Cercetări financiare și monetare

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Author: search.filters.author.Clichici, DorinaSubject: search.filters.subject.central bank

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    Relevanţa ciclicităţii pentru direcţiile de acţiune ale băncilor centrale
    (2016) Clichici, Dorina
    Amploarea si severitatea crizei economice si financiare mondiale, declanșata de criza creditelor subprime in SUA, a readus in discutii problema ciclului economic si a rolului stabilizator al politicilor statului in contextul ciclicitatii. Diminuarea ritmului de crestere a PIB-ului la nivel mondial, inregistrata in anul 2009, a fost semnificativa, recesiunea economica fiind generata si amplificata de factori financiari. Scopul articolului este de a argumenta relevanta ciclicitatii pentru directiile de actiune ale bancilor centrale. Articolul sintetizeaza determinanții evolutiei ciclice a economiei, expune particularitatile ciclului financiar si cauzele efectului amplificator al fluctuatiilor factorilor financiari asupra ciclului economic și prezinta totodata viziunile curente privind interventiile bancilor centrale in vederea prevenirii dezechilibrelor financiare, cu accent pe situatia din perioada de postcriza
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    Quality Of Banking Supervision And Its Determinants: The Case Of Republic Of Moldova
    (Editura Universităţii „Alexandru Ioan Cuza”, 2015) Clichici, Dorina
    Recent events which have taken place within the Moldovan banking system have highlighted significant weaknesses regarding banking supervision. As a consequence the financial integrity and stability of the Moldovan banking system has been shaken and the confidence in it has been seriously affected. These deficiencies have induced the necessity of revising the central bank’s role in regulating the Moldovan banking system and increasing the quality of banking supervision. This is the main argument for addressing the determinants of bank supervision quality and finding solutions for enhancing it. The quality of banking supervision depends on several factors and preconditions which are addressed in this article. There has been highlighted the need for a greater focus to be put on independence, accountability and transparency of the supervisor for increasing the effectiveness of banking supervision. There are identified banking supervision’s deficiencies and their determinants in the Republic of Moldova and made an analysis of country’s compliance with the Basel Committee’s Core Principles. The evaluation of the quality of banking supervision in the Republic of Moldova includes statistical analysis of data related to the banking system, review of IMF assessments, as well as observations and qualitative judgments. This paper presents the policy recommendations in institution building for stronger banking system in the Republic of Moldova.
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    Тhe management of financial stability in national strategies
    (INCE, 2017) Perciun, Rodica; Clichici, Dorina
    In this article authors provide an overview of national strategies that directly or indirectly consider the management of financial stability. The actuality of this research topic is based on several factors. Firstly, the depth of the global financial crisis that started in 2007 has shown that financial stability must be ensured and monitored by competent authorities. Secondly, the situation of the national economy has been worsened since 2015, as a result of massive dilapidation of funds and serious violations with regard to preserving the systemic financial stability of the Republic of Moldova. Under the present state the issue of ensuring financial stability becomes more significant and important. The purpose of the research is to analyze and synthesize national strategies which reflect the management of financial stability and to detect the existing gaps. The scientific methods used are the following: systemic approach, analysis and synthesis, induction and deduction, logical analysis, critical analysis, etc. The research has found that the policy of preserving the systemic financial stability is missing from the current national strategies, and there is a huge gap with regard to banking supervision and the objective of ensuring systemic financial stability.