Page 105 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE

Turning back to the evaluation of current practices in financial stability

maintenance at the level of National Bank of Ukraine, we have to admit that, in
spite of the lack of institutional design, limitations in operations, there are still

some elements of the financial stability maintenance policy are evidenced in

Ukraine.
Monitoring and analysis are elements of the first step that aims to obtain

information on the status of threats to the banking system, by using which it is
planned to develop and implement regulatory measures at national and

international levels.
The National Bank of Ukraine preventive measures to ensure financial

stability include: analysis and monitoring of the markets, the assessment of the

impact of market trends on the state of the monetary system, analysis and
monitoring of capital inflows and outflows in the country, framing and analysis

of indicators of financial stability, analysis of payments system, indicators of the

banking system performance, public finance and their impact on inflation and
other measures. Along with this efficiency of these activities in terms of

supporting financial stability is depressed by imperfect coordination both within
the bank and with other state regulators.

But progress was achieved in other fields - participation in the
development of the international system of financial stability. Clear

allocation of responsibilities between government regulators and enforced

control over the implementation of measures with respect to obligations
fulfillment according to international treaties and the compliance with the

requirements of technical assistance programs certainly have contributed to
that. Joint preparation of Memorandums on economic and financial policies

in terms of the technical assistance program "Stand-by" realization have
facilitated to accurate definition of the priorities of economic policy,

appropriate coordination of government activities, exchange of information

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