Rudenko, Z. M. (2008). Otsinka faktychnykh tsiley Natsional'noho banku Ukrayiny u formuvanni ta realizatsiyi hroshovo-kredytnoyi polityky [An Estimation of Actual Aims of the National Bank of Ukraine in Forming and Realization of Monetary Policy]. Rehional'na ekonomika - Regional Economy, 50(4), 115-119. [in Ukrainian].

Authors

Resume

On the basis of analysis of interest rate according to credits the overnight credits at the banking market empiric verification of intermediate aims of monetary-credit policy in Ukraine has been carried out. As alternative special purpose variables are examined: rates of change of nominal currency of national exchange rate against USD; logarithm of the real effective currency of the national exchange rate, logarithm of amount (M0, M3) of money and logarithm of money base. The obtained result testifies to the of correlation of interest rate at the market with the level of money proposition, which is explained not by reaction of the National bank of Ukraine on monetary development, but dependence of values of interest rate, at the market on the level of money proposition.

Keywords:

interest rate, amount of money, course of exchange, monetary-credit policy