Comments on: Ukraine Wobbles As The Financial Ground Beneath It Trembles http://fistfulofeuros.net/afoe/ukraine-wobbles-as-the-financial-ground-beneath-it-melts/ European Opinion Mon, 13 Feb 2012 07:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Global Voices in Italiano » La crisi finanziaria in Europa centro-orientale http://fistfulofeuros.net/afoe/ukraine-wobbles-as-the-financial-ground-beneath-it-melts/comment-page-1/#comment-22558 Global Voices in Italiano » La crisi finanziaria in Europa centro-orientale Mon, 27 Oct 2008 04:06:43 +0000 http://fistfulofeuros.net/?p=3708#comment-22558 [...] già sottolineato da Edward Hugh in una precedente, approfondita analisi [in] della situazione socio-politica ed economica del Paese, in questo momento l'Ucraina non è [...] [...] già sottolineato da Edward Hugh in una precedente, approfondita analisi [in] della situazione socio-politica ed economica del Paese, in questo momento l'Ucraina non è [...]

]]> By: Ukraine: when politics, economics and sports converge « The 8th Circle http://fistfulofeuros.net/afoe/ukraine-wobbles-as-the-financial-ground-beneath-it-melts/comment-page-1/#comment-22477 Ukraine: when politics, economics and sports converge « The 8th Circle Fri, 17 Oct 2008 17:37:10 +0000 http://fistfulofeuros.net/?p=3708#comment-22477 [...] billion credit to help Ukraine stabilize its financial system.  See Edward Hugh’s excellent in-depth analysis of the crisis at [...] [...] billion credit to help Ukraine stabilize its financial system.  See Edward Hugh’s excellent in-depth analysis of the crisis at [...]

]]> By: Global Voices Online » Central & Eastern Europe: Financial Crisis http://fistfulofeuros.net/afoe/ukraine-wobbles-as-the-financial-ground-beneath-it-melts/comment-page-1/#comment-22461 Global Voices Online » Central & Eastern Europe: Financial Crisis Thu, 16 Oct 2008 23:33:27 +0000 http://fistfulofeuros.net/?p=3708#comment-22461 [...] Edward Hugh pointed out in his earlier in-depth review of the political, social and economic situation in the country, Ukraine “is far from being [...] [...] Edward Hugh pointed out in his earlier in-depth review of the political, social and economic situation in the country, Ukraine “is far from being [...]

]]> By: Ukraine Joins The Swooning Bout And Heads For The IMF | afoe | A Fistful of Euros | European Opinion http://fistfulofeuros.net/afoe/ukraine-wobbles-as-the-financial-ground-beneath-it-melts/comment-page-1/#comment-22442 Ukraine Joins The Swooning Bout And Heads For The IMF | afoe | A Fistful of Euros | European Opinion Tue, 14 Oct 2008 20:30:59 +0000 http://fistfulofeuros.net/?p=3708#comment-22442 [...] All the relevant background and analysis to this situation can be found in this post which I put up on Sunday. [...] [...] All the relevant background and analysis to this situation can be found in this post which I put up on Sunday. [...]

]]> By: Denis E http://fistfulofeuros.net/afoe/ukraine-wobbles-as-the-financial-ground-beneath-it-melts/comment-page-1/#comment-22416 Denis E Sun, 12 Oct 2008 16:08:08 +0000 http://fistfulofeuros.net/?p=3708#comment-22416 A great article with lots of terrific insights. Aside from much-discussed population drain and the consequent upward pressure on wages, the author mentioned in passing the misguided policies of Ukrainian central bank. That problems seemes to be yet another overlooked structural flaw in the Ukrainian economy (or rather the thinking of the people, who are supposed to regulate it). To accommodate export industries (that are deemed to be the vitally important driver of the overall economy), the Central Bank retains the pegged currency to keep exchange rates artificially low, hence making the Ukrainian steel and foodstuffs more competitive. Since the policy-makers stuck to pegging during the period of high commodity prices, one can expect the policy to continue as a means of alleviating the current duress of steelmakers. The resulting inflation seems to be of little or no concern at all... A great article with lots of terrific insights. Aside from much-discussed population drain and the consequent upward pressure on wages, the author mentioned in passing the misguided policies of Ukrainian central bank. That problems seemes to be yet another overlooked structural flaw in the Ukrainian economy (or rather the thinking of the people, who are supposed to regulate it).

To accommodate export industries (that are deemed to be the vitally important driver of the overall economy), the Central Bank retains the pegged currency to keep exchange rates artificially low, hence making the Ukrainian steel and foodstuffs more competitive. Since the policy-makers stuck to pegging during the period of high commodity prices, one can expect the policy to continue as a means of alleviating the current duress of steelmakers. The resulting inflation seems to be of little or no concern at all…

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