MAINTENANCE OF THE MOLDOVAN BANKING SECTOR STABILITY IN THE CONTEXT OF COVID-19 PANDEMIC
The COVID-19 pandemic has distorted the economic situation around the world, affecting the incomes of enterprises and consumers. This fact also influences the financial situation of banks, given the key role of the banking system in accumulating temporarily free money from the economy and inv...
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| Format: | Article |
| Language: | English |
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Academy of the Economic Studies of Moldova
2020-02-01
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| Series: | Economica |
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| Online Access: | https://irek.ase.md/xmlui/bitstream/handle/1234567890/382/Bejan-A_economica_2020_nr2.pdf?sequence=1&isAllowed=y |
| Summary: | The COVID-19 pandemic has distorted
the economic situation around the world,
affecting the incomes of enterprises and
consumers. This fact also influences the
financial situation of banks, given the key
role of the banking system in accumulating
temporarily free money from the economy
and investing these resources in loans.
In the current situation, the Central
Banks’ efforts from all over the world are
aimed at ensuring the stability of the banking
sector, maintaining the financial intermediation
and the functions of banks, as
well as mitigating the potential effects of
slowing economic growth.
The present article examines the
measures taken by the Central Banks of the
European Union to mitigate the effects of
the COVID-19 pandemic, the actions taken
by the National Bank of Moldova in this
context and as well the measures needed to
be taken forwards by the commercial banks
to preserve their capital and liquidity. |
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| ISSN: | 1810-9136 1810-9136 |