Integrated Assessment of Ukraine Monetary Security Level

(Pages 259-266)

Galуna Myskiv1,*, Mariia Kuchma2, Mykhailo Goncharenko3, Mykhailo Kuzheliev4 and Vladyslav Pryimuk5
1Department of Marketing and Logistics Lviv Polytechnic National University, 79000, 12 Stepana Bandery Str., Lviv, Ukraine.
2Department of Mathematics Lviv Polytechnic National University, 79000, 12 Stepana Bandery Str., Lviv, Ukraine.
3Department of Management Interregional Academy of Personnel Management, 03039, 2 Frometivska Str., Kyiv, Ukraine.
4Department of Finance Faculty of Economic Sciences, National University of “Kyiv-Mohyla Academy” 04070, 2 Hryhoriia Skovorody Str., Kyiv, Ukraine.
5Department of Public Finance Faculty of Finance and Digital Technologies, State Tax University, 08205, 31 University Str., Irpin, Ukraine


In the article, the authors made an integrated assessment of monetary security level by calculating the impacts of the monetary system set of indicators and Ukraine’s monetary policy. To build an integrated indicator for assessing the level of monetary security, the authors identified 14 main monetary indicators which were divided into stimulants and where stimulants. For each indicator, the authors calculated the level of impact on monetary security. To calculate the integrated level of monetary security assessment, the authors used two methods: with the establishment of weights for each of the output indicators and without it. In this case, the possible values of the integrated indicator of monetary security Wi belong to the segment [0; 1], and its unit and zero values correspond to the best and worst value of the monetary security indicator. With the dignity of the two approaches, calculated indicators of monetary security of Ukraine reached the minimum value in 2015. A similar trend was also characterized regarding to monetary security highest level, observed in 2013. At the beginning of 2020, the level of monetary security was set at 0.558 (0.531). Slight deviations between the calculated integrated indicators of the level of monetary security indicate the accuracy of the calculations of both the first and the second approach. Both approaches can be used in practice by regulators and government agencies. According to the results of the study, we conclude that the integrated indicator of the level of Ukraine’s monetary security in 2020 is within satisfactory limits, due to the objective current trends of the national economy.


Monetary sphere, Level of monetary security, Calculation, Integral assessment, Policy indicators.

How to Cite:

Galуna Myskiv, Mariia Kuchma, Mykhailo Goncharenko, Mykhailo Kuzheliev and Vladyslav Pryimuk. Integrated Assessment of Ukraine Monetary Security Level. [ref]: vol.21.2023. available at:

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