Grebenyk N. Monetary-credit policy: methods and instruments of its realization

The dissertation researches methodological and methodical problems of development and realization of the monetary-credit policy. The methods and instruments of its practical introduction are grounded, some prognostic calculations of money aggregates and monetary coefficients are made. On the basis of research of the tendencies of development of monetary-credit policy in 1992-2000, the role and tasks of the National bank of Ukraine in formation and realization of strategy and tactics of the monetary policy the concrete recommendations and offers are made. The author clarifies the concept "monetary-credit policy", analyses the methods and instruments of its realization. The methodical recommendations, concerning the usage of the deposit certificates of the National bank of Ukraine as the instrument of monetary-credit policy, are developed. The technique of calculation of discount rate of the central bank is proposed. Also some new approaches concerning the usage of bills in commercial banks refinancinga re offered. All these researches and recommendations will be very helpful in solving the problems of monetary market balancing, stabilization of the national monetary unit, establishment of the effective control of activity of commercial banks in the monetary-credit market and strengthening of financial-credit system of the country. Key words: monetary-credit policy, money market, bill, deposit certificate, discount rate, refinancing, lombard credit, stabilization credit.