In our opinion, to characterize the state of the money market should be clearly
understand that regardless of the financial crisis of the National Bank
liquidity to banks does not automatically fill all cash
channels, the restoration of the interbank market and ensure
intensive lending. The main objective of refinancing is
to regulate the money supply and ensure the stability of the banking
system and restore lending to the economy depends on the state of the
economy, the nature and intensity of market relations. In some
cases in order to intensify the credit economy governments can
provide guarantees on interbank loans. But such assurances
granted only in exceptional cases and for a period greater than three months
[The liquidity of the banking system of Ukraine: Scientific analyzes.
Issue. 12 / VI Mishchenko, AV Catfish and others. - Kyiv: Center for Scientific
Research Bank, 2008. - 180 p.].