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Rethinking The Institutional Framework For Financial Stability In The Republic Of Moldova

Author

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  • CLICHICI, Dorina

    (National Institute for Economic Research, Chisinau, Republic of Moldova)

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.

Suggested Citation

  • CLICHICI, Dorina, 2015. "Rethinking The Institutional Framework For Financial Stability In The Republic Of Moldova," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 2(1), pages 59-66.
    • Handle: RePEc:vls:rojfme:v:2:y:2015:i:1:p:59-66
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    References listed on IDEAS

    as
    1. Sander Oosterloo & Jakob de Haan, 2003. "A Survey of Institutional Frameworks for Financial Stability," DNB Occasional Studies 104, Netherlands Central Bank, Research Department.
    2. Jeremy C. Stein, 2011. "Monetary Policy as Financial-Stability Regulation," NBER Working Papers 16883, National Bureau of Economic Research, Inc.
    3. Goodhart, C A E, 1987. "Why Do Banks Need a Central Bank?," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 75-89, March.
    4. Philip Lowe & Claudio Borio, 2002. "Asset prices, financial and monetary stability: exploring the nexus," BIS Working Papers 114, Bank for International Settlements.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Victoria IORDACHI & Mariana Rodica TIRLEA & Tatiana PETROVA, 2017. "International Reserves Management In The Republic Of Moldova," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 1-2, pages 65-74.

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    More about this item

    Keywords

    financial stability; institutional framework; banking system;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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