{"id":7459,"date":"2018-10-23T08:41:40","date_gmt":"2018-10-23T05:41:40","guid":{"rendered":"https:\/\/ces.org.ua\/en\/?p=2076"},"modified":"2019-05-30T23:12:25","modified_gmt":"2019-05-30T20:12:25","slug":"ukrainian-banking-and-finance-major-changes-and-challenges","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/ukrainian-banking-and-finance-major-changes-and-challenges\/","title":{"rendered":"Ukrainian banking and finance: major changes and challenges"},"content":{"rendered":"<p>Many years of fixed exchange rate together with expansionary fiscal policy created huge external imbalances.<\/p>\n<p>The report&nbsp;describes the following&nbsp;key issues of&nbsp;Ukrainian banking and finance:<\/p>\n<ul>\n<li>Inflation targeting instead of defending the currency peg<\/li>\n<li>\u2018Moral hazard\u2019 aftermath \u2013 fewer banks of better quality<\/li>\n<li>Strengthening of the supervision<\/li>\n<li>State-owned banks ruled by the market<\/li>\n<li>New currency law paves the way to future FX liberalization<\/li>\n<\/ul>\n<p>The report was presented in&nbsp;Vienna during the panel discussion &#8220;Ukraine\u2019s Economic Development and the EU Association Agreement&#8221;.<\/p>\n<p><span style=\"color: #808080;\">This report was produced under the Ukrainian Think Tank Development Initiative (TTDI), which is implemented by the International Renaissance Foundation (IRF) in partnership with the Open Society Initiative for Europe (OSIFE). TTDI is funded by the Embassy of Sweden in Ukraine. The views and interpretations expressed in this report are the authors\u2019 and do not necessarily reflect those of the Government of Sweden, IRF and OSIFE.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many years of fixed exchange rate together with expansionary fiscal policy created huge external imbalances. The report&nbsp;describes the following&nbsp;key issues of&nbsp;Ukrainian banking and finance: Inflation targeting instead of defending the currency peg \u2018Moral hazard\u2019 aftermath \u2013 fewer banks of better quality Strengthening of the supervision State-owned banks ruled by the market New currency law paves [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[176,186,143],"tags":[],"experts":[172],"news_type":[140],"class_list":["post-7459","post","type-post","status-publish","format-standard","hentry","category-macroeconomics-en","category-reports-en","category-home-news-en","experts-maria-repko","news_type-researches"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/7459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/comments?post=7459"}],"version-history":[{"count":0,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/7459\/revisions"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=7459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=7459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=7459"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=7459"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=7459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}