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Analysis And Management Of Macroeconomic Risks Of The Republic Of Moldova

Author

Listed:
  • Tatiana PETROVA

    (National Institute for Economic Research, Republic of Moldova)

  • Corina GRIBINCEA

    (National Institute for Economic Research, Republic of Moldova)

Abstract

Macroeconomic risks have a complex effect on the level of business activity, liquidity and financial stability of the economy of the Republic of Moldova. Risks and vulnerabilities can develop endogenously within the financial system, but can also occur in the real economy and be transferred to the financial system. The systems approach determines the reform of the macroeconomic risk management system as part of the strategic planning process for the development of the banking sector, the financial system and the country as a whole. The methodology used to calculate indicators of the macroeconomic risks were based on IMF methodology. Authors conclude that Moldova’s is lagging in terms of per capita income and weak social development emphasizes the need for faster and more comprehensive growth. However, the existence of an export-oriented economy development model, along with a weak financial system, makes the real sector vulnerable to external shocks and does not allow for a sustainable economic growth.

Suggested Citation

  • Tatiana PETROVA & Corina GRIBINCEA, 2019. "Analysis And Management Of Macroeconomic Risks Of The Republic Of Moldova," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(2), pages 42-51.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:2:p:42-51
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    References listed on IDEAS

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    1. Korhonen, Iikka & Wachtel, Paul, 2006. "A note on exchange rate pass-through in CIS countries," Research in International Business and Finance, Elsevier, vol. 20(2), pages 215-226, June.
    2. Tatiana PETROVA & Corina GRIBINCEA, 2018. "External Economic Threats Of The Financial Stability Of The Republic Of Moldova," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(1), pages 142-151.
    3. International Monetary Fund, 2019. "Russian Federation: Selected Issues," IMF Staff Country Reports 2019/261, International Monetary Fund.
    4. International Monetary Fund, 2004. "Russian Federation: Selected Issues," IMF Staff Country Reports 2004/316, International Monetary Fund.
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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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