THE FINANCIAL SYSTEM CHALLENGES OF THE REPUBLIC OF MOLDOVA IN THE  PANDEMIC COVID 19 CONTEXT

Viorica Lopotenco

doi:10.31435/rsglobal_ijite/30092020/7170

THE FINANCIAL SYSTEM CHALLENGES OF THE REPUBLIC OF MOLDOVA IN THE PANDEMIC COVID 19 CONTEXT

Viorica Lopotenco PhD in Economics, Assistant Professor Republic of Moldova, Chisinau, Academy of Economic Studies of Moldova https://orcid.org/0000-0003-1296-1995

DOI: https://doi.org/10.31435/rsglobal_ijite/30092020/7170

Keywords: the health crisis caused by the COVID 19 pandemic, global financial conditions, international financial flows; CAGR

Abstract

This study's main objective is to analyze the challenges faced by the Republic of Moldova in the economic crisis, which was caused by the COVID 19 pandemic. The vulnerabilities of the Republic of Moldova's economy and especially its financial system are related mainly to the specifics of the country's economy, which is small, open, with a continuing current account deficit and a strong subordination to international financial flows.
This study's conclusions consist in the fact that the external risks related to the COVID19 pandemic can be transmitted in the economy of our country through two channels. First, due to uncertain financial conditions in the international economy, difficulties with international financing may arise. Secondly, the vulnerabilities in the economies of the Republic of Moldova's trading partners will undoubtedly influence the slowdown in exports of goods and services

References

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Baret, S., Celner, A., O’Reilly, M. & Shilling, M. COVID - 19 Potential Implications for the Banking and Capital Markets Sector. In: Maintaining Business and Operational Resilience. Deloitte Insights.

Tobias, A., Natalucci, F. COVID-19 Crisis Poses Threat to Financial Stability. (2020). [online]. Retrieved from https://blogs.imf.org/2020/04/14/covid-19-crisis-poses-threat-to-financial-stability/.

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Published

2020-09-02

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How to Cite

Lopotenco, V. (2020). THE FINANCIAL SYSTEM CHALLENGES OF THE REPUBLIC OF MOLDOVA IN THE PANDEMIC COVID 19 CONTEXT. International Journal of Innovative Technologies in Economy, (4(31). https://doi.org/10.31435/rsglobal_ijite/30092020/7170

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Issue

No 4(31) (2020): International Journal of Innovative Technologies in Economy

Section

Original Research Articles

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