ОСОБЛИВОСТІ РЕГУЛЮВАННЯ БАНКІВСЬКОЇ ЛІКВІДНОСТІ НА МАКРО- І МІКРОРІВНІ.

The study object are the processes of banks liquidity regulation. The banking system liquidity determines both the level of efficiency of banks and their ability to meet their liabilities. Today, ensuring the banks liquidity is one of the key problems in the Ukrainian banking system functioning. Banking system liquidity regulation is one of the three areas of monetary regulation, so the study of theoretical and practical features of banking liquidity regulation at the macro and micro levels is relevant today. In the course of the research the dynamics of the liquidity level was analyzed both for the banking system of Ukraine and for an individual bank (JSC “BANK FORWARD”) on the basis of various indicators used by the National Bank of Ukraine. Excess liquidity and the need to reduce it were identified. The lists of liquidity reduction measures that can be applied at the macro and micro levels are proposed. Improving the banking system liquidity regulation should be in accordance with the requirements of the new monetary policy regime — in accordance with the requirements and conditions of inflation targeting. Schematically, the approach to optimizing the regulation of banking system liquidity can be represented in two stages. In the first stage, there should be a transition from the dominant use of permanent access operations, which is taking place today, to discretionary monetary policy, which provides for stimulating lending to the economy and maintaining liquidity at an optimal level. In the second stage, the basic goal is to stabilize inflation in line with the target and promote sustainable economic growth. The study also states that in order to regulate the banking system liquidity during different phases of the financial cycle, it is advisable to use different tools and provides a list of actual instruments. If the threats of the bank liquidity regulation cone real, it is advisable to focus on micro-level measures, encouraging banks to independently balance their level of liquidity. [ABSTRACT FROM AUTHOR]