Identification of Sufficiency of Gold and Currency Reserves of Ukraine and EU Countries

The article analyses interdependencies of the size of foreign debt and size of gold and currency reserves of Ukraine and EU countries. It analyses the main component of the national wealth of the country – size of gold and currency reserves. It considers the structure of the gold and currency reserve and gross state debt of Ukraine. It identifies the most significant share in the general structure of the gold and currency reserve. It describes regulation of gold and currency reserves at the modern stage of the country development. It compares volumes of gold and currency reserves of the country with other countries. It identifies the level of sufficiency of gold and currency reserves. It studies dynamics of fluctuation of gold and currency reserves and consolidated debts of Ukraine, Bulgaria, Latvia, Lithuania and Romania during 2010 – 2012. It establishes the link between gold and currency reserves and consolidated debts of EU countries and Ukraine in accordance with the modelled linear equations of dependencies and identifies their correlation ratios. It assesses adequacy of gold and currency reserves of Ukraine by the import coverage criterion.