MARKET OF FINANCIAL SERVICES

SHELUDKO Natalia ¹, ANUFRIYEVA Kateryna ²

¹Institute for Economics and Forecasting of NAS of Ukraine
OrcID ID : https://orcid.org/0000-0001-6936-3158
²SE “Institute for Economics and Forecasting of NAS of Ukraine”

The external debt model of development of banking sector in Ukraine: the summary of crisis transformations

The emphasis is made on intensification of contradictions between banks function as a productive force of society and their destructive influence on the development of small open economies, particularly on Ukrainian economy, through the channel of external loans from 2006 to the first half of2008. The macroeconomic outcomes of accumulation ofprovided credits by domestic banks through external resources are assessed. The features of legal environment on regulation of external loans of banks are analysed. The authors present the reasons of suggestions to manage external debt at the macro and micro levels to achieve positive effects and minimize the risks.

Keywords:external debt, banks, risks, financial markets, Eurobond loans, credits, consumer imports, restructuring.

JEL: E58, F34, F55, G11, G15, G18.

SHELUDKO N. . The external debt model of development of banking sector in Ukraine: the summary of crisis transformations / N. . SHELUDKO, K. . ANUFRIYEVA // Фінанси України. - 2013. - № 10. - C. 41-64.