IMPLEMENTATION OF FINANCIAL DERIVATIVES ON THE CAPITAL MARKET OF REPUBLIC OF MOLDOVA: CHALLENGES AND OPPORTUNITIES

Victoria Iordachi and Marcelina Roşca
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Victoria Iordachi: National Institute for Economic Research, Chișinău, Republic of Moldova
Marcelina Roşca: Academy of Economic Sciences of Moldova, Chișinău, Republic of Moldova

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 142-151

Abstract: The creation of derivatives market in Republic of Moldova is an actual necessity dictated by the improvement of market relations on international financial market and the development of national capital market. However, the implementation in practice of this desideratum can be realized in certain circumstances. The Moldovan capital market is very young and is trying hard to conform to international standards. Its evolution hasn’t still reached the level of investors’ expectations and is facing serious problems. This research includes the analysis of capital market of Republic of Moldova and possibilities of implementing derivative instruments by market participants.

Keywords: capital market; derivatives market; derivative financial instruments; futures; options; forward contract; stock exchange; commodity exchange; OTC market (search for similar items in EconPapers)
JEL-codes: G23 G28 Q14 (search for similar items in EconPapers)
Date: 2015
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