APPROACHES TO ASSESSING THE EFFECTIVENESS OF THE MACRO-PRUDENTIAL POLICY OF THE BANKING SECTOR IN THE REPUBLIC OF MOLDOVA

Victoria Cociug and Victoria Postolache
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Victoria Cociug: Academy of Economic Studies, Chisinau, Republic of Moldova
Victoria Postolache: Balti State University "Alecu Russo", Faculty for Exact, Economic and Natural Science, Balti, Republic of Moldova

Journal of Financial and Monetary Economics, 2021, vol. 9, issue 1, 77-85

Abstract: Determination of the effectiveness of measures in relation to the instruments of macroprudential policy for regulating the credit market is associated with the need to assess the countercyclical nature of macroprudential policy, timely revision of measures in relation to its instruments and determine the side effects of its implementation. Currently, in the world practice, the effectiveness of measures in relation to instruments affecting bank assets is mainly assessed, and the study of the effectiveness of measures in relation to instruments that affect the capital and liquidity of banks is limited to a small number of studies.

Keywords: macroprudential policy; instruments of macroprudential policy; banking effectiveness (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2021
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