Kostyuk O. Money-market liquidity management on the basis of design of demand on banking reserves.

The object of research: process of monetary market liquidity management. The goal of research: generalization and development of scientifically-methodical bases and recommendations on management of liquidity of the money-market on the basis of modelling demand for bank reserves. Methods of research and apparatus: analysis, synthesis, induction, calculation-analytical, economic-mathematical design, method of expert estimations, economic-statistical. Theoretical and practical results: are defined by improvement of methodical bases of management by liquidity of the money-market, development of the concept of reforming of the mechanism of balancing of a supply and demand of the monetary liquidity providing introduction of the complex approach to improvement of parameters of system of reserve requirements, and formation of bases of communication policy on the organization of operations of refinancing of commercial banks. The actuality of infiltrated: bases of communication policy and its procedural elements on the organization of operations in the open market are offered; approaches to forecasting dynamics of short-term rates of the money-market on the basis of model of the money-market are developed; approaches to forecasting demand for liquidity from commercial banks on the basis of the analysis of a daily reserve position of banks are proved. The level of instillation: developments are inculcated in practical activity of the JSPPB "AVAL", Sumy. Sphere of usage: economics.