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Copyright and Licensing


By submitting a paper for consideration, authors acknowledge the terms of the License Agreement and assign the National Bank of Ukraine the right to use and to publish this paper in the Visnyk of the National Bank of Ukraine. Ownership of the copyright to the articles remains with author. The author may distribute electronic copies of the Article (including in its final published Journal format with reference to it) on: the authors’ personal web resources (web sites, web pages, blogs, etc.); the web resources of their institution; noncommercial, open access web resources (multidisciplinare and subject repositories).

The payment of author’s royalties to the author(s) for the use of the work, in accordance with the License Agreement, is not provided for.

All published articles are licensed under Creative Commons Attribution 4.0 International License CC-BY-NC, which allows others to share the work if there is acknowledgement of the work's authorship and its initial publication in this journal.

License Agreement

This License Agreement (hereinafter the Agreement) is an agreement in accordance with Article 634 of the Civil Code of Ukraine. It is concluded between the author (co-authors) [hereinafter, the Authors] and the National Bank of Ukraine, represented by the Editor-in-Chief of the journal Visnyk of the National Bank of Ukraine or other authorized person (altogether, Parties).

1. The Scope of the Agreement

1.1. By submitting a paper to the Publisher, the Authors - individual(s) who have created the paper by themselves - unconditionally agree with the terms of this Agreement.

The Authors provide the Publisher with the non-exclusive right to use the work for an indefinite period free of charge, and the Publisher publishes the article in the journal Visnyk of the National Bank of Ukraine.

1.3. The Publisher acquires the right to use the work in the following ways:

1.3.1. Copying, reproduction and technological processing of the whole paper or any part of it with the help of the computer equipment of the National Bank of Ukraine by writing or rewriting in digital format.

1.3.2. Reviewing, editing, cutting, processing or modifying the text or images of the paper in hard or soft copies, or in any other media, in accordance with the approval of subediting by the author(s).

1.3.3. Translation of the whole paper or any part of it into English or another language.

1.3.4. Inclusion of the paper in a composite work.

1.3.5. Publication, edition, re-edition – issue, replication of the paper in the original language and translation, in any media (hard and (or) soft copies).

1.3.6. Distribution (publication) of the work in online and (or) paper editions of the National Bank of Ukraine, in any digital format on the web-site of the National Bank of Ukraine, on the internal portal of the National Bank of Ukraine, and on the web-site of the Vernadsky National Library of Ukraine.

1.3.7. Inclusion of the title of the articles and information about its Authors, references and other metadata in the databases and indexes.

1.3.8. Public use of the work or any part thereof during presentations, training, round table meetings, press clubs, press conferences referring to the title of the work and the edition in which the paper was published, and to the Authors.

1.3.9. Free distribution of electronic editions with the published (posted) paper through their publications, in an electronic form or in any other form, placement on the website of the National Bank of Ukraine, as well as their presentation, transfer with promotional purposes, etc.

1.4. The territory of use is unbound.

1.5. The maximum circulation in any media is unbound.

2. Liabilities of the Authors

2.1. The Authors’ liabilities when submitting the paper to the Publisher:

2.1.1. They own the copyright to the paper.

2.1.2. The work and all parts of the paper is the original work of the author, and it has neither been published nor been submitted for publication in any other journal.

2.2. The Authors guarantee the paper does not contain parts or fragments of other papers that are under the copyright of third parties, illegally, and all quotations from third-party papers are used with the appropriate references.

3. The Rights of the Parties

3.1. The Publisher has the right to:

3.1.1. Make and/or change the requirements for the submission and publication of papers in the Visnyk of the National Bank of Ukraine.

3.1.2. Use the paper at its discretion according to any means indicated within this Agreement.

3.2. The Authors have the right to:

3.2.1. Receive any reliable information from the Publisher that is necessary for the completion of the paper as a whole.

3.2.2. Receive reliable data on alterations and amendments to the paper from the Publisher, give written and oral consent to the Publisher to include them in the paper.

3.2.3. Lay claim to their authorship by specifying the appropriate name(s) of the Authors in the paper and its copies, and at any public use of the paper, if practicable.

3.2.4. Demand the exclusion of his (their) name(s) when the paper is used by the Publisher, having notified the Publisher in writing no later than the end of the period of preparation of the paper for use.

3.2.5. Demand indication of the pen name(s) instead of the real name(s) of the Authors in the paper and its copies.

3.2.6. Counteract any distortion, amendment, or change in the paper if these could compromise the honor and reputation of the Author (Co-authors).

3.2.7. Distribute electronic copies of the Article (including final published Journal format) on:
- Authors’ personal web-resources (web-sites, web-pages, blogs, etc.);
- Web-resources of the institutions where Authors worked when the research for the Article was carried out (web-sites, institutional repositories);
- Noncommercial, open access web-resources (multidisciplinare and subject repositories).
In all cases, the appropriative bibliographic citation and DOI are to be included.

4. Liabilities of the Parties

4.1. The Authors agree to:

4.1.1. Deliver to the Publisher a complete manuscript meeting the requirements for the submission of works that are placed on the Publisher web-site.

4.1.2. Not to publish the paper in other media (either printed or electronic) in Ukrainian or other languages or distribute it without the written permission of the Publisher.

4.2. The Publisher agrees to:

4.2.1. Provide the peer review of the paper, scientific, literary, stylistic and technical editing, production and (or) processing of the illustrative materials (pictures, figures, tables, charts, diagrams), the creation of the paper layout, and the reproduction and distribution of the paper in any media under the terms of this Agreement.

4.2.2. Agree amendments to the paper with the Authors orally or in writing.

4.2.3. Indicate the names or pen names of the Authors according to information provided by the Authors during the work’s submission, except as provided for in paragraph 3.2.4 of Section III of this Agreement, in the case of the publication, reproduction and circulation of the paper.

5. Responsibilities of the Parties

5.1. The Authors are responsible for the reliability of the facts set out in the work, quotations, calculations, conclusions, references, and (or) for the research motivation of the paper.

5.2. The Authors are responsible if third parties claim rights to the paper.

5.3. If the Author (Co-authors) when presenting the paper, concealed the fact of its publication in any other editions prior to submitting the paper for consideration by the Editorial Board of the journal Visnyk of the National Bank of Ukraine, then after confirmation of this fact, the paper is not subject to publication, and the Author (Co-authors) is (are) informed in writing about this, while the given and exclusive license expires.

6. Dispute Resolution Procedure

6.1. Any disputes arising under this Agreement are to be settled by negotiation.

6.2. If the dispute cannot be settled by negotiation, then it shall be settled by law in accordance with the legislation of Ukraine.

7. Other Terms and Conditions

7.1. If within three months of the acceptance of the paper by the Publisher the paper has not received positive reviews and recommendations for publishing, the Authors are informed of its rejection. The Publisher will not correspond with the Authors on the reasons for the rejection. The Publisher will no longer claim any rights to the paper, which then exclusively belong to the Authors.

7.2. The Agreement does not propose that any royalties be paid to the Authors.

7.3. The Authors agree that the right of the Publisher to use the paper free of charge cannot be considered an offence against the personal property and non-property rights of the Authors.

7.4. This Agreement is a LICENSE AGREEMENT whose terms are determined by the Publisher, and can be concluded with the other Party only via accession to the Agreement as a whole. The provision of the Publisher with a paper by the Authors is considered the granting of the consent of the Authors to conclude the Agreement under the agreed conditions.

7.5. This Agreement enters into force on the date that the Publisher is provided the work by the Authors.