INTERNATIONAL RESERVES: EVALUATION OF THE EFFICIENCY AND OPTIMALITY
This paper investigated the features of the formation and management of foreign exchange reserves. Also analyzed criteria for choosing the optimal level of international reserves of Ukraine. Establishment of foreign reserves is a necessary condition for the existence and operation of any state, because they stand for a number of important functions: give an opportunity to make an independent monetary policy and regulation by stabilizing the national exchange rate policy, may be used for repayment of the state debt, maintaining the confidence of foreign partners in the state’s ability to meet its obligations and creating the conditions for foreign trade.
[Download PDF version]
Keywords: monetary policy, foreign exchange reserves, criteria of optimality of international reserves |
BANK OPERATIONS
Sutormina Alona
assistant SHEI «Kyiv National Economic University named after Vadym Hetman»
|
