MONETARY POLICY AGAINST FINANCIAL STABILITY IN THE REPUBLIC OF MOLDOVA

Olga Timofei

Journal of Financial and Monetary Economics, 2015, vol. 2, issue 1, 98-103

Abstract: The financial stability of a country is one of the most current and most discussed issues worldwide. Until the global financial crisis, the financial stability achievement was strongly subordinated to monetary stability, which is considered the priority task of the central bank. But the last evolutions have shown that financial stability involves certain more complicated problems of measurement and definition, more of those that belong to central bank proficiency. The paper's aim is to analyze the ability of NBMs’ monetary policy, to maintain the financial stability of RM within the limits of its objectives and duties, in order to highlight the causes of financial instability and in providing solutions overcoming them.

Keywords: financial stability; monetary policy; price stability; financial crisis (search for similar items in EconPapers)
JEL-codes: G01 G28 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:2:y:2015:i:1:p:98-103

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