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    Financial innovations and prudential regulation - impact of new rules of Basel III
    (“Victor Slăvescu” Centre for Financial and Monetary Research, 2014) Cociug, Victoria; Dogotari, Victoria
    The recent financial crisis, that has left its mark on the global economy, highlighted the problems of ensuring the stability of the banking sector. At the end of 2010 year, G20 meeting has determined the need of approval of new standards of banking regulation and international settlement named Basel III. The present study is an attempt to present the changes imposed to the new supervisory agreement and to determine the preparation of banking sector for implementation of new provisions.
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    The determinants of banking system vulnerability in the Republic of Moldova
    (“Victor Slăvescu” Centre for Financial and Monetary Research, 2013) Clichici, Dorina
    A banking system is more vulnerable when there are felt more negative effects on this as a consequence of the global financial crisis events. In the context of the objective of enhancing financial stability and, in particular, limiting the likelihood of failure of the banking system it is useful to verify how the main characteristics which play a role for banking system vulnerability behaved in the case of the Republic of Moldova: system’s liquidity, capitalization, competition, diversification, presence of foreign banks, and wholesale funding. In order to determine how hard was hit the banking system of Moldova by the recent financial crisis in the article are analyzed quantitative and qualitative the above mentioned characteristics and identified the crisis effects on them.
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    The insurance market of the Republic of Moldova in terms of investment potential
    (“Victor Slăvescu” Centre for Financial and Monetary Research, 2013) Timus, Angela; Ungur, Cristina
    The financial market of the Republic of Moldova has been characterized by a high degree of uncertainty during the last years. The political instability had its consequences causing disturbances, especially on the bank market. At the same time, the global financial crisis has had a direct impact on the national financial market as well, reducing thus the investment potential in the bank and non-bank financial sector, especially of the foreign investors. Notwithstanding the insurance market of the Republic of Moldova has registered a growth during this period. The paper presents an analysis of the insurance market in terms of its investment potential and tries to explain the behavior of the insurance products’ consumers in the conditions of the actual financial and economic crisis.
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    Implementation of basel agreements in the banking sector of the Republic of Moldova
    (2018) Iordachi, Victoria; Ciobu, Stela
    Basel III Agreement is a framework of bank regulation which aims to strengthen the stability of the financial system by applying stringent standards designed to improve its ability to absorb shocks from the economic and financial sector and to reduce the risk of contamination from the financial sector to the real economy. The National Bank of Moldova approved the Basel III Implementation Strategy in the light of the European legislative framework in April 2016. The reform plan will focus on continuing the process of promoting reforms in the banking sector, in particular establishing a transparent shareholder structure attracting new solid investors, adequately assessing the bank's management and identifying transactions with affiliated banks. The purpose of the article соnsists in the identification, analysis, monitoring the actions required to be undertaken by the Central Bank and banks in order to implement the Basel III requirements and to harmonize the legislative framework in the banking field with EU directives.
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    Monetary policy against financial stability in the Republic of Moldova
    ("Victor Slăvescu" Centre for Financial and Monetary Research, 2015) Timofei, Olga
    The financial stability of a country is one of the most current and most discussed issues worldwide.Until the global financial crisis, the financial stability achievement was strongly subordinated tomonetary stability, which is considered the priority task of the central bank. But the last evolutionshave shown that financial stability involves certain more complicated problems of measurement anddefinition, more of those that belong to central bank proficiency. The paper's aim is to analyze theability of NBMs’ monetary policy, to maintain the financial stability of RM within the limits of itsobjectives and duties, in order to highlight the causes of financial instability and in providingsolutions overcoming them.
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    Speculative bubbles and financial crises
    (,,Victor Slăvescu” Centre For Financial And Monetary Research, 2014) Feteniuc, Valentina; Luchian, Ivan; Gherbovet, Sergiu
    The speculative bubble can be defined as the trade in high volumes at prices that are considerably at variance with intrinsic values of certain assets. The burst of speculative bubble can cause financial crisis in specific form created by situation of investment process dysfunction, when investors looking for investment refuges and refuse usual investment opportunities. This phenomenon can be a substantial basis of liquidity crisis and general financial crisis. Therefore is very important for regulation authorities to take in to account the possibility of this type of crisis to elaborate specific measures to prevent and reduce the consequences.
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    Orientările globale ale reformelor fiscale
    (IEFS, 2012) Luchian, Ivan; Timus, Angela
    În ultimii cincisprezece ani, multe guverne au iniţiat reforme fiscale de amploare. Acest proces este puternic influenţat de factori specifici economici, sociali şi financiari, mai ales de globalizare, criza economică şi frauda fiscală. Acest articol este dedicat să explice principalele aspecte ale acestui proces, având la bază unele nuanţe cruciale.