The impact of state securities profitability on the effectiveness of monetary policy in Moldova

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dc.contributor.authorCociug, Victoria
dc.contributor.authorTimofei, Olga
dc.date.accessioned2021-05-31T08:38:22Z
dc.date.available2021-05-31T08:38:22Z
dc.date.issued2016
dc.descriptionBibliogr.: p. 47 (5 titl.). JEL classification codes: E42, E43, E52, E58.en_EN
dc.description.abstractThe recent decision of the Central Bank of Japan, regarding the adoption of a monetary policy aimed to control interest rates on government securities issued in the long term, which involves reducing the profitability of these values and increase their maturity to 24 years, determined our interest for state securities profitability impact on the effectiveness of monetary policy in the Republic of Moldova. Due to the fact that NBM has recently provided state securities with an interest that is very attractive to banks, which on the one hand, keeps the banks on the money market, on the other hand, this leads not only to lower bank interest for lending economy but even to counter this activity, which has adverse effects on the efficiency of provided monetary policy.en_EN
dc.identifier.citationCOCIUG, Victoria, TIMOFEI, Olga. The impact of state securities profitability on the effectiveness of monetary policy in Moldova. In : Journal of Financial and Monetary Economics. 2016, no. 3, pp. 42-47. ISSN 2537-3269; ISSN L 2392-9685.en_EN
dc.identifier.issn2537-3269
dc.identifier.urihttps://rses.ince.md/handle/123456789/1226
dc.language.isoenen_EN
dc.publisher"Victor Slăvescu" Centre for Financial and Monetary Researchen_EN
dc.subjectstate securitiesen_EN
dc.subjectprofitabilityen_EN
dc.subjectopen-market policyen_EN
dc.subjectmonetary policyen_EN
dc.subjectTaylor functionen_EN
dc.subjectinterest rateen_EN
dc.subjectstate securitiesen_EN
dc.subjectRepublic of Moldovaen_EN
dc.titleThe impact of state securities profitability on the effectiveness of monetary policy in Moldovaen_EN
dc.typeArticleen_EN

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