Financing Ukraine's Victory

There is a risk that Ukraine's war effort may be undermined by inadequate external support, leading to excessive reliance on monetary financing, which would drive high inflation, risk a currency crisis, and could undermine the war effort just as the military tide is turning in Ukraine's fa...

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Bibliographic Details
Published in:Policy File 2022
Main Authors: shapoval, Nataliia, Nell, Jacob, Mylovanov, Tymofiy, Gorodnichenko, Yuriy, Bilan, Olena, Becker, Torbjorn
Format: Report
Language:English
Subjects:
Conflicts
Stockholm International Peace Research Institute
Online Access:Request full text
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Summary:There is a risk that Ukraine's war effort may be undermined by inadequate external support, leading to excessive reliance on monetary financing, which would drive high inflation, risk a currency crisis, and could undermine the war effort just as the military tide is turning in Ukraine's favour. This CEPR Policy Insight argues that donors should fund Ukraine next year and describes how best to do it.