National Bank of Ukraine

Second Annual Conference for Students and Young Researchers Took Place on 2 November 2018
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8 November 2018

Press Release


The second scientific conference for students and young researchers Banking Sector and Monetary Policy: Future Prospects, organized by the National Bank of Ukraine and Kyiv School of Economics, took place on 2 November 2018.


Students and young researchers from educational establishments and other institutions from Kyiv, Kharkiv, Lviv, Odesa, Mykolaiv, Zhytomyr, Chernivtsi, Zaporizhzhia, and Brest (the Republic of Belarus) submitted 24 research papers for participation in the conference.  Authors of nine papers were invited to present their research into relevant economic, financial, and social aspects of society development.


Oleksandr Sukhomlyn (GR Capital) won the first prize among young researchers with his paper "Asymmetric Information in the Ukrainian Banking System: Evidence From Independent Auditor Reports." In the paper, the author analyses the content of reports by independent auditors about Ukrainian banking and how asymmetric information may possibly impact banks’ profits.  According to the research results, negative reports from independent auditors improve banks’ key financial indicators in the following reporting period, while readability of audit reports, in its turn, has no impact on banks’ indicators.


The first prize among students was awarded to Anastasiia Antonova (Kyiv School of Economics) for her research "Macroeconomic Effects of Minimum Wage Increase in the Economy With Wage Underreporting." The research is aimed at studying the effect of a minimum wage increase on key macroeconomic indicators based on a Dynamic Stochastic General Equilibrium Model.  The results of the simulated model, which was estimated and calibrated to account for Ukrainian conditions, indicate that inflationary effects of a minimum wage shock weaken considerably when the level of the official income before tax is underreported.


The second prize among young researchers and students was shared between Ivan Titar (NASU Institute for Economics and Forecasting) for his paper "What the Population of Ukraine Knows About the Current Situation in the Economy: Awareness About the Exchange Rate, Average Wages, Rates of Inflation and Unemployment" and Olena Movchun (Kyiv School of Economics) for her paper "Exchange Rate Pass-Through on Inflation: Meta-Analysis."​


The NBU and Kyiv School of Economics initiated the establishment of this creative platform in 2017 so that young researchers and students can get together and communicate.  The student conference gives an opportunity to those willing to present their research papers in economics and finances as well as improve their practical skills in modelling macroeconomic forecasts.










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