Articole

Permanent URI for this collectionhttps://rses.ince.md/handle/123456789/25

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Author: search.filters.author.Clichici, DorinaSubject: search.filters.subject.Republica Moldova

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    Weaknesses of corporate governance within the banking sector of the Republic of Moldova
    (”Independenţa Economică”, 2016) Clichici, Dorina
    The article is a continuation of the research initiated by the author on corporate governance challenges for the stability of the banking system and destabilizing effects of weak corporate governance structures within banking institutions in the Republic of Moldova. The article has the purpose to identify weaknesses in corporate governance arrangements in the current banking system and presents the main recommendations for eliminating these deficiencies. In order to achieve this goal was performed an analysis of the legislation that regulates the banking system and of the corporate governance code currently in place. Despite some progress on implementing recommendations of the International Monetary Fund and the reported satisfactory performance of banks, the following deficiencies of corporate governance in the banking system were identified: opaque shareholders’ structures and the issue of ultimate beneficial owners disclosure; deficient quality of bank boards; the current corporate governance code does not consider essential elements recommended by the Basel Committee; the lack of a consistent concept on corporate governance in the banking system in Moldova aligned with Basel Committee's recommendations.
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    Consecinţele guvernanţei corporative deficiente asupra sistemului bancar autohton: Constatări și soluții
    (2015) Clichici, Dorina
    Preocuparea majora a sectorului bancar ramine a fi guvernanta corporativa, cu deficientsemnificative in cadrul legal si de reglementare, ce poate afecta stabilitatea financiara sistemica. Riscurile la adresa stabilitatii financiare sunt semnificative din cauza capacitatii limitate autoritatilor de a actiona.
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    Assessment of illegal capital flows in the Republic of Moldova
    (INCE, 2017) Petrova, Tatiana; Iordachi, Victoria; Clichici, Dorina
    This paper analyses the existent methodologies used in international practice to estimate illegal capital outflows. Also, authors carried out an assessment of the illegal capital outflows in the Republic of Moldova on the basis of two models: the general method based on the balance of payments and the World Bank’s "residual" model. The paper reflects the exceptional situation of the financial system of the Republic of Moldova and trends in evolution of capital flows. The analysis of illegal flows should be part of the monitoring system of the country’s financial stability, which will allow identifying in time negative trends that threaten Moldova's financial security. The main research methods were systemic analysis and logic synthesis; data analysis and interpretation; statistical methods, etc. The main conclusions obtained within the research of this topic are: for more reliable estimates for analytical purposes, it is necessary to develop an adequate methodological base that would help to measure and analyze shadow cross-border flows; for the assessment of the financial security of the Republic of Moldova, as a transition economy, it is important to monitor, analyze and forecast a broader list of financial indicators, as well as their critical values.