The National Bank of Ukraine has published the current issue of peer-reviewed academic journal Visnyk of the National Bank of Ukraine. This issue covers the following topics:
Determinants of Corporate Loan Interest Rate: Case of Ukraine
Solomiia Shpak studies pricing on the corporate lending market based on monthly panel data with detailed specifications of loans, borrowers, and creditors covering 2013 – 2020. Based on the findings of the panel regression fixed effects, the author draws a conclusion that when studying the impact of the financial standing of banks on the level of lending rates, consideration of lending terms and conditions and borrower’s features is crucial.
In her article, Nadia Shapovalenko suggests application of Bayesian Vector Autoregression (BVAR) for forecasting inflation and GDP in Ukraine. The study considers forecasting features of the suggested model and compares accuracy of BVAR forecasts with the findings of the Quarterly projection model (QPM) and the NBU’s official forecast. The study defines forecast horizons, where BVAR demonstrates higher quality forecasts of inflation and GDP in contrast to models already applied by the NBU.
Vladyslav Filatov improves the calculation methodology of the Financial Stress Index (FSI) in Ukraine and demonstrates benefits of the new index in contrast with previous approaches. Over-the-time trends of FSI are consistent with consensus conclusions of financial experts, hence this index may be a convenient instrument for monitoring macroprudential policy.
Please be reminded, Visnyk NBU is indexed by IDEAS/RePEc, Index Copernicus International, DOAJ, and ERIH Plus. Since September 2015, Visnyk NBU is released for public access. Since 2019, Visnyk has a designated website. The original language is English. Ukrainian translation will be added after the Visnyk website update.
The judgements and ideas presented in Visnyl articles are those of the authors and do not necessarily reflect the views of the editorial board or the official position of the NBU.
The editorial board invites researchers, experts, financial analysts and representatives of the banking academic community to join research within the scope of the journal and send research materials for review and publication to email: [email protected]. Authors can publish their articles free-of-charge, the NBU is responsible for translation and editing.
For more information on requirements to articles please go to.