Ukraine: Selected Issues

International Monetary Fund

No 2007/047, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyses the impact that rising energy import prices might have on growth and inflation in Ukraine. The paper examines how rising gas prices might elevate macrofiscal risks in Ukraine’s state enterprise sector. It assesses Ukraine’s equilibrium exchange rate mainly based on the macroeconomic balance approach, and provides an account of the monetary framework debate. The paper also summarizes the current framework’s achievements and shortcomings, and looks at traditional criteria for determining whether a peg or float fits Ukraine’s economic characteristics.

Keywords: ISCR; CR; foreign currency; exchange rate; bank; liquidity risk; price shock; transmission mechanism; credit risk; Inflation; Inflation targeting; Fuel prices; Energy prices; Dollarization; Baltics; Eastern Europe; Western Europe; Europe; Africa (search for similar items in EconPapers)
Pages: 97
Date: 2007-02-05
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Citations: View citations in EconPapers (2)

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