The impact of inflation on financial activity: the experience of small and medium-sized enterprises

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dc.contributor.authorGutium, Tatiana
dc.contributor.authorSpeian, Olesea
dc.date.accessioned2023-02-13T13:01:48Z
dc.date.available2023-02-13T13:01:48Z
dc.date.issued2022
dc.descriptionReferințe bibliografice: p. 236 (23 itl.). JEL classification: D92, E31.en_EN
dc.description.abstractIt is not easy for a business to deal with the post-pandemic consequences, the economic recession, and the world energy crisis. Globally, the inflation rate is increasing. More than 60 central banks have raised the base rate in 2022. Despite promoting anti-inflationary policies, the expected results have not been achieved. The price increase affected the economic activity of SMEs, whose finances are more vulnerable than those of large enterprises. Initially, inflation positively influences the volume of loans because the borrower will return less real money according to their purchasing power. In addition, it increases the demand for loans. In such situations, commercial banks increase the interest rate on loans, and the Central (National) Bank uses different instruments of anti-inflationary policy. For example, it increases the reserve requirement ratio. The realization of these decisions leads to a reduction in the volume of new credits granted. The purpose of the study is to estimate how inflation influences the volume of loans in total in Moldova. The result showed that the total impact of inflation on the credits granted is negative. In the end, the debtor is the loser. The research object is relevant not only for the Republic of Moldova, which recorded the highest inflation rate among the countries of the European continent but also for other countries of the world.en_EN
dc.identifier.citationGUTIUM, Tatiana, SPEIAN, Olesea. The impact of inflation on financial activity: the experience of small and medium-sized enterprises = Impactul inflației asupra activității financiare: experiența întreprinderilor mici și mijlocii. In: Dezvoltarea economico-socială durabilă a euroregiunilor și a zonelor transfrontaliere: conferința internațională, ediția a XVIII-a, 28 octombrie 2022, Iași. Iași, 2022, vol. XLII, pp. 229-236. ISSN 2971- 8740.en_EN
dc.identifier.issn2971- 8740
dc.identifier.urihttps://rses.ince.md/handle/123456789/1733
dc.language.isootheren_EN
dc.publisherPerformanticaen_EN
dc.subjectinflation rateen_EN
dc.subjectconsumer priceen_EN
dc.subjectprice indexen_EN
dc.subjectloanen_EN
dc.subjectvolume of loansen_EN
dc.subjectinterest ratesen_EN
dc.subjectsmall and medium-sized enterpriseen_EN
dc.subjectinflatieen_EN
dc.subjectintreprinderi mici si mijlociien_EN
dc.subjectactivitate financiaraen_EN
dc.titleThe impact of inflation on financial activity: the experience of small and medium-sized enterprisesen_EN
dc.title.alternativeImpactul inflației asupra activității financiare: experiența întreprinderilor mici și mijlociien_EN
dc.typeArticleen_EN

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