IMPACT OF SYSTEMIC BANKING CRISES ON MACROECONOMIC POLICY

Victoria Cociug () and (DOGOTARI), Victoria Postolache
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(DOGOTARI), Victoria Postolache: Balti State University “Alecu Russo”, Faculty for Exact, Economic and Natural Science, Bălţi, Republica Moldova

Journal of Financial and Monetary Economics, 2014, vol. 1, issue 1, 31-37

Abstract: Application of provisions of macroeconomic policy in order to ensure the stability of the banking system, especially, of the financial system as a whole is one of the strengths point of the concept of sustainable development. From one side, management of systemic risk requires orientation of supervisors bodies in monitoring of the situation and to follow the evolution of national banking systems, as a whole, combined with monitoring of monetary policy and microprudential supervision of banks. From another side, real system interacts strongly with the banking system, which generates consequences for banks and financial stability. Motivation for choosing this research topic arising from its novelty and, also, uncertainty of the concept of systemic crisis and involving macroeconomic policy provisions in the banking sector.

Keywords: banking sector; economic crisis; banking systemic crisis (search for similar items in EconPapers)
JEL-codes: E01 G01 G15 (search for similar items in EconPapers)
Date: 2014
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