UDC 336 CSCSTI 05.11 CSCSTI 06.51 CSCSTI 10.01 CSCSTI 11.01 CSCSTI 11.25 CSCSTI 78.01 CSCSTI 81.92 CSCSTI 81.93 CSCSTI 82.01 CSCSTI 82.33 CSCSTI 11.15

DETECTING LEAKAGE CHANNELS OF MONETARY STIMULATION AIMED AT INVESTMENT GROWTH TO THE NON-PRODUCTIVE SPHERES (CASE OF UKRAINE)

Published in National Security and Strategic Planning · Volume 2014, Issue 3 · Pages 21–25 · Rubric: Economic security
Received: 11.09.2014 Accepted: 29.11.2025 Language of publication: RUS
Authors
The paper analyzes the main problems that impede the development of investment in Ukraine, lays out the ways of enhancing investment activity by the state through financial sector, in particular through state-owned banks and monetary stimulus. Possible leakage channels of newly issued money through central bank refinancing and quantitative easing by central bank in unproductive operations are empirically tested. Ways to limit those channels are proposed.
investment, monetary stimulation, money issuance, refinancing
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