What drives high cost of finance in Moldova?
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Date
2012
Authors
Journal Title
Journal ISSN
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Publisher
Academica Brâncuşi
Abstract
Why there are high costs to finance in Republic of Moldova? Is it a problem for business environment?
These are the questions discussed in this paper. Following the well know Growth Diagnostics approach by
Hausmann, Rodrik and Velasco, authors assess the barriers and impediments to access to finance in Republic of
Moldova. Guided by international and national statistics we found evidence of poor intermediation, poor
institutions, high level of inflation, and high collateral as major causes of high cost of financial resources in
Republic of Moldova. At the end of the study authors give policy recommendations identifying other related fields
to be addressed.
Description
Abstract în lb. engl. Bibliogr.: p. 46(5 titl.).
Keywords
finance, prices, access to finance, growth diagnostics
Citation
STRATAN, Alexandru, CHISTRUGA, Marcel (2012). What drives high cost of finance in Moldova? In: Analele Universităţii „Constatin Brâncuşi” = Annals of the „Constantin Brâncuşi”. Series Economy, Tîrgu-Jiu, 2012, issue I. pp. 38-46. ISSN 1844-7007