CHALLENGES OF INFLATION TARGETING IN UKRAINE: ESTABLISHING THE MEGA–REGULATOR

Abstract

The aim of this paper is to reveal the relationship between monetary policy and financial security and to show the possible influence on this relationship of establishing the mega–regulator in Ukraine. It has also been considered of mega–regulators’ functionary in the countries with Inflation Targeting regimes (hereinafter – IT) in order to compare it with national monetary policy and to investigate the challenges for central bank while conducting IT regime as a macro prudential institution.

Keywords

• mega–regulator
• central bank
• inflation targeting
• financial security