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Monetary Indicators Of The Financial Stability Of The Republic Of Moldova

Author

Listed:
  • Tatiana PETROVA

    (National Institute for Economic Research of the Academy of Sciences of Moldova and Ministry of Economy, Republic of Moldova)

  • Corina GRIBINCEA

    (National Institute for Economic Research of the Academy of Sciences of Moldova and Ministry of Economy, Republic of Moldova)

Abstract

The greatest threat to the financial stability of the Republic of Moldova’s transition economy are considered the shocks in the banking sector which could destabilize fiscal and payment system, leading to higher inflation and demonetization of the economy. This can cause a detrimental impact on the rate of the national currency and exacerbate the political situation within the country. An analysis of the international practice concerning monetary system regulation for financial sustainability has been conducted by the authors. In order to assess financial stability on the money market of the Republic of Moldova the following indicators have been used: monetary aggregates; level of monetization of the economy; the level of ensuring the monetary base level of international reserves (gold & external reserves - GER); level of inflation and exchange rate.

Suggested Citation

  • Tatiana PETROVA & Corina GRIBINCEA, 2017. "Monetary Indicators Of The Financial Stability Of The Republic Of Moldova," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(4), pages 117-124.
    • Handle: RePEc:brc:brccej:v:2:y:2017:i:4:p:117-124
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    References listed on IDEAS

    as
    1. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
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    More about this item

    Keywords

    financial stability; monetary indicators; inflation targeting; banking crisis; financial soundness indicators;
    All these keywords.

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G01 - Financial Economics - - General - - - Financial Crises

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