European Cooperation (May 2015)

ASSESSMENT OF THE INFLUENCE CRISIS OF 2008-2009 ON THE BANKING SYSTEM OF UKRAINE

  • Galina Azarenkova,
  • Yevgenia Olefir

Journal volume & issue
Vol. 1, no. 1
pp. 36 – 43

Abstract

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Abstract. In the article analyzes the market environment of banks in Ukraine. Basic indicators (parameters) of the banking system as a whole and in the context of bank groups. The problems of the domestic banking system in the pre-crisis period, crisis and post-crisis periods disclosed shortcomings of economic policy, which was conducted by the authorities and its negative consequences for the economy as a whole. Determined several options to reform the banking system: 1) allow troubled banks to fail, leaving the strong players in the market, 2) temporarily nationalize failing banks in order to preserve the number of banks to maintain competition between them and to prevent monopolization of the market. It was found that during the 2014-2015 crisis is even worse for the consequences than the crisis of 2008-2009.

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