Ilychok, B., & Trevoho, O.
(2016).
Exchange rate of Ukrainian currency – trends and potential changes.
Economics, Entrepreneurship, Management,
3(2),
31-38.
https://doi.org/10.23939/eem2016.02.031
Article
Exchange rate of Ukrainian currency – trends and potential changes
Abstract
The article is devoted to topical issues of increasing hryvnia exchange rate potential. There is presented a description of the main factors causing decrease of the exchange rate, namely: the negative balance of payments, galloping inflation, situational decline in demand for Ukrainian exports and large amounts of currency outflow due to shadow economy agents. Ways of reducing the shadow economy in Ukraine are proposed. The results of the proposed measures would reduce the rate of inflation due to increased state budget revenues; reduce the currency outflow from the country due to decreased domestic oligarchs’ demand for luxury goods. Consequently, there will improve the balance of payments, depreciation of hryvnia in its commodity coverage will be minimized, and hryvnia exchange rate will potentially stabilize
Keywords
Exchange rate, hryvnia, balance of payments, trade surplus, inflation, shadow economy
Received 14.06.2016, Revised 18.08.2016, Accepted 10.10.2016
Retrieved from Vol. 3, No. 2, 2016
Suggested citation
https://doi.org/10.23939/eem2016.02.031
Pages 31-38
References
References in the process of publication