BUSINESS INFORM №7-2017

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31

Section: Finance, Money Circulation and Credit
UDC 336.77:336.747.6
Krasnova I. V., Kot V. V.
Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine (p. 196 - 203)
The objectives of the article are identifying causal relationships between the macroeconomic determinants and the level of dollarization in Ukraine, as well as determining the activities for de-dollarization. The prerequisites, causes and consequences of dollarization have been covered. On the external grounds, dollarization is recognized as a manifestation of financial integration, on internal grounds, as a consequence of financial instability. The main types and forms of dollarization have been allocated. Forms of financial dollarization have been considered as: deposit, credit and monetary. The determinants that potentially impact the dollarization level have been allocated. According to the results of a correlation analysis, the thesis of direct strong connection between dollarization and currency deposits, i.e. the dominance of deposit dollarization, has been confirmed. In order to determine the causal nature of the interdependencies between variables and the level of dollarization, a Granger causality test was carried out, which confirmed the hypothesis of the significant influence of psychological attitudes and the distrust of economic agents towards the policies of government and monetary authorities. A set of macroeconomic, market and incentive de-dollarization activities have been proposed.
Keywords: dollarization, financial dollarization, deposit dollarization, foreign currency, de-dollarization, financial asset, imbalances, derivatives.
Fig.: 3. Tabl.: 3. Bibl.: 17.

Krasnova Iryna V. – Doctor of Sciences (Economics), Professor, Professor, Department of Banking and Insurance, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Kot Viktoriya V. – Bachelor, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Krasnova, Iryna V., and Kot, Viktoriya V. (2017) “Evaluating the Impact of Macroeconomic Factors on the Level of Dollarization in Ukraine.” Business Inform 7:196–203.

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