In times of crisis arises

This is due to the need? The fact that self-regulation through the market mechanism in such circumstances simply does not work. A similar situation exists today in the global economy, with virtually every single banking system is suffering from financial crisis. In particular, in our country, its outcome was a currency crisis, and government agencies have already taken steps to address this phenomenon. The National Security and Defense October 20, 2008 decided on urgent measures to strengthen fiscal discipline and minimize the negative impact of the global financial crisis on the economy of Ukraine. NBU Board October 11, 2008 adopted the Resolution № 319 "About additional measures concerning the activities of banks," according to a moratorium on early withdrawal of deposits. November 5 NBU adopted a resolution number 353, that toughened the rules for foreign exchange transactions. The Verkhovna Rada of Ukraine adopted the Law of the anti-crisis "On urgent measures to prevent the negative effects of the financial crisis and on amendments to some legislative acts of Ukraine". The document in particular provides for the establishment of a stabilization fund and increase the size of the Deposit Guarantee and 150 thousand hryvnia, and the participation of the state represented by the Ministry of Finance in the formation and / or increase the authorized capital of banks by purchasing shares of a bank or a primary issue additional shares of banks in exchange for public Ukraine Bonds and / or acquisition of such shares for state budget. The speaker noted that similar measures are being taken in other countries affected by financial instability. Leaders of the Group of Seven advanced economies (G-7), 15 countries - members of the euro zone, the International Monetary and Financial Committee (IMFC), representing 185 countries, the Group of 20, which includes both economically developed and developing countries, issued a statement the need for coordinated action by the world community. Category: Liquidity of the banking system of Ukraine | Tags: crisis