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At the beginning of 2020, the world faced the most frightening threat to the population's health – COVID-19 pandemic. For this reason, the international institutions, governments of countries and various organizations are forced to use unprecedented restrictive measures in many spheres of activity. As a result, the economies of the countries all over the world are significantly affected and are on the verge of crisis. This paper presents examples of economic consequences of COVID-19 pandemic for different countries of the world and analyzes still few scientific works, which study the influence of pandemic on their economies. The article generalizes the legislative and anti-crisis measures of the Ukrainian Government, as well as the National Bank of Ukraine and other state authorities. It is evidenced that at the end of 2019 and the beginning of 2020, Ukraine witnessed a significant decrease in GDP growth rate, reduction of industrial production and electricity production. The financial indicators also underwent significant losses, particularly the unemployment rate increased as thousands and thousands of labor migrants have returned to Ukraine from European and other countries. The article proves the inconsistency and unprofessionalism of such restrictive and regulatory measures. Finally, the necessity is substantiated to combine the methods of market economy and state regulation. The compulsory steps are offered, which would minimize the losses of the state and its population during this economic crisis.

The relevance of the publication is due to the need to analyze the effectiveness of the Deposit Guarantee Scheme developed in Ukraine in the context of identified problems related to the clearing of the banking system of Ukraine by withdrawing from the market «schematic» and under-capitalized banks that had poor credit portfolios. The purpose of the article is to investigate the problems of the activity of the Deposit Guarantee Fund in Ukraine and to substantiate recommendations and measures for the improvement of this system. Research methods: terminological and statistical analysis, comparison, logical generalization, analysis, synthesis. The limits of the study: the analysis is limited by the study of internal factors for the period 2013–2018, as well as the available statistical information as of November 2019.The analysis of the main problems of the DGF activities has allowed to identify the key ones, which are currently: incorrect definition of the objectives of the Deposit Guarantee Scheme in Ukraine, which are enshrined in the DGF Development Strategy for 2013–2017; the lack of adequate interaction of the deposit guarantee system with other elements of the system of ensuring financial stability; limited resources of the Fund and lack of tools for profitable placement of own funds; a small amount of the guaranteed deposit amount for bank deposits and a limited number of claimants for reimbursement.The results of the analysis suggested ways to ensure approximation of national banking legislation to guarantee deposits to the requirements of the European Union, in particular to Directive 2014/49/EU and 2014/59/EU: clarification of legal terminology (definition of terms «unavailable contribution»; «contributory contribution»; «guarantee»; «target level»; «low risk assets», etc.); attribution to the main task of the Fund the protection of the rights of all contributors, including legal entities, financial institutions, etc. with the corresponding extension of the Fund's powers; changes to the Fund's financing system and investment principles of the Deposit Guarantee Scheme in line with EU standards, etc.The findings and recommendations obtained from the analysis will have a positive effect on improving the efficiency of the deposit guarantee system in Ukraine and bringing it closer to EU requirements.

In a war economy, ensuring the stability of price dynamics by the regulation of money supply faces a number of fundamental obstacles that significantly reduce the effectiveness of traditional monetary instruments. During the war, the market principles of economy's functioning weaken, the monetary transmission mechanisms do not work adequately, the role of the state in ensuring the functioning of commodity-monetary relations increases. This calls for a revision of the macro-stabilizing role of monetary policy. Taking into account the above, approaches to the formulation of monetary policy directions during martial law are summarized, relevant recommendations for the current conditions of Ukraine are substantiated using theoretical sources, advisory and research papers of international organizations and national macroeconomic regulators, as well as statistical databases. Based on the generalization of theoretical principles and world experience, the design of the wartime monetary regime is substantiated, which involves the modification of such aspects as: the target-oriented monetary policy; the composition of interest rates for the central bank's basic operations; harmonization of monetary policy decisions with fiscal policy priorities; establishment of a fixed exchange rate regime; enhanced control over the cross-border movement of capital. It is concluded that in a war economy, the main contribution of monetary policy to the achievement of macroeconomic stability should be made by the effective interaction with the government in ensuring the stable functioning of government borrowing market, controllability of capital movements, support for the creation of new jobs and generators of new added value for effective closure of new money supply.

The COVID-19 epidemic in Ukraine and around the world has led to unprecedented restrictive measures by countries to counter the spread of viral diseases and support national health systems. At the same time, the quarantine measures introduced in Ukraine rather exposed and deepened the negative trends in the economy, which have been observed since the second half of 2019. In the first nine months of 2020, Ukraine\\\\\\\\\\\\\\\'s real GDP fell by 5.4% and consumer inflation last year was below the target range of the NBU, which indicates signs of full-fledged stagnation in the real sector of the economy. The efficiency of the financial intermediation and monetary transmission in Ukraine remains low. The stagnation of bank lending has been going on for the third year in a row, and the measures taken by the NBU to stimulate the economy have not been effective enough. The loan-to-deposit ratio is following the downward trend since 2015. The risk of lower revenues of the state budget of Ukraine and increasing the cost of government borrowing significantly complicates the implementation of state programs to support the economy. The lack of sufficient fiscal space to finance public expenditures at an affordable cost puts Ukraine on an unequal footing with the countries of Central and Eastern Europe in the context of overcoming the crisis. In order to counter the COVID-19 crisis, countries use a combination of government fiscal mechanisms with monetary and macroprudential instruments of central banks. Given the risk of a vicious cycle of deterioration of the financial condition of the banking and corporate sectors in Ukraine, authors justified a comprehensive approach to improving public economic and financial policy, which will synergize the effect of the measures taken and ensure long-term sustainable growth of Ukraine's economy based on effective credit support of the banking system.

The issue of estimating the level of neutral interest rates is a central issue for theoretical foundation of decision-making on interest rate policy in the practice of central banks. As a result of studying theoretical sources, research materials of international organizations and central banks, the factors of the neutral interest rate are systematized, the methods of its estimation are generalized, their advantages and disadvantages are revealed. Factors of the neutral rate are systematized according to the principle of their influence on the demand or supply of money in the economy. It has been established that there is no single generally accepted theoretical and methodological approach to determining the neutral rate in modern practice. A wide variation of methods with varying degrees of reliance on a theoretical basis (from purely mathematical filtration techniques to complex macroeconomic general equilibrium models) extends a field for new research. It is found that a key issue in neutral rate estimating models is the formalization of the relationship between the effects of external and internal factors, which is especially important for countries with a small open economy. Attention is paid to the method for estimating the neutral rate based on the rule of uncovered interest parity, which is used in the national practice of monetary regulation. Systemic shortcomings of this method are revealed on the basis of research of its theoretical bases and results of practical application in the conditions of the Ukrainian economy. The expediency of introducing into the practice of monetary regulation in Ukraine of alternative methodological toolkit for estimating the neutral rate based on the achievements of T. Laubach and J. Williams with adaptation to the open economy settings is justified, which would enhance the role of domestic factors, in particular changes in potential GDP and savings as important determinants of neutral value of money.

Ukraine-Russia: From crisis to effective partnership. Analytical Report of Razumkov Centre. - S. 1-42. Section 1: Political factors of bilateral cooperation. - S. 3-14 Section 2: Bilateral economic cooperation of Ukraine and Russia. - S. 15-23 Section 3: Relations of Ukraine and Russia in the Energy sector. - S. 24-27 Section 4: Humanitarian aspect of Ukraine-Russia relations. - S. 28-32 Section 5: State and prospects of Ukraine-Russia cooperation in the miliary sector. - S. 33-36 Section 6: Conclusions and proposals. - S. 37-42 Yushchenko, V.: Problems and prospects of Ukraine-Russia partnership. - S. 43-45 Tymoshenko, Y.: Establish effective cooperation between Ukraine and Russia. - S. 45 kostenko, Y.: Good-neighbourliness, mutual trust and respect for national interests of each party are the cornerstone of bilateral relations. - S. 46 Danylyshyn, B.: Intensification of bilateral relations with the Russian Federation is one of the main tasks of the foreign economic policy of the state. - S.47-49 Bilorus, O.: Strenghten trust between our states. - S. 49-50 Grytsenko, A.: We should part with vain promises, clearly formulate our position and begin practical action. - S. 51-52 Tarasyuk, B.: Task of politicians and authorities of both countries - to use potential of constructive cooperation. - S. 52 Yatseniuk, A.: Ukraine-Russia relations should be clear, pragmatic, effective and positively competitive. - S. 53-54 Hryshchenko, K.: Strengthen potential of bilateral cooperation. - S. 54-55 Loskutov, V.: Emphasis should be made on gains in bilateral relations. - S. 55-56 Bunin, I.: Russia and Ukraine : Possibilities of a dialogue. - S. 56-58 Adamishin, A.: Draw up a roadmap to lead Russia-Ukraine relations out of crisis. - S. 59 Muzykantskiy, A.: Encourage improvement of Russia-Ukraine cooperation. - S. 60 Ukrainian and Russian experts about the state, problems and prospects of bilateral relations : Expert Poll. - S. 61-71 Ukraine-Russia relations in assessments of Ukraine's citizens : Nation Wide Poll. - S. 72-84