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Monetary Policy Against Financial Stability In The Republic Of Moldova

Author

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  • TIMOFEI, Olga

    (National Institute for Economic Research)

Abstract

The financial stability of a country is one of the most current and most discussed issues worldwide. Until the global financial crisis, the financial stability achievement was strongly subordinated to monetary stability, which is considered the priority task of the central bank. But the last evolutions have shown that financial stability involves certain more complicated problems of measurement and definition, more of those that belong to central bank proficiency. The paper's aim is to analyze the ability of NBMs’ monetary policy, to maintain the financial stability of RM within the limits of its objectives and duties, in order to highlight the causes of financial instability and in providing solutions overcoming them.

Suggested Citation

  • TIMOFEI, Olga, 2015. "Monetary Policy Against Financial Stability In The Republic Of Moldova," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 98-103.
  • Handle: RePEc:vls:rojfme:v:2:y:2015:i:1:p:98-103
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    References listed on IDEAS

    as
    1. John B. Taylor, 1997. "Policy Rules as a Means to a More Effective Monetary Policy," Palgrave Macmillan Books, in: Iwao Kuroda (ed.), Towards More Effective Monetary Policy, chapter 2, pages 28-39, Palgrave Macmillan.
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    More about this item

    Keywords

    financial stability; monetary policy; price stability; financial crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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