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Monetary policy in times of war: the case of Ukraine
[La politique monétaire en temps de guerre : le cas de l’Ukraine]

Author

Listed:
  • Valentin Burban
  • Pavel Diev
  • Fabio Grieco
  • Théo Iberrakene

Abstract

Since the beginning of the Russian invasion, the National Bank of Ukraine (NBU) has contributed to the resilience of the Ukrainian economy by using a variety of instruments to support the war effort and respond to financial imbalances. This blog post analyses this contemporary example of a central bank in wartime from the perspective of the notion of monetary policy autonomy. Depuis le début de l’invasion russe, la Banque nationale d’Ukraine (BNU) a contribué à la résilience de l’économie ukrainienne en utilisant une variété d’instruments pour soutenir l’effort de guerre et répondre aux déséquilibres financiers. Ce billet analyse cet exemple contemporain de banque centrale en temps de guerre à l’aune du concept d’autonomie de la politique monétaire.

Suggested Citation

  • Valentin Burban & Pavel Diev & Fabio Grieco & Théo Iberrakene, . "Monetary policy in times of war: the case of Ukraine [La politique monétaire en temps de guerre : le cas de l’Ukraine]," Eco Notepad (in progress), Banque de France.
    • Handle: RePEc:bfr:econot:372
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