{"id":18704,"date":"2023-12-09T12:09:32","date_gmt":"2023-12-09T10:09:32","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=18704"},"modified":"2023-12-09T12:09:32","modified_gmt":"2023-12-09T10:09:32","slug":"the-effect-of-inflation-on","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/the-effect-of-inflation-on\/","title":{"rendered":"Bodnar O., Snidko Y. The Effect of Inflation on Lending during Martial Law"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: E31; E59; H56
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V41(2023)-01<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Bodnar Olena, <\/strong>PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-0152-4290<\/a>
\ne-mail: <\/strong>bodnaroa@mnau.edu.ua<\/a><\/p>\n

Snidko Yelyzaveta, <\/strong>applicant higher education, Mykolayiv National Agrarian University, Mykolaiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0009-0002-5300-4956<\/a>
\ne-mail: <\/strong>snidkolizon@gmail.com<\/a><\/p>\n

<\/h2>\n

The Effect of Inflation on Lending during Martial Law<\/strong><\/h2>\n

\u00a0\u00a0<\/strong><\/p>\n

Abstract. Introduction<\/strong>. The article examines the effect of inflation on the process of lending in times of martial law. It is noted that armed conflicts lead to a complex economic situation, which affects the level of inflation and the functioning of the banking system.<\/p>\n

Purpose.<\/strong> The main objective is to uncover the mechanisms of interaction between inflation and credit in the conditions of a military conflict. We aim to identify the main influences of these factors on the economy and provide recommendations for ensuring financial stability.<\/p>\n

R<\/strong>esults.<\/strong> The research confirms that a state of war significantly increases the risk of inflation, leading to an escalation in the cost of credit. The high level of prices makes it difficult for businesses and citizens to access credit. It is also found that currency depreciation worsens the ability to repay external loans.<\/p>\n

Conclusions.<\/strong> The article emphasizes the need for effective economic regulation during a state of war. In particular, it is crucial to develop policies aimed at reducing inflation and supporting financial stability, ensuring the availability of credit to support economic activity in crisis conditions.<\/p>\n

Keywords:<\/strong> inflation; lending; martial law; bank; interest rate; institution; borrower; creditor.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Veretiuk, S. M., Pilins’kyj, V. V. & Bohuslav. M. V. (2020). Infliatsiia znan’ v umovakh informatyzatsii ta sotsal’no-tekhnolohichnykh zmin. Elektrotekhnichni ta komp’iuterni systemy<\/em>, 55-65. [in Ukrainian].<\/li>\n
  2. Byvshev, R. O., Lystopadov A. O. (2019). Inflation and its impact on the economy of Ukraine. Herald of economic science of Ukraine<\/em>. \u00a0 3-7.\u00a0 Retrieved from: http:\/\/nbuv.gov.ua\/UJRN\/Venu_2019_2_3. [in Ukrainian]<\/li>\n
  3. Petryk, O. I., Dejsan, I. M. (2018). Infljacija ta infljacijni ochikuvannja v umovakh suttjevykh nevyznachenostej. Bulletin of the University of Banking.<\/em> 17\u201324. Retrieved from: http:\/\/nbuv.gov.ua\/UJRN\/VUbsNbU_2018_3_5. [in Ukrainian]<\/li>\n
  4. National Bank of Ukraine. (2023). The approaches to the application of influence measures to credit unions in the conditions of martial law have been changed<\/em>. Retrieved from: https:\/\/bank.gov.ua\/ua\/news\/all\/zmineno-pidhodi-zastosuvannya-zahodiv-vplivu-do-kreditnih-spilok-v-umovah-voyennogo-stanu. [in Ukrainian].<\/li>\n
  5. Aleksjejev, I. V. (2017). Ghroshi ta kredyt<\/em>. Vydavnyctvo Ljvivsjkoji politekhniky. [in Ukrainian].<\/li>\n
  6. Ghlushhenko, S. V. (2015). Ghroshi, kredyt, kredytnyj ryno<\/em> NaUKMA. [in Ukrainian].<\/li>\n
  7. Korecjka, N. I. (2014). Istorija ghroshej ta kredytu krajin svitu.<\/em> OLDI-PLJuS. [in Ukrainian].<\/li>\n
  8. Shhetynin, A. I. (2019). Ghroshi ta kredyt<\/em> : Universytet mytnoji spravy ta finansiv. [in Ukrainian].<\/li>\n
  9. Pukhovkina, M.F., Ostapyshyn, T.P. & Biloshapka, V.S. (2010). Centraljnyj bank ta ghroshovo-kredytna polityka: navchaljno-metodychnyj posibnyk<\/em>. KNEU. [in Ukrainian].<\/li>\n
  10. Danylyshyn, B. (2022). Inflation and monetary policy: problems of the weakness of the national monetary transmission. Ua<\/em>. Retrieved from: https:\/\/lb.ua\/blog\/bogdan_danylysyn\/538825_inflyatsiya_monetarna_politika.html. [in Ukrainian].<\/li>\n
  11. Kobecj I. (2022). Loans and mortgages during the war. Ekonomichna pravda.<\/em> . Retrieved from: https:\/\/www.epravda.com.ua\/columns\/2022\/07\/19\/689328\/ [in Ukrainian].<\/li>\n
  12. National Institute of Strategic Studies. (2023). Review of tools for supporting financial stability in the conditions of martial law in Ukraine (July 16 – August 15, 2023).<\/em> Retrieved from: https:\/\/niss.gov.ua\/news\/komentari-ekspertiv\/ohlyad-instrumentiv-pidtrymky-finansovoyi-stiykosti-v-umovakh-voyennoho-14. [in Ukrainian].<\/li>\n
  13. Myronchuk, V., Kirizleyeva, A., Saienko, V., Bodnar, O., & Muraviov, K. (2023). Problems and prospects of improving the banking system and its impact on the economy. Economic Affairs (New Delhi),<\/em> 68(1), 27-34. doi:10.46852\/0424-2513.1s.2023.4. Retrieved from: http:\/\/ndpublisher.in\/admin\/issues\/EAv68n1sd.pdf.<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received:<\/strong> 20 October 2023<\/p>\n

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    Bodnar O., Snidko Y. (2023). The Effect of Inflation on Lending during Martial Law. Modern Economics, 41(2023), 6-11. DOI: https:\/\/doi.org\/10.31521\/modecon.V41(2023)-01.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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    [vc_row][vc_column][vc_column_text] JEL Classification: E31; E59; H56 DOI: https:\/\/doi.org\/10.31521\/modecon.V41(2023)-01 [\/vc_column_text][vc_column_text]Bodnar Olena, PhD (Economics), Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine ORCID ID: 0000-0002-0152-4290 e-mail: bodnaroa@mnau.edu.ua Snidko Yelyzaveta, applicant higher education, Mykolayiv National Agrarian University, Mykolaiv, Ukraine ORCID ID: 0009-0002-5300-4956 e-mail: snidkolizon@gmail.com The Effect of Inflation on Lending
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