Research of Functional Changes in Foreign Exchange Rate EUR/ UAH under Conditions of Economic Transformation in Ukraine

• Autorzy: Oksana Oliinyk , Valentyna Ksendzuk , Larysa Sergiienko , Iryna Lehan
• Języki publikacji: EN

Abstrakty

EN

The article substantiates the need to conduct research into the factors changing the exchange rate between the euro and the Ukrainian hryvnia (EUR/UAH) due to the fact that, in the last few years, the devaluation of the Ukrainian hryvnia has destabilised the economic environment for entrepreneurship. Thus, this work analyses the determinants of the exchange rate in Ukraine; the investigated correlation between the EUR/UAH exchange rate and a set of factors confirmed that changes in money supply and government debt correlated tightly with rises and falls in the EUR/UAH exchange rate. By contrast, other factors (GDP, budget deficit, export operations, the positive balance of payments, inflation, public debt) have statistically insignificant correlations with the exchange rate and are not included in the regression model. It is suggested to harmonise monetary policy with fiscal policy, which has the greatest influence on the exchange rate, as well as to analyse the connection between these policies and the country's foreign trade policy, which will allow the exchange rate to be stabilised and ensure suitable conditions for the economic growth of foreign economic entities. (original abstract)

Słowa kluczowe

EN

Exchange rates; Currency risk; Inflation; Gross domestic product (GDP); Foreign trade; External debt; Regression analysis

PL

Kurs walutowy; Ryzyko walutowe; Inflacja; Produkt krajowy brutto (PKB); Handel zagraniczny; Dług zagraniczny; Analiza regresji

• Czasopismo: Bulletin of Geography. Socio-economic Series
• Rocznik: 2020
• Numer: No. 48
• Strony: 141--154

Twórcy

autor

Oksana Oliinyk

• State University "Zhytomyr Polytechnic", Ukraine

autor

Valentyna Ksendzuk

• Zhytomyr State Technological University, Ukraine

autor

Larysa Sergiienko

• Zhytomyr State Technological University, Ukraine

autor

Iryna Lehan

• State University "Zhytomyr Polytechnic", Ukraine

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Identyfikatory

DOI

10.1515/21534