The Fifth Research Conference for Students and Young Researchers Banking Sector and Monetary Policy: Development Prospects, hosted by the NBU and the Kyiv School of Economics, took place on 21 May 2021.
The conference was attended by students and young researchers from different cities and universities of Ukraine. The eight shortlisted research papers were presented during the final round of the event.
These presentations covered the following topics:
- How monetary policy transmission through the credit channel works in Ukraine
- Drivers of demand for cash in Ukraine
- Methods used to identify a bank’s defaulting customer
- How labor migrant remittances affect Ukraine’s macroeconomic performance
- Macroprudential policy and a shadow nonbank market
- Using machine-learning methods to identify insurer business models
- How various levels of confidence in a central bank affect monetary transmission
- The relationship between monetary policy, financial literacy, and socioeconomic development of a country
Yulian Borsuk (Kyiv School of Economics), author of Effectiveness of Monetary Policy in Ukraine: Shedding Light on the Credit Channel, placed first. His study looks into the performance of monetary policy in Ukraine and the impact of the key policy rate on inflation through interest rates on bank loans.
According to the study’s findings, key policy rate hikes by the NBU entice banks to reduce lending to risky borrowers and get rid of liquid assets. The paper also estimates that 15% of the variation in GDP and inflation over a two-year period is due to monetary policy.
Nataliia Horoshko (The National University of Ostroh Academy), who wrote Identifying a Bank’s Defaulting Client through Mathematical Modeling, and Vladyslav Honcharenko (Kyiv School of Economics), author of Surge in Cash Demand During the COVID-19 Pandemic, both placed second.
The papers presented at the conference were reviewed by a panel of experts. The winners received valuable prizes from the NBU and the Kyiv School of Economics.