MACRO-PRUDENTIAL POLICY: A NEW METHODOLOGICAL APPROACH FOR REPUBLIC OF MOLDOVA
MACRO-PRUDENTIAL POLICY: A NEW METHODOLOGICAL APPROACH FOR REPUBLIC OF MOLDOVA

Summary/Abstract: In view of actual crisis in Republic of Moldova, is becoming crucial the problem of the development of the conceptual and methodological framework of the macro-prudential policy for the national banking system (sundararajan (2002); Caruana (2010); Borio (2009)). I this study have been made first attempts towards delimiting the concept of the macro-prudential policy, to propose a classification for the macro-prudential policy indicators adapted to the Moldavian banking system, and investigation if the proposed approach can be applied to the domestic financial market, by attempting to calculate these indicators following the official statistics. Besides, we discussed the main interferences of the macro-prudential and monetary policy objectives accounting for conditions imposed by "impossible trinity".

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