FINANCIAL CRISES IN REPUBLIC OF MOLDOVA: ESSENCE, PARTICULARITIES AND WAYS OF PREVENTION

Valentina Fetiniuc and Luchian Ivan
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Valentina Fetiniuc: International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova
Luchian Ivan: International Institute of Management IMI-NOVA, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2017, vol. 4, issue 1, 125-134

Abstract: Financial crisis is a sharp change in value of any financial instruments and, essentially, it is an important deadlock in functioning of financial market. It can be expressed through deep frustration of the financial system, accompanied by inflation, non-payments, dysfunction of banking system, instability in exchange rates, equity prices, substantial problems with internal and external public debt serving. There have been five financial crises in Republic of Moldova. Conducted studies show triggering factors, allow examination of their specific aspects, spreading channels and related consequences. Major fluctuations on foreign exchange market, functioning issues of banking system, public debt management and moral hazard remain important risk factors, which can cause financial market instability. It is also of major importance to determine the ways to prevent future financial crises.

Keywords: financial crisis; debt crisis; stock market crisis; currency crisis; banking crisis (search for similar items in EconPapers)
JEL-codes: G01 G18 G21 (search for similar items in EconPapers)
Date: 2017
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