RETHINKING THE INSTITUTIONAL FRAMEWORK FOR FINANCIAL STABILITY IN THE REPUBLIC OF MOLDOVA

Dorina Clichici
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Dorina Clichici: National Institute for Economic Research, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 59-66

Abstract: The aim of this article is to identify the arrangements of the accountability of regulatory institutions and the deficiencies in pursuing financial stability within the banking system of the Republic of Moldova. Financial stability policies are a missing ingredient from the current policy framework, and there is a too huge gap between banking supervision and the goal of financial stability assuring. The article have highlighted an intense need for strengthening financial stability framework in the country through three main actions: redefining the central bank’s role, strengthening the crisis management and strengthening the deposit insurance system. This article offers policy recommendations in building a stronger institutional framework for financial stability in the Republic of Moldova.

Keywords: financial stability; institutional framework; banking system (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:2:y:2015:i:1:p:59-66

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