FINANCIAL SYSTEM AND MODERN MONETARY MECHANISM

Radu Cuhal, Ludmila Starițîna and Nicolae Basistîi
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Radu Cuhal: National Bank of Moldova, Chişinău, Republic of Moldova
Ludmila Starițîna: National Bank of Moldova, Chişinău, Republic of Moldova
Nicolae Basistîi: National Bank of Moldova, Chişinău, Republic of Moldova

Journal of Financial and Monetary Economics, 2014, vol. 1, issue 1, 85-91

Abstract: This study determines the modern approaches to the implementation of monetary policy and regulation of financial systems. Set of measures to prevent and overcome the financial crisis is grounded taking into consideration different areas of research and the IMF (Poole W., 2010; Roger S., 2010). New tasks of monetary policy in central banks are specified and they are intended to ensure the financial stability of the state (within the common financial policy). The main directions of elaboration and implementation of new monetary policy mechanism, which is intended to ensure the effective solution of problems in macro prudential supervision and financial stability, are examined.

Keywords: Monetary policy; financial stability; macroprudential analysis; flexible inflation targeting; liquidity risk (search for similar items in EconPapers)
JEL-codes: E52 G15 G18 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:1:y:2014:i:1:p:85-91

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