Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine
The article substantiates the need to carry out a research of the factors affecting the change in the exchange rate of EUR/UAH due to the fact that the devaluation of the Ukrainian hryvnia in the last few years destabilizes the economic environment of entrepreneurship development. Thus, this work an...
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2020-06-01
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| Series: | Bulletin of Geography. Socio-Economic Series |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/bog-2020-0018 |
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| author | Oliinyk Oksana Ksendzuk Valentyna Sergiienko Larysa Lehan Iryna |
| author_facet | Oliinyk Oksana Ksendzuk Valentyna Sergiienko Larysa Lehan Iryna |
| author_sort | Oliinyk Oksana |
| collection | DOAJ |
| description | The article substantiates the need to carry out a research of the factors affecting the change in the exchange rate of EUR/UAH due to the fact that the devaluation of the Ukrainian hryvnia in the last few years destabilizes the economic environment of entrepreneurship development. Thus, this work analyzes the determinants of the exchange rate in Ukraine, and the investigated correlation between the dependence of the EUR / UAH exchange rate on a set of factors confirmed the tight correlation between the change in money supply and government debt and the rise / fall in the EUR / UAH national currency. Instead, other factors (GDP, budget deficit, export operations, the positive balance of payments, inflation, public debt) have statistically insignificant correlation to the studied indicator and are not included in the regression model. It is suggested to harmonize monetary policy that has the greatest influence on the formation of the exchange rate, as well as to analyze the connection this policy with the foreign trade policy of the country, which will enable to stabilize the exchange rate as well as to ensure the formation of suitable conditions for the economic development of foreign economic entities. |
| format | Article |
| id | doaj-art-1d0edff606ed43c9968b10b60dc3d96b |
| institution | Matheson Library |
| issn | 2083-8298 |
| language | English |
| publishDate | 2020-06-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Bulletin of Geography. Socio-Economic Series |
| spelling | doaj-art-1d0edff606ed43c9968b10b60dc3d96b2025-08-02T02:47:07ZengNicolaus Copernicus University in ToruńBulletin of Geography. Socio-Economic Series2083-82982020-06-01484814115410.2478/bog-2020-0018bog-2020-0018Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In UkraineOliinyk Oksana0Ksendzuk Valentyna1Sergiienko Larysa2Lehan Iryna3State University “Zhytomyr Polytechnic”, Zhytomyr, Department of Economic Safety, Public Management and AdministrationUkraineState University “Zhytomyr Polytechnic”, Zhytomyr, Department of Economic Safety, Public Management and AdministrationUkraineState University “Zhytomyr Polytechnic”, Zhytomyr, Department of Economic Safety, Public Management and AdministrationUkraineState University “Zhytomyr Polytechnic”, Zhytomyr, Department of Economic Safety, Public Management and AdministrationUkraineThe article substantiates the need to carry out a research of the factors affecting the change in the exchange rate of EUR/UAH due to the fact that the devaluation of the Ukrainian hryvnia in the last few years destabilizes the economic environment of entrepreneurship development. Thus, this work analyzes the determinants of the exchange rate in Ukraine, and the investigated correlation between the dependence of the EUR / UAH exchange rate on a set of factors confirmed the tight correlation between the change in money supply and government debt and the rise / fall in the EUR / UAH national currency. Instead, other factors (GDP, budget deficit, export operations, the positive balance of payments, inflation, public debt) have statistically insignificant correlation to the studied indicator and are not included in the regression model. It is suggested to harmonize monetary policy that has the greatest influence on the formation of the exchange rate, as well as to analyze the connection this policy with the foreign trade policy of the country, which will enable to stabilize the exchange rate as well as to ensure the formation of suitable conditions for the economic development of foreign economic entities.https://doi.org/10.2478/bog-2020-0018foreign currency exchange ratecurrency riskeur/uahgdpinflationforeign tradeexternal debtukraineregression analysis |
| spellingShingle | Oliinyk Oksana Ksendzuk Valentyna Sergiienko Larysa Lehan Iryna Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine Bulletin of Geography. Socio-Economic Series foreign currency exchange rate currency risk eur/uah gdp inflation foreign trade external debt ukraine regression analysis |
| title | Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine |
| title_full | Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine |
| title_fullStr | Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine |
| title_full_unstemmed | Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine |
| title_short | Research Of Functional Changes In Foreign Exchange Rate EUR/UAH Under Conditions Of Economic Transformation In Ukraine |
| title_sort | research of functional changes in foreign exchange rate eur uah under conditions of economic transformation in ukraine |
| topic | foreign currency exchange rate currency risk eur/uah gdp inflation foreign trade external debt ukraine regression analysis |
| url | https://doi.org/10.2478/bog-2020-0018 |
| work_keys_str_mv | AT oliinykoksana researchoffunctionalchangesinforeignexchangerateeuruahunderconditionsofeconomictransformationinukraine AT ksendzukvalentyna researchoffunctionalchangesinforeignexchangerateeuruahunderconditionsofeconomictransformationinukraine AT sergiienkolarysa researchoffunctionalchangesinforeignexchangerateeuruahunderconditionsofeconomictransformationinukraine AT lehaniryna researchoffunctionalchangesinforeignexchangerateeuruahunderconditionsofeconomictransformationinukraine |