Kvazifiskal'ni operatsiyi tsentral'noho banku: sutnist', vydy ta naslidky zastosuvannya

The essence of central bank' quasi-fiscal operations is researched. It is determined that central bank has dominant character during realization of quasi-fiscal operations because of its decisive role in supporting macroeconomic stability and substantial possibilities to accumulate profit. Their consequences on economic development are concretized and systematized in the context of its macroeconomic and financial influence. Key types of quasi-fiscal operations are investigated. They are divided into two groups: operations in financial sphere and operations in sphere of exchange control. Operations in sphere of exchange control are divided into those, which are connected with system of multiply exchange rates, and those, which arise as a result of taking risk of change in exchange rate by central bank. Quasi-fiscal activity experience of the National Bank of Ukraine is examined with providing characteristics and features of specific quasi-fiscal operation.