During the economic crisis, developed countries are by reducing
 refinancing rates to near zero in order to maintain market
 lending.  The level of inflation in these countries is quite
 low, particularly in Japan in 2008 it was 1.75% in the U.S. - 4.22
 % In the UK - 3.78% in the EU - 2.4% even in times of crisis
 loan rates in Europe do not exceed 6-9%
 pa [MV Savostyanenko  Tick.  Work.].  This approach helps
 expand production, increase competition and reduce inflation.

 Unavailability of refinancing in Ukraine led to the outflow of
 banking system and currency appreciation.  Artificially created mistrust
 up rate and, as a result, uncertain prospects have prompted people
 invest in different currencies, even questionable, but not in
 Ukrainian.

 Development of the loan - it is the only way to economic recovery and
 stimulate production.  A powerful tool to promote development
 lending institution is government guarantees.  They are
 most effective way to overcome the crisis of confidence.