ВПЛИВ МОНЕТАРНОЇ ПОЛІТИКИ НА ФОРМУВАННЯ МОНЕТАРНОЇ БЕЗПЕКИ ДЕРЖАВИ

Abstract

Monetary policy is an important tool for ensuring economic and financial security of the state and has a strong influence on the national economic processes, which necessitates its study in the context of security. The development and implementation of effective monetary policy is an effective means of regulating the sphere of money circulation and credit relations, stabilization of the national currency to curb inflation, balancing the balance of payments and stabilization economic growth. Effective monetary policy minimizes and counteracts monetary threats, which allows to ensure a sufficient level of monetary security of Ukraine as a component of financial security. The aim of the article is to investigate the current impact of the NBU's monetary policy on the formation of monetary security of the state, given that the economic crises in Ukraine were of financial origin and monetary nature. The authors investigated that the achievement and provision of monetary security in the country depends on monetary policy. At the same time, the financial and monetary spheres are constantly generating challenges and threats that can turn into risks to the monetary security of the state. Therefore, it is important to study the sequence of measures to increase the effectiveness of the NBU's monetary policy and its impact on the monetary security of the state, in order to counter monetary risks and threats. In the article the authors presented the scheme of sequence of monetary policy formation in the context of monetary security, through a set of actions to identify monetary risks and threats, diagnose the level of monetary security and ensure the optimal level of monetary security. The main monetary measures to strengthen monetary security should be to strengthen coordination between fiscal and monetary policy; adherence to tight monetary policy in crisis conditions; increasing trust to the banking system. The authors concluded that there is a close relationship between the implementation of monetary policy and monetary security of the state. Only a clear, consistent and effective monetary policy can minimize monetary risks and threats, which in turn provides a sufficient level of monetary security