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Monetary and currency policy

To be selected in this new educational program, this discipline has undergone significant changes comparing to the version that has been taught in our Institute for masters in public administration for years.

Now this discipline offers a generalized and critical view of the experienced tutor Dr. Viktor Kosenko on what the ‘design’ is & where the modern monetary and currency policies of the state are being transformed. These two types of economic policy are the key ones for a country to feel confident in turbulent macro environment, to obtain political and macroeconomic predictability. Moreover, every citizen of a country experiences some manifestations & consequences of these two policies every day: the currency exchange rate, the money supply in circulation, bank refinancing rates, currency conversion conditions, the balance of payments, the availability and price of money for credit, etc. Moreover, in our life is already beginning to use ‘digital money’ (CBDC) as a third form of money (in addition to cash and non-cash). This is an unconditional global trend, so these questions will be one of the main ones in this discipline.

The discipline offers not only an interesting & original specialist’s view on these and many other related issues, but also joint provocative discussions around these & related issues.

Volume of study load: 5 ECTS credits.

  •  to carry out adaptation & modification of existing scientific approaches and methods to specific situations of professional activity, in particular, on the basis of basic theoretical concepts, determine & be able to justify strategic directions of regulation
  •  to be able to justify own choice of options for management decisions in finance
  • to be able to apply innovative approaches in the field of finance, banking and insurance and to manage them, which involves the ability to generate new ideas, as well as to choose methods of adaptation & directions for the use of international standards and regulations in professional activities in order to improve the governmental policy of monetary direction
  • to expand skills for presenting results of own research.
  • Georgieva K. (2022). The Future of Money: Gearing up for Central Bank Digital Currency. URL: https://www.imf.org/en/News/Articles/2022/02/09/sp020922-the-future-of-money-gearing-up-for-central-bank-digital-currency
  • Ukraine’s profile by IMF. URL : https://www.imf.org/en/Countries/UKR
  • Pasichnyi M. (2019). Financial policy of the state: monograph. Kyiv, 440 p. (in Ukrainian)
  • Kosova T., Papaika O. et al. (2017). Central bank and monetary policy. Kyiv, 328 p. (in Ukrainian)
  • Kopylyuk O., Muzychka O. (2018). Banking operations: education. manual. Kyiv, 536 p. (in Ukrainian)
  • Prasad E. (2022). A new era for money. URL: https://www.imf.org/ru/Publications/fandd/issues/2022/09/A-new-era-for-money-Prasad (in Russian)
  • NBU (2021). The results of the survey on the possibility of introducing the e-hryvnia (the digital currency of the National Bank of Ukraine). Kyiv, 2021. 20 p. (in Ukrainian)
  • On banks and banking activities: Law of Ukraine dated December 7, 2000 No. 2121-ІІІ. (in Ukrainian)
  • About the National Bank of Ukraine: Law of Ukraine dated May 20, 1999 No. 679-XIV. (in Ukrainian)
  • Dzyublyuk (2016). Currency policy as a factor of macroeconomic stabilization. Finances of Ukraine. No. 11. P. 33-51. (in Ukrainian)
  • IMF World Economic Outlook Update. URL : https://www.imf.org/en/Publications/WEO/Issues/2023/01/31/world-economic-outlook-update-january-2023
  • Mazzucato M. The Value of Everything: Making and Taking in the Global Economy, New York: PublicAffairs, 2018, 384 c.
  • Blinder A. (2022). A Monetary and Fiscal History of the United States, 1961–2021. Princeton university press. 432 c.
  • Ha-Joon Chang (2010). 23 Things They Don’t Tell You About Capitalism (Penguin Books Ltd; 2010). ISBN 978-1-60819-166-6
  • Ha-Joon Chang (2014). Economics: The User’s Guide (Pelican Books; 2014). ISBN 978-0718197032
  • Ha-Joon Chang (2022). Edible Economics – A Hungry Economist Explains the World (Pelican Books; 2022). ISBN 9780241534649

Tutor

Victor Kosenko

PhD in public administration, associate professor

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