POLICY ON LONG-TERM REFINANCING OF COMMERCIAL BANKS
Анотація
Introduction. Safe functioning of the commercial banks (CB) is mainly impacted by the justified, effective and clear policy of the central banks on refinancing of the commercial banks. While current refinancing supports current liquidity of the commercial banks and their ability to meet the economic standards, the long-term refinancing supports the macroeconomic and financial stability in the country and the development of the instruments of the investment refinancing of the central bank, the increase of the volume of the loans provided by the CB to the real sector of the economy and its structural reconstruction, supports export oriented industries and small and medium business, cooperation with the governments on refinancing of the important investment projects, and the increase of the financial mediation institute effectiveness.
The purpose of the article is to determine the substance, types, factors and the features of the realization of the policy on long-term refinancing of the commercial banks by National Bank of Ukraine (NBU).
Results. The substance of the long-term refinancing policy of the commercial banks, its types, stages and problems of development as well as the potential ways of its optimal realization are highlighted.
Conclusions. The development of the justified policy on long-term refinancing of the commercial banks by NBU and ensuring of the effectiveness of its realization can be done by the optimal execution by the regulator of the role of the last instance creditor. Referring to the above the considered provisions and recommendations need in-depth research.
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DOI: https://doi.org/10.35774/sf2023.04.084
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West Ukrainian National University