INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA
The actuality of the given research is determined by the importance of establishing the adequatevolume of international reserves held by the Central Bank. The main purpose of the article is investigationof new methods of calculating the adequate level of international reserves for emerging economies...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
National Institute for Economic Research
2017-02-01
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| Series: | Economy and Sociology |
| Subjects: | |
| Online Access: | https://ince.md/uploads/files/1503560022_6-iordachi.pdf |
| _version_ | 1818568447910477824 |
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| author | Victoria IORDACHI Mariana Rodica TIRLEA Tatiana PETROVA, |
| author_facet | Victoria IORDACHI Mariana Rodica TIRLEA Tatiana PETROVA, |
| author_sort | Victoria IORDACHI |
| collection | DOAJ |
| description | The actuality of the given research is determined by the importance of establishing the adequatevolume of international reserves held by the Central Bank. The main purpose of the article is investigationof new methods of calculating the adequate level of international reserves for emerging economies,proposed by the IMF and those existing in international practice. The main research methods weresystemic analysis and logic synthesis. The main result obtained in this article, as a result of the research,is proposing a special approach in applying the IMF methodology in the Republic of Moldova,considering the dependence of the economy on the export of labor. The conducted calculations show asignificant decrease in the level of international reserves of NBM over the past two years and theirapproach to the critical value. To overcome internal imbalances, the international reserves managementshould suppose the accumulation of a higher volume than the average, which would partly compensate theshortcomings in implementing reforms of transforming the economy of the Republic of Moldova,improving their efficiency and quality of domestic policy. |
| first_indexed | 2024-12-14T06:35:37Z |
| format | Article |
| id | doaj.art-30dd4ab427744766b95ce4b76669a286 |
| institution | Directory Open Access Journal |
| issn | 1857-4130 1857-4130 |
| language | English |
| last_indexed | 2024-12-14T06:35:37Z |
| publishDate | 2017-02-01 |
| publisher | National Institute for Economic Research |
| record_format | Article |
| series | Economy and Sociology |
| spelling | doaj.art-30dd4ab427744766b95ce4b76669a2862022-12-21T23:13:23ZengNational Institute for Economic ResearchEconomy and Sociology1857-41301857-41302017-02-01126574INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVAVictoria IORDACHI0Mariana Rodica TIRLEA1Tatiana PETROVA,2PhD, Associate Profesor, National Institute for Economic Research, Moldova PhD, Dimitrie Cantemir Christian Univeristy, Bucharest, Romania Researcher, National Institute for Economic Research, MoldovaThe actuality of the given research is determined by the importance of establishing the adequatevolume of international reserves held by the Central Bank. The main purpose of the article is investigationof new methods of calculating the adequate level of international reserves for emerging economies,proposed by the IMF and those existing in international practice. The main research methods weresystemic analysis and logic synthesis. The main result obtained in this article, as a result of the research,is proposing a special approach in applying the IMF methodology in the Republic of Moldova,considering the dependence of the economy on the export of labor. The conducted calculations show asignificant decrease in the level of international reserves of NBM over the past two years and theirapproach to the critical value. To overcome internal imbalances, the international reserves managementshould suppose the accumulation of a higher volume than the average, which would partly compensate theshortcomings in implementing reforms of transforming the economy of the Republic of Moldova,improving their efficiency and quality of domestic policy.https://ince.md/uploads/files/1503560022_6-iordachi.pdfeconomic growthreserve assetscentral bankofficial foreign exchange reservescapital adequacybroad moneyshort-term debtInternational Monetary Fund. |
| spellingShingle | Victoria IORDACHI Mariana Rodica TIRLEA Tatiana PETROVA, INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA Economy and Sociology economic growth reserve assets central bank official foreign exchange reserves capital adequacy broad money short-term debt International Monetary Fund. |
| title | INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA |
| title_full | INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA |
| title_fullStr | INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA |
| title_full_unstemmed | INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA |
| title_short | INTERNATIONAL RESERVES MANAGEMENT IN THE REPUBLIC OF MOLDOVA |
| title_sort | international reserves management in the republic of moldova |
| topic | economic growth reserve assets central bank official foreign exchange reserves capital adequacy broad money short-term debt International Monetary Fund. |
| url | https://ince.md/uploads/files/1503560022_6-iordachi.pdf |
| work_keys_str_mv | AT victoriaiordachi internationalreservesmanagementintherepublicofmoldova AT marianarodicatirlea internationalreservesmanagementintherepublicofmoldova AT tatianapetrova internationalreservesmanagementintherepublicofmoldova |