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The Main Directions Of Exchange Rate Policy Of Ukraine For Maintaining A Stable Economic Development


  • Olga Shpenyuk

    (Institute for Economy and Forecasting, Ukrainian NAS, Kyiv)


The objective of the article is to define the main directions of exchange rate policy of Ukraine to maintain its stable economic development. The article considers main advantages and disadvantages of existing exchange rate regime in Ukraine. Positive effects of serial implementation of more flexible exchange rate regime are indicated. Special attention is paid to benefits of moderate undervaluation of the national currency within the exchange rate band. The target index of hryvnia devaluation and the exchange rate of hryvnia are calculated.

Suggested Citation

  • Olga Shpenyuk, 2012. "The Main Directions Of Exchange Rate Policy Of Ukraine For Maintaining A Stable Economic Development," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 11, pages 16-20, November.
  • Handle: RePEc:uje:journl:y:2012:i:11:p:16-20

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