvet·stvyya respublyky Belarus? y Rossyyskoy Federatsyy kryteryyam optymal?nosty valyutnykh zon // Sbornyk nauchnykh statey pod obshchey redaktsyey M.M. Kovaleva. Mynsk: BHU. 359 s. //
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Alesina A., Barro R., Tenreyro S. (2002). Optimal Currency Areas. Harvard Institute of Economic Research Working Papers 1958, Harvard – Institute of Economic Research //
www.nber.org/chapters/c11077.pdf
Alesina A., Barro R.J. (2002). Currency unions // Quarterly Journal of Economics. No. 117(2). P. 409–436 //
dash.harvard.edu/bitstream/handle/¬1/4551795/alesina-_currencyunions¬.pdf?¬sequence=2
Bayomi T., Eichengreen B. (1997), “Ever Closer to Heaven? An Optimum-Currency-Area Index for European Countries”, European Economic Review 41, 761–770.
Chaplygin V., Hughes-Hallett A., Richter, C. (2006). Monetary Integration in the ex-Soviet Union: a ‘Union of Four’ // Economics of Transition, vol.14 (1), pp. 47–68 //
-www.webmeets.com/files/papers/SAE/2004/118/The%20gang%20of%20four%20final.pdf
Haberler, Gottfried (1970). “The International Monetary System: Some recent Developments and Discussions, “ in Approaches to Greater Flexibility in Exchange Rates, edited by George Halm, Princeton University Press, pp. 115–23.
Kenen P. (1969). The Theory of Optimum Currency Areas: An Eclectic View // Monetary Problems in the International Economy. Chicago: University of Chicago Press. P. 41–60.
Mayes D., Korhonen V. (2006). The CIS – does the regional hegemon facilitate monetary integration? //
aei.pitt.edu/7971/1/mayes-d-05a.pdf
McKinnon R. (1963). Optimum Currency Areas // American Economic Review.. No 53. P. 717–725.
Mintz, N. N. (April 1970), “Monetary Union and Economic Integration”, The Bulletin, New York University.
Mongelli F. P. (2002). “New” views on the optimum currency area theory: what is EMU telling us? European Central Bank. Working paper No. 138 //
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Mundell, Robert A. (1961), "A Theory of Optimum Currency Areas." American Economic Review, vol. 51, pp. 657–665.
Tower E., Willet T. (1976). "The Theory of Optimum Currency Areas and Exchange Rate Flexibility," International Finance Section, No. 11, Princeton University.
Ursu A. (2010). Monetary Integration in the Ex-Soviet Union: Some Preliminary Findings from Generalized PPP Theory //
ssrn.com/abstract=1716002
№ 1/2015
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
Interconnection between the imbalances in Ukraine’s financial sector
ABSTRACT ▼
The article presents quantitative assessments of imbalances in the financial sector and shows their connection to each other and to the government’s economic policy, which is determined by the choice of the model of socio-economic development, such as the imbalance of cash in circulation (because, in addition to Ukrainian hryvnia, the cash flow has a significant amount of foreign cash); foreign trade imbalance whose presence is indicated by the negative current account balance and gross external debt; imbalance between internal and external resources of economic development; "gaps" between savings and investments of the national economy. The author mentions the essential, according to experts of the World Economic Forum, global trends 2015 and global risks that define and limit the driving forces of the global economy, which will impact Ukraine's economy, creating new challenges and threats.
Keywords:imbalance, international investment position, balance of payments, foreign debt, savings, investments of the national economy, foreign currency in circulation
JEL: C62, D53, E22, E42, F32, F62
| Article in Russian (pp. 74 - 88) | Download | Downloads :257 |
| Article in Ukrainian (pp. 74 - 88) | Download | Downloads :255 |
REFERENCES ▼
Bazhan A.I. (red.) (2013) Global'nye disbalansy i krizisnye javlenija v mirovoj jekonomike. Ch. I. M. : In-t Evropy RAN : Rus. suvenir. 128 s.
Borodushko E.S. (2011) Principy i metody ocenki disbalansov jekonomi-cheskoj sistemy kak istochnika ugroz nacional'noj bezopasnosti // Vestnik Sankt-Peterburgskogo universiteta MVD Rossii. № 1 (49). S. 147–151.
Nagorskij V. (2015) Balans nedeli: issjakajushhie rezervy, masshtabnaja privatizacija i rossijskie ugrozy // UNIAN.
economics.unian.net/finance/1032863-balans-nedeli-issyakayuschie-rezervyi-masshtabnaya-privatizatsiya-i-rossiyskie-ugrozyi.html
NBU (2014) Platizhnyi balans i zovnishnii borh Ukrainy. 2014 rik. Shchokvartalne analitychno-statystychne vydannia. S. 9.
Radionova I. (2013) Teoriia finansovoi nestabilnosti v instrumentarii suchasnoi makroekonomiky // Visnyk Kyivskoho natsionalnoho universytetu imeni Tarasa Shevchenka. Seriia Ekonomika. T. 5. № 146. S. 63–67.
Savchenko T.H. (2010) Henezys teorii ekonomichnoi rivnovahy // Ekonomika i rehion. № 1. S. 198–206.
Fedorov K. (2013) Global'nye disbalansy: pjat' let spustja / Evrazijskij bank razvitija.
eabr.org/r/research/publication/today/index.php?from_4=1&id_4=31375.
Shevchenko L.M. (2012) Finansovaja globalizacija i riski utraty ustojchi-vosti nacional'noj finansovoj sistemy // Vestnik TGU. Vyp. 7 (111). S. 79–83.
Shumska S.S. (2008) Vtecha kapitalu z ukrainskoi ekonomiky: analiz ta otsinka za danymy platizhnoho balansu // Ekonomichna teoriia. – № 4. – C. 56–77.
Shumska S.S. (2014) Dysbalansy ekonomichnoho rozvytku yak naslidok porushennia rivnovahy i bariery dlia realizatsii potentsialu // Poten-tsial ekonomichnoho rozvytku krainy: teoriia i praktyka: kolektyvna monohrafiia u 2 t.; DonNUET. Donetsk: Skhidnyi vydavnychyi dim. T. 1. S. 64–74.
Shhetilova T.V. (2012) Ocenka global'nyh disbalansov v razvitii makro-jekonomicheskih sistem // Osnovy jekonomiki, upravlenija i prava. № 6. S. 106–111.
Aghion P., Baccheta P., Banerjee A. (2004) Financial development and the in-stability of open economy // NBER Working Paper № 10246. January.
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№ 3/2017
MacroeconomicsSHUMSKA Svitlana 1
1Institute for Economics and Forecasting, NAS of Ukraine
«Trust differential» and offshore level of bank capital in Ukraine
ABSTRACT ▼
The article reveals the concept of "trust differential" proposed by the author. The author reveals the distinctive features of the "trust differential" and examples of its application in socio-economic studies are given. The results of the study on offshore capitalization of Ukraine’s banking system are presented in two scenarios based on the official list of off-shore countries and financial centers by the IMF and OECD from 4 quarter of 2007 to 1 quarter of 2017. The author provides a geographic picture of offshore connections of banks operating in Ukraine. Conducted analysis of the dynamics of offshore levels calculated for different groups of banking institutions
Keywords: trust, trust differential, offshore, offshore capital
JEL: E26, F65
| Article in Russian (pp. 39 - 63) | Download | Downloads :639 |
| Article in Ukrainian (pp. 39 - 63) | Download | Downloads :368 |
REFERENCES ▼
1. Balakirieva, O.M., Dmytruk, D.A. (2016). Socio-economic consequences of the financial crisis and devaluation of the hryvnia. Ukr. socìum – Ukrainian society, 3 (58), 100-109 [in Ukrainian].
2. Blaug, M. (1994). Economic thought in retrospect. Moscow: Delo LTD [in Russian].
3. Krychevska, T.O. (2009). Logical-historical analysis of trust in the context of socio-economic relations. Ekon. teor. – Economic theory, 3, 5-18 [in Ukrainian].
4. Kuprejchenko, A. (2008). Psychology of trust and mistrust. Moscow: Institut psihologii RAN [in Russian].
5. Majboroda, T.L. (2011). Trust as an economic category: relevance, stages of research development. Vestnik Belorusskogo gosudarstvennogo jekonomicheskogo universiteta – Bulletin of the Belarusian State Economic University, 3. 19-24 [in Russian].
6. Ostapchuk, D. (2016). Invisible connections: whom Ukrainian banking system belongs to. VOXUkraine – VOXUkraine. Retrieved from
www.liga.net/projects/bank_ownership [in Russian].
7. Panova, G.S., Turuev, I.B., Jarygina, I.Z. (2014). De-offshorization as a factor in the development of the national economy. Vestnik MGIMO-Universiteta – Bulletin of MGIMO-University, 2, 102-112 [in Russian].
8. Smith, A. (2007). An Inquiry into the Nature and Causes of the Wealth of Nations. Moscow: Jeksmo [in Russian].
9. Fukujama, F. (2004). Trust. The Social Virtues and the Creation of Prosperity. Moscow: OOO "Izdatel'stvo ACT": ZAO NPP "Ermak" [in Russian].
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