MONETARY INDICATORS OF THE FINANCIAL STABILITY OF THE REPUBLIC OF MOLDOVA

Tatiana Petrova and Corina Gribincea ()
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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

Contemporary Economy Journal, 2017, vol. 2, issue 4, 117-124

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.

Keywords: financial stability; monetary indicators; inflation targeting; banking crisis; financial soundness indicators (search for similar items in EconPapers)
JEL-codes: D53 E51 G01 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:2:y:2017:i:4:p:117-124

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