LEGAL SUPPORT OF IMPLEMENTATION OF THE MONETARY POLICY OF THE STATE: PECULIARITIES OF IMPLEMENTATION OF THE PRINCIPLE OF EQUITY
DOI:
https://doi.org/10.15407/econlaw.2017.02.109Keywords:
monetary policy, National Bank of Ukraine, legitimacy, equity principle, trust, sustainable developmentAbstract
The legal support for the implementation of the monetary and credit policy of the state and the criteria for its legitimacy are analyzed in article. It is determined that in order to ensure the legitimacy of the National Bank of Ukraine’s activity in modern conditions, in particular when implementing monetary policy, the state regulator needs to follow the principle of fairness. In this regard, it is advisable to clearly define the objectives of the National Bank of Ukraine and to strengthen legal responsibility; Transparency of the activities of the National Bank of Ukraine and ensuring public control over it. The necessity of holding a referendum is argued in the event that this or that decision of the state authority, in particular the National Bank of Ukraine, threatens to exceed the corresponding limit values.
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