FOREIGN EXCHANGE RISK MANAGEMENT IN THE REPUBLIC OF MOLDOVA IN CONDITIONS OF CURRENCY CRISIS
Journal Title: Economie şi sociologie - Year 2016, Vol 3, Issue 3
Abstract
At the end of 2014 and beginning of 2015, the banking sector from Moldova faced a tough crisis. It was generated by a series of frauds which led to three banks in process of liquidation, three other banks under NBM`s supervision and a huge gap in the broad money in the economy. These events severely affected the banking sector from the Republic of Moldova. Thus, the novelty of this paper is to highlight the difficulties which the banks from the Republic of Moldova have faced at managing their FX operations during that period. Also, considering the conditions of the downturn of the financial situation in the national banking sector and in the national economy in general, which followed as consequences of the crisis, this paper has the purpose to explain from theoretical point of view the basic concepts of correct banks’ FX operations management. For this, the author applied analytical, logical, bibliographical and synthesis research techniques. The results of the research are identification of the causes of currency crises, presentation of the basic measures taken by the National Bank of Moldova for mitigating the effects of the crisis, as well as exhibition of author’s recommendations regarding the main directions which have to be considered by banks in their foreign currency operations management.
Authors and Affiliations
Pavel TIPA, Raisa EVSIUKOVA
Keywords
Related Articles
- EP ID EP206225
- DOI -
- Views 86
- Downloads 0
BUSINESS RELATIONS HIP QUALITY PRODUCTS AND COMPETITIVE ENTERPRISE ISSUES OF INTERDEPENDENCE BETWEEN PRODUCT QUALITY AND COMPETITIVENESS OF PRODUCT
The article deals with questions related to the quality management of products based on the principles of marketing and competitiveness of the company. There was revealed that the quality of the products is adequately to...
EVOLUTION AND DEVELOPMENT STRATEGIES REGARDING SME SECTOR IN ROMANIA AND THE REPUBLIC OF MOLDOVA
The small and medium enterprises (SMEs) are at the top of European strategies and policies, a key factor for growth, employment and economic performance. The economic and financial crisis of 2008 has affected the SME sec...
ACHIEVING RIGHTS OF CHILDREN WITH DIVORCED PARENTS TO AN ADEQUATE STANDARD OF LIVING
The article presents the results of the study "Providing children with alimony with divorced parents". This research revealed that more than a third of debtors do not pay alimony, saying that they are unable to pay, crea...
FOREIGN EXCHANGE RISK MANAGEMENT IN THE REPUBLIC OF MOLDOVA IN CONDITIONS OF CURRENCY CRISIS
At the end of 2014 and beginning of 2015, the banking sector from Moldova faced a tough crisis. It was generated by a series of frauds which led to three banks in process of liquidation, three other banks under NBM`s sup...
PSEUDO-SCIENTIFIC ECONOMIC POLICIES OF MOLDOVA ASSOCIATION TO THE EU: METHODOLOGY, PROBLEMS, SOLUTIONS
Economic policies and decisions on EU association starting with the begginig of 90’s were pseudo-scientific, contradictory, incoherent because those policies have not based themselves on modern and current economic theor...