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Proceedings of International Conference on Business Management

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##plugins.schemas.marc.fields.title.name## The Ukrainian interest rate pass-through in the post-1999 era and the effectiveness of the countercyclical monetary policy
 
##plugins.schemas.marc.fields.creator.name## Nguyen, Chu V.
Kravchuk, Anna
 
##plugins.schemas.marc.fields.subject.name## Monetary policy
commercial banks
lending rate
interest rate pass-through
Central Bank key policy rate
Ukrainian Republic.
finance
 
##plugins.schemas.marc.fields.description.name## This study investigates the nature of the Ukraine interest rate pass-through from January 2000 to November 11, 2018-the post-1999 era. The empirical results reveal a relatively high short-run interest pass-through of 0.724100 and a marginally overshooting long-run interest rate pass-through of 1.054309. The bounds test results indicate a strong long-term relationship between countercyclical monetary policy and market rates. These empirical findings suggest that the National Bank of Ukraine has been very effective in formulating and implementing its countercyclical monetary policy, in spite of the pervasive corruption, formidable political and economic challenges faced by the Ukrainian Republic over this sample period, the results are quite surprising.
 
##plugins.schemas.marc.fields.publisher.name## Institute of Eastern Europe and Central Asia
 
##plugins.schemas.marc.fields.date.name## 2019-11-21
 
##plugins.schemas.marc.fields.type.name## info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Articles
test
 
##plugins.schemas.marc.fields.format.name## application/pdf
 
##plugins.schemas.marc.fields.identifier.name## http://ieeca.org/journal/index.php/JEECAR/article/view/309
10.15549/jeecar.v6i2.309
 
##plugins.schemas.marc.fields.source.name## Journal of Eastern European and Central Asian Research (JEECAR); Vol 6 No 2 (2019): Journal of Eastern European and Central Asian Research; 191 - 204
2328-8280
2328-8272
 
##plugins.schemas.marc.fields.language.name## eng
 
##plugins.schemas.marc.fields.relation.name## http://ieeca.org/journal/index.php/JEECAR/article/view/309/248