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Impact Of Systemic Banking Crises On Macroeconomic Policy

Author

Listed:
  • COCIUG, Victoria

    (Academy of Economic Studies of Moldova, Faculty of Finance, Chişinău, Republica Moldova)

  • POSTOLACHE (DOGOTARI), Victoria

    (Balti State University “Alecu Russo”, Faculty for Exact, Economic and Natural Science, Bălţi, Republica Moldova)

Abstract

Application of provisions of macroeconomic policy in order to ensure the stability of the banking system, especially, of the financial system as a whole is one of the strengths point of the concept of sustainable development. From one side, management of systemic risk requires orientation of supervisors bodies in monitoring of the situation and to follow the evolution of national banking systems, as a whole, combined with monitoring of monetary policy and microprudential supervision of banks. From another side, real system interacts strongly with the banking system, which generates consequences for banks and financial stability. Motivation for choosing this research topic arising from its novelty and, also, uncertainty of the concept of systemic crisis and involving macroeconomic policy provisions in the banking sector.

Suggested Citation

  • COCIUG, Victoria & POSTOLACHE (DOGOTARI), Victoria, 2014. "Impact Of Systemic Banking Crises On Macroeconomic Policy," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 31-37.
    • Handle: RePEc:vls:rojfme:v:1:y:2014:i:1:p:31-37
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    References listed on IDEAS

    as
    1. Lestano & Jacobs, Jan & Kuper, Gerard H., 2003. "Indicators of financial crises do work! : an early-warning system for six Asian countries," CCSO Working Papers 200313, University of Groningen, CCSO Centre for Economic Research.
    2. Luc Laeven & FabiÁn Valencia, 2013. "The Real Effects of Financial Sector Interventions during Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(1), pages 147-177, February.
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    More about this item

    Keywords

    banking sector; economic crisis; banking systemic crisis;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • G01 - Financial Economics - - General - - - Financial Crises

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