The Viability of Asset Price Channel Implementation to the Monetary Transmission Mechanism of Ukraine

Serhiy Kozmenko and Oleksiy Plastun (2016). The Viability of Asset Price Channel Implementation to the Monetary Transmission Mechanism of Ukraine. Investment Management and Financial Innovations, 13(4). doi:10.21511/imfi.13(4).2016.05

11 Pages Posted: 15 Jun 2017

See all articles by Oleksiy Plastun

Oleksiy Plastun

Sumy State University

Serhiy Kozmenko

LLC "CPC "Business Perspectives"

Date Written: December 1, 2016

Abstract

Monetary transmission mechanism is a key element of the central bank’s activity, where the asset price channel plays an important role among others. Although in Ukraine it is not used. The viability analysis of this channel implementation in the monetary transmission mechanism of Ukraine is executed and the finding about current unavailability for this is made. However, the perspectivity and necessity of asset price channel implementation in the monetary transmission of Ukraine already today requires the creation of theoretic base appropriate for this. Therefore some propositions on the assets price channel implementation in the monetary transmission mechanism of Ukraine are offered.

Keywords: Central Bank, the asset price channel, monetary transmission mechanism, monetary policy, Tobin’s q effect

JEL Classification: 52, 58

Suggested Citation

Plastun, Oleksiy and Kozmenko, Serhiy, The Viability of Asset Price Channel Implementation to the Monetary Transmission Mechanism of Ukraine (December 1, 2016). Serhiy Kozmenko and Oleksiy Plastun (2016). The Viability of Asset Price Channel Implementation to the Monetary Transmission Mechanism of Ukraine. Investment Management and Financial Innovations, 13(4). doi:10.21511/imfi.13(4).2016.05, Available at SSRN: https://ssrn.com/abstract=2986360

Oleksiy Plastun (Contact Author)

Sumy State University ( email )

Rymskyi-Korsakov str., 2
Sumy, 40000
Ukraine

Serhiy Kozmenko

LLC "CPC "Business Perspectives" ( email )

10 H. Skovoroda lane
Sumy, 40022
Ukraine

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