Cercetări financiare și monetare

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Author: search.filters.author.Iordachi, VictoriaSubject: search.filters.subject.monetary policy

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    COVID-19 and the response of central monetary authorities
    (INCE, 2020) Iordachi, Victoria; Timus, Angela; Ciobu, Stela
    The spread of the coronavirus epidemic is causing turmoil in financial markets’ functioning. This sudden shock required for a massive policy response. The actions of central banks have emphasized their critical role in crisis management process. The scope of this article is to emphasize policy actions taken by central banks from some selected countries, including the Republic of Moldova.
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    Possibilities of using tax multipliers for stabilization in transition economies
    (INCE, 2018) Cociug, Victoria; Timus, Angela; Iordachi, Victoria
    Within this study, the possibilities of identification and estimation of tax multipliers that are adequate for a transition economy have been analysed. These multipliers can be regarded as macroeconomic policy stabilizers, while their application is coordinated with the objectives established within the development strategies. The authors discuss the problem of equilibrating monetary stabilizers with the tax ones, which are used namely in transition economies to achieve sustainable economic growth, basing on the example of the Republic of Moldova.
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    Threats to macroeconomic stability under the impact of international capital movement
    (INCE, 2018) Iordachi, Victoria; Ciobu, Stela; Clichici, Dorina
    One of the most interesting issues that provoke controversial disputes is the impact of financial flows on the evolution of the states as a whole and economic growth of developing economies. The process of capital movement between countries cannot be stopped and it must be managed efficiently in order to obtain economic benefits and minimize the risks related to macroeconomic stability. The purpose of this study is to identify and analyze the effects of capital inflows on the macroeconomic stability of the Republic of Moldova. The research was based on the following methods: analysis and synthesis, induction and deduction, graphical and tabular methods, methods inherent in economic disciplines – observation, reasoning, comparison, classification, grouping; systemic methods and static analysis. As a result of the research, it is concluded that imprudently regulated capital inflows, in spite of their obvious advantages, could pose a serious threat to macroeconomic stability and external competitiveness, generating overheating of the economy, if their volume exceeds its ability to absorb them. However, the analysis depicts that remittances inflows have positively influenced so far, the economic development of the Republic of Moldova.