№ 4/2020

№ 4/2020

Nauk. pr. NDFI 2020 (4): 18–33https://doi.org/10.33763/npndfi2020.04.018

ECONOMIC SECURITY

DROBIAZKO Anatolii ¹, OLIINYK Dmytro ²

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-0453-0709
²SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0001-6009-2646

Behavioral response of households to monetary policy in the context of Ukraine's national security

There have been three acute economic crises in Ukraine that have affected the transformation of the financial sector over the past 15 years. All previous crises began with the destabilization of the banking sector and continued with further devaluation of the national currency exchange rate and consumer market inflation. With minimal losses, households emerged from the crisis by transferring their savings to foreign currencies in a timely manner, despite the more favorable terms of national currency deposits. The stability of the banking system's relations with households can be measured by the volume of financial flows of deposits and loans in national currency and foreign currency. Measuring these flows provides fairly accurate information about the behavior of the main domestic lender and borrower, and based on this information you can accurately predict future behavior. The behavior of households in the crisis of the COVID-19 pandemic in 2020 demonstrates the stability of the economic situation, which is measured by an increase in deposits and a small increase in the loan portfolio. When analyzing the amount of cash flows, it should be taken into account that over the last 15 years the scale of the value of money has changed significantly more than 5 times. The change in the cash flow measurement scale should be taken into account when comparing financial flows from year to year in historical perspective. The article systematizes the approaches to the assessment of trends in the directions of resource flows between the banking system and households. This approach at a given date can be considered in terms of the psychological state of society in the context of national financial security.

Keywords:monetary policy, household finance, corporate finance, national security

JEL: D14, F52, G21, R29

DROBIAZKO A. . Behavioral response of households to monetary policy in the context of Ukraine's national security / A. . DROBIAZKO, D. Oliinyk // Наукові праці НДФІ. - 2020. - № 4. - C. 18-33.

Article original in Ukrainian (pp. 18 - 33)

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