Archive 2009

• 10.12.2009

  Prospects for Ukraine’s steam coal industry - high time for reform

  (Code:PP_09_2009)

  Steam coal has always been a central pillar of Ukraine’s energy mix. In the light of the recent gas crises, the importance of steam coal for national energy security has increased even further. However, the steam coal sector so far operates predominantly under direct state control in a planned economy environment.

  Authors:  Naumenko Dmytro, Handrich Lars, Pavel Ferdinand
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Infrastructure, Real sector
• 25.11.2009

  Official Reserve Adequacy in Ukraine: Assessment and Policy Implications

  (Code:PP_08_2009)

  At normal times, many people wonder why central banks, especially in emerging markets, keep vast amounts of official reserves, and they accordingly emphasize the (opportunity) costs of such holdings. However, in times of a financial crisis, the benefits of holding official reserves become evident. Reserves help to absorb external shocks, making the likelihood and the negative consequences of such shocks smaller.

  Authors:  Movchan Veronika, Кірхнер Роберт, Джуччі Рікардо
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Macroeconomics, Monetary policy and financial markets
• 12.11.2009

  Exporting electricity to the EU - more than switching frequencies

  (Code:PP_07_2009)

  The Ukrainian electricity sector features remarkably high nominal reserve margins. Its electricity generation capacities exceed the peak load by more than 40%. The crisis driven dip in electricity demand is further deteriorating the load factors of the Ukrainian power plant fleet.

  Authors:  Naumenko Dmytro, Захманн Георг
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Infrastructure, Real sector
• 10.11.2009

  Social Protection of the Population by Regulation of Food Prices and Trade Margins – Does the Law No. 1447-VI Achieve its Objectives?

  (Code:AgPP 28)

  The Ukrainian Government and Parliament are trying to limit the negative consequences of the financial crisis on the Ukrainian population by various policies and legal initiatives.

  Authors:  Kandul Serhiy, Strubenhoff Heinz-Wilhelm, Ярошевська Юстина, Ребок В.
  Tags:  Agricultural dialogue, Center of economic research
  Research spheres:  Infrastructure
• 09.11.2009

  Financial Crisis and Ukrainian Agriculture: Impact and Response

  (Code:AgPP 27)

  Prior to the financial crisis, agriculture started with a record crop year in 2008: more than 53 mln tons of grains were harvested in Ukraine.

  Authors:  Kandul Serhiy
  Tags:  Agricultural dialogue, Center of economic research
  Research spheres:  Infrastructure
• 04.11.2009

  Current issues of monetary policy in Ukraine

  (Code:PP_06_2009)

  Monetary policy is currently a hotly debated and highly politicised issue in Ukraine. In order to structure the debate, it is necessary to distinguish three fields: the stance, the instruments and the use of instruments of monetary policy.

  Authors:  Kravchuk Vitaliy, Кірхнер Роберт, Джуччі Рікардо
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Monetary policy and financial markets
• 07.10.2009

  Administrative measures to support the hryvnia: An appropriate instrument of exchange rate policy?

  (Code:PP_05_2009)

  Over the recent past, the National Bank of Ukraine (NBU) has implemented a number of administrative measures in an attempt to regulate the foreign exchange market. It seems the authorities wanted to pursue several goals at the same time, like closing loopholes for currency speculation and decreasing the level of dollarisation. The underlying motive for these measures, however, seems to be an attempt to support the exchange rate of the hryvnia.

  Authors:  Kravchuk Vitaliy, Кірхнер Роберт, Джуччі Рікардо
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  International economics, Monetary policy and financial markets
• 22.07.2009

  The gas challenge: On securing natural gas transits and stabilising the domestic market in Ukraine

  (Code:PP_04_2009)

  The Ukrainian-Russian gas crises in January 2009 demonstrated an urgent need to secure gas transits through Ukraine. Although both parties eventually signed agreements that regulate Ukrainian gas import as well as transit of Russian gas through Ukraine, the underlying conflict is far from being resolved. Most importantly, the difficult technical state of Ukraine’s Gas Transit System (GTS) and the urgent need for investments impose severe risks as they endanger the reliability of the system and thus, of gas transits through Ukraine.

  Authors:  Naumenko Dmytro, Pavel Ferdinand
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Infrastructure, International economics, Real sector
• 14.07.2009

  Only the fast privatization of Ukrtelecom will secure the further development of the telecommunication sector in Ukraine

  (Code:PP_03_2009)

  The government of Ukraine announced its intention to privatize the incumbent fixed-line telecommunication operator Ukrtelecom. Ukraine’s government needs to achieve high revenues from privatization in order to fund the government budget and to increase the political acceptability of privatization.

  Authors:  Handrich Lars
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Infrastructure, Corporate management, Fiscal and Social Policy
• 08.07.2009

  How to develop a public debt market for retail investors?

  (Code:PP_02_2009)

  While the major share of public debt by most states around the world is owed to institutional investors in the form of wholesale bonds, instruments specifically targeted at retail investors are gaining importance. Indeed, such retail bonds face some very positive features.

  Authors:  Сайрус де ла Рубіа, Кірхнер Роберт, Джуччі Рікардо
  Tags:  Center of economic research, German Advisory Group
  Research spheres:  Macroeconomics, Fiscal and Social Policy