IMPLICATIONS OF EXCESS LIQUIDITY FOR COMMERCIAL BANKS, CENTRAL BANK AND ECONOMIC GROWTH IN THE REPUBLIC OF MOLDOVA

Angela Belobrov and Anatolie Caraganciu
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Angela Belobrov: Academy of Economic Studies of Moldova
Anatolie Caraganciu: Lucian Blaga University of Sibiu, Faculty of Economic Sciences

Revista Economica, 2019, vol. 71, issue 2, 8-23

Abstract: This paper seeks to understand the causes and consequences of excess liquidity phenomenon in Moldovan banking system and national economy. The main features of excess liquidity are their large size and riskiness, and the difficulties of managing them. The profitability of commercial banks was negatively affected by excess liquidities. The Central Bank ( named the National Bank of Moldova) revenues also were negatively affected because of consisted amount of interest that has being paid on monetary policy operations.

Keywords: excess liquidity; monetary policy; liquidity management (search for similar items in EconPapers)
JEL-codes: B23 E5 G33 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:71:y:2019:i:2:p:8-23

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