Restrictions of cash settlements in Ukraine: problems and prospects

Y. Bublyk

Economy and Forecasting, 2013, issue 2, 32-42

Abstract: The article, based on the analysis of the experience of Northern American, Euro zone and CIS countries, generalizes the strategies, measures and mechanisms of cash limitation. The author also analyzes the proportion of non-cash instruments in a series of countries and the preconditions for the development of special payment systems and identifies the level of the development of non-cash instruments in Ukraine and characterizes the state measures on cash limitation. The article provides a series of recommendations to solve the problem with large volumes of cash flows in Ukraine, which are currently hindering this country's economic development limiting the efficiency of regulatory monetary policy. The recommendations include the expansion of non-cash payments and special non-cash payment systems through the development of non-cash payments infrastructure, improvement of the banks' marketing strategies and timely modernization of the electronic payment systems and information technologies.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2013:i:2:p:32-42

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