Matches in SemOpenAlex for { <https://semopenalex.org/work/W2948652027> ?p ?o ?g. }
Showing items 1 to 61 of
61
with 100 items per page.
- W2948652027 abstract "The relevance of trust in the central bank is determined by the rapid growth of the gap between the expectations of a regulator and market participants regardless of the reforms carried out by the NBU. Therefore, the need to use the “non-traditional” monetary policy instruments has enhanced the role of verbal interventions in the context of inflation targeting. The aim of the article is to ground that trust causes adequate rational behavior of the market participants in response to the central bank’s communication policy. The type of this research is an explanatory research method. As determined, trust is the necessary condition for the effectiveness of the central bank’s communication strategy and it favors the achievement of proclaimed objectives. It is established that although since 2014 the NBU activated verbal interventions as an additional instrument to anchor expectations, the increase of transparency does not prompt the trust because of the lack of confidence of citizens in the NBU and high level of stress in the domestic financial sector. It is emphasized that the pursuit of inflation targeting requires expanded communication to gather the expectations of economic agents. The NBU, in its communication policy concerning the economic climate, underlines devaluation expectations, the exchange rate and explanations on the discount rate. However, the deviation of expected enterprises’ exchange rate from the actual exchange rate, growing velocity of money circulation against the declining share of funds involved in the banking system, low monetization level and low penetration of financial services evidence the distrust in monetary policy." @default.
- W2948652027 created "2019-06-14" @default.
- W2948652027 creator A5021471095 @default.
- W2948652027 creator A5027453064 @default.
- W2948652027 creator A5051294807 @default.
- W2948652027 creator A5074089585 @default.
- W2948652027 date "2019-06-07" @default.
- W2948652027 modified "2023-09-23" @default.
- W2948652027 title "Communication as an instrument for enhancing trust in a central bank: the case of Ukraine" @default.
- W2948652027 cites W2803655745 @default.
- W2948652027 doi "https://doi.org/10.21511/bbs.14(2).2019.09" @default.
- W2948652027 hasPublicationYear "2019" @default.
- W2948652027 type Work @default.
- W2948652027 sameAs 2948652027 @default.
- W2948652027 citedByCount "1" @default.
- W2948652027 countsByYear W29486520272020 @default.
- W2948652027 crossrefType "journal-article" @default.
- W2948652027 hasAuthorship W2948652027A5021471095 @default.
- W2948652027 hasAuthorship W2948652027A5027453064 @default.
- W2948652027 hasAuthorship W2948652027A5051294807 @default.
- W2948652027 hasAuthorship W2948652027A5074089585 @default.
- W2948652027 hasBestOaLocation W29486520271 @default.
- W2948652027 hasConcept C112698675 @default.
- W2948652027 hasConcept C121955636 @default.
- W2948652027 hasConcept C126285488 @default.
- W2948652027 hasConcept C136764020 @default.
- W2948652027 hasConcept C144133560 @default.
- W2948652027 hasConcept C162324750 @default.
- W2948652027 hasConcept C17744445 @default.
- W2948652027 hasConcept C199539241 @default.
- W2948652027 hasConcept C23123220 @default.
- W2948652027 hasConcept C2777382242 @default.
- W2948652027 hasConcept C2779473830 @default.
- W2948652027 hasConcept C2992735868 @default.
- W2948652027 hasConcept C41008148 @default.
- W2948652027 hasConcept C41458344 @default.
- W2948652027 hasConcept C556758197 @default.
- W2948652027 hasConcept C83867959 @default.
- W2948652027 hasConceptScore W2948652027C112698675 @default.
- W2948652027 hasConceptScore W2948652027C121955636 @default.
- W2948652027 hasConceptScore W2948652027C126285488 @default.
- W2948652027 hasConceptScore W2948652027C136764020 @default.
- W2948652027 hasConceptScore W2948652027C144133560 @default.
- W2948652027 hasConceptScore W2948652027C162324750 @default.
- W2948652027 hasConceptScore W2948652027C17744445 @default.
- W2948652027 hasConceptScore W2948652027C199539241 @default.
- W2948652027 hasConceptScore W2948652027C23123220 @default.
- W2948652027 hasConceptScore W2948652027C2777382242 @default.
- W2948652027 hasConceptScore W2948652027C2779473830 @default.
- W2948652027 hasConceptScore W2948652027C2992735868 @default.
- W2948652027 hasConceptScore W2948652027C41008148 @default.
- W2948652027 hasConceptScore W2948652027C41458344 @default.
- W2948652027 hasConceptScore W2948652027C556758197 @default.
- W2948652027 hasConceptScore W2948652027C83867959 @default.
- W2948652027 hasLocation W29486520271 @default.
- W2948652027 hasOpenAccess W2948652027 @default.
- W2948652027 hasPrimaryLocation W29486520271 @default.
- W2948652027 isParatext "false" @default.
- W2948652027 isRetracted "false" @default.
- W2948652027 magId "2948652027" @default.
- W2948652027 workType "article" @default.