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Financial Crises In Republic Of Moldova: Essence, Particularities And Ways Of Prevention

Author

Listed:
  • FETINIUC, Valentina

    (International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova)

  • IVAN, Luchian

    (International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova)

Abstract

Financial crisis is a sharp change in value of any financial instruments and, essentially, it is an important deadlock in functioning of financial market. It can be expressed through deep frustration of the financial system, accompanied by inflation, non-payments, dysfunction of banking system, instability in exchange rates, equity prices, substantial problems with internal and external public debt serving. There have been five financial crises in Republic of Moldova. Conducted studies show triggering factors, allow examination of their specific aspects, spreading channels and related consequences. Major fluctuations on foreign exchange market, functioning issues of banking system, public debt management and moral hazard remain important risk factors, which can cause financial market instability. It is also of major importance to determine the ways to prevent future financial crises.

Suggested Citation

  • FETINIUC, Valentina & IVAN, Luchian, 2017. "Financial Crises In Republic Of Moldova: Essence, Particularities And Ways Of Prevention," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 4(1), pages 125-134.
    • Handle: RePEc:vls:rojfme:v:4:y:2017:i:1:p:125-134
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    More about this item

    Keywords

    financial crisis; debt crisis; stock market crisis; currency crisis; banking crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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