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THE REASONABLE CHARACTER OF CONVENTIONAL INTEREST, IN THE REGULATORY OF CIVIL LAW OF THE REPUBLIC OF MOLDOVA (English version)

Author

Listed:
  • Alexandru BOT

    (licenţiat în drept, Masterand în anul I, Facultatea de Drept, Universitatea de Stat din Moldova)

  • Dorin CIMIL

    (doctor în drept, conferenţiar universitar, Facultatea de Drept, Universitatea de Stat din Moldova)

Abstract

Viewed as signals that play an important role in any market economy, interest rates channel the flow of funds from savers to borrowers. To ensure de security of this flow the Moldavian law states that interest rates need to be in a certain reasonable relationship with the refinancing rate of the National Bank of Moldova. Then again, the legal norm does not contain the definition or any numeral references regarding the difference between these two variables, a difference which is considered to be a reasonable one. Yet these are not the only questions that where fulfilled by this research, thus our scientific approach covers even the economical nature of interest rates, through this we have intended to entirely explain their juridical form.

Suggested Citation

  • Alexandru BOT & Dorin CIMIL, 2011. "THE REASONABLE CHARACTER OF CONVENTIONAL INTEREST, IN THE REGULATORY OF CIVIL LAW OF THE REPUBLIC OF MOLDOVA (English version)," Jurnalul de Studii Juridice, Editura Lumen, Department of Economics on Behalf of Petre Andrei University Iasi, vol. 1(1), pages 235-250, April.
    • Handle: RePEc:lum:rev4rl:v:1:y:2011:i:1:p:235-250
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    Keywords

    Convensional interest; regulatory civil law;

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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