IDEAS home Printed from https://ideas.repec.org/a/uje/journl/y2013i7p16-21.html
   My bibliography  Save this article

Fiscal Leverage On Capital Market Development At National Level

Author

Listed:
  • Igor Doroshenko

    (Russian Standard Bank, Kyiv)

Abstract

The article deals with the nature, objectives and main instruments of state fiscal policy. We singled out fiscal methods of regulation of the capital market by the National Bank of Ukraine. The attention is focused on the mechanisms of regulation of compulsory sale of foreign exchange earnings. We defined tax methods of regulation of capital markets and new arrangements for taxation of securities. We grounded harmfulness of implementing a tax on sale of foreign currency exchange market and capital market, leading to a flourishing black market total foreign exchange trading, the emergence of entirely new illegal schemes for new tax evasion and an almost complete absence of its revenues to the Pension Fund of Ukraine, an increased incidence of currency fraud. The positive trends in the dynamics of the financial resources of the Fund Deposit Guarantee as an important precondition strengthening the banking system of Ukraine are revealed.

Suggested Citation

  • Igor Doroshenko, 2013. "Fiscal Leverage On Capital Market Development At National Level," Ukrainian Journal Ekonomist, Yuriy Kovalenko, issue 7, pages 16-21, July.
  • Handle: RePEc:uje:journl:y:2013:i:7:p:16-21
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uje:journl:y:2013:i:7:p:16-21. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vadym Bardas'). General contact details of provider: http://ua-ekonomist.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.