Blogs

Юрій Полунєєв

CIA data confirms Ukraine’s central bank was the worst in controlling inflation…

The main conclusion I deliberated upon in my previous post “How central bank policies undermine a troubled currency and exacerbate recession: the case of Ukraine” (https://lnkd.in/dm7wUTQ) that sometimes central banks do worse than better to macroeconomic stability of a given country is now indirectly confirmed by the recently published CIA World Factbook data on inflation […]

Юрій Полунєєв

How central bank’s policies undermine a troubled currency and exacerbate recession: the case of Ukraine

This is a short version of the article published by the journal Studies in Applied Economics of Johns Hopkins University’s Institute for Applied Economics, Global Health, and the Study of Business Enterprise. Please read the full text here: http://krieger.jhu.edu/iae/economics/index.html. There has been an ongoing academic and public debate as to whether central banks in developing countries with weak […]

Юрій Полунєєв

Ukraine Debt Restructuring: Its Strategy Should Be Different.

Ukraine’s official debt restructuring strategy looks like arm-twisting: either the  creditors accept the haircut and other terms, say the officials, or the country defaults. No other options are on the table. The IMF-led bailout is conditional upon the success of a debt deal that must be reached in less than 20 days now. In addition […]

Юрій Полунєєв

Ukraine: Ten Shocks

The unprecedented economic challenges Ukraine encountered in 2014 pose severe survival risks not only for the country itself, but also for its supporters, for whom the situation has farreaching economic and financial implications. Moreover, the present condition also carries risks for further instability in Russia: a major nuclear state and global energy supplier. It is […]