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The Contribution of Banks towards the Formation of Capital Market Liquidity: the Case of Moldova

Author

Listed:
  • Rodica Hincu

    (Academy of Economic Studies of Moldova)

  • Florin-Marian Buhociu

    (Dunarea de Jos University of Galati, România)

  • Marcelina Rosca

    (Academy of Economic Studies of Moldova)

Abstract

The problem of low liquidity in the capital market of Moldova is addressed in several policy documents at the state level, noting that the low liquidity of the stock market has hampered the proper functioning of the domestic capital market and access to financing its means. In their view, improving the liquidity of the domestic capital market can be achieved through the active involvement of banks into capital market activities. In this article the phrase "banks" are envisaged licensed banks, and there is no reference to the central bank.

Suggested Citation

  • Rodica Hincu & Florin-Marian Buhociu & Marcelina Rosca, 2016. "The Contribution of Banks towards the Formation of Capital Market Liquidity: the Case of Moldova," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 282-290.
    • Handle: RePEc:ddj:fserec:y:2016:p:282-290
    as

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    References listed on IDEAS

    as
    1. Carolyn Sissoko, 2017. "The Plight of Modern Markets: How Universal Banking Undermines Capital Markets," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 46(1), pages 53-104, February.
    2. Maurizio Naldi & Marta Flamini, 2014. "The CR4 index and the interval estimation of the Herfindahl-Hirschman Index: an empirical comparison," Working Papers hal-01008144, HAL.
    3. Bruce Hearn & Jenifer Piesse, 2010. "Barriers to the development of small stock markets: A case study of Swaziland and Mozambique," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(7), pages 1018-1037.
    4. Eduardo Levy Yeyati & Sergio L. Schmukler & Neeltje Van Horen, 2008. "Emerging Market Liquidity and Crises," Journal of the European Economic Association, MIT Press, vol. 6(2-3), pages 668-682, 04-05.
    5. Nikolaou, Kleopatra, 2009. "Liquidity (risk) concepts: definitions and interactions," Working Paper Series 1008, European Central Bank.
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