How central bank’s policies undermine a troubled currency and exacerbate recession: the case of Ukraine

Yuri Poluneev ()
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Yuri Poluneev: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 51, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: In the last two years, ongoing military conflict in the East, deep economic recession and the downfall of national currency have become biggest shocks to Ukraine, its households and business enterprise. As a result, the country, one of the largest in Europe's geographical centre, has quickly evolved into a geopolitical spot of extreme instability where internal and external shocks can trigger “snow slide” effects.

Pages: 16 pages
Date: 2016-03
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