Attestation committee
Accreditation committee
Expert committee
Dispositions, instructions
Normative acts
Nomenclature
Institutions
Scientific councils
Seminars
Theses
Scientific advisers
Scientists
Doctoral students
Postdoctoral students
CNAA logo

 română | русский | english


Vulnerability of the banking system in the Republic of Moldova to systemic risk


Author: Lopotenco Vadim
Degree:doctor of economics
Speciality: 08.00.10 - Finance; Monetary Economics; Credit
Year:2021
Scientific adviser: Victoria Cociug
doctor, associate professor (docent), Academy of Economic Studies of Moldova
Institution: Academy of Economic Studies of Moldova

Status

The thesis was presented on the 29 December, 2021 at the meeting of the Scientific Council and now it is under consideration of the National Council.

Abstract

Adobe PDF document1.23 Mb / in romanian
Adobe PDF document1.12 Mb / in romanian

Thesis

CZU 336.77(478)(043.3)

Adobe PDF document 5.16 Mb / in romanian
175 pages


Keywords

transparency, banking sector, vulnerability, money laundering, systemic risk, financial stability, volatility, financial shocks, contamination risk, crisis, banking regulation, Basel III, financial crisis, economic recovery, credit institution, credit risk, commercial bank

Summary

Annotation to the thesis for obtaining the scientific degree of Phd in economics "Vulnerability of the banking system in the Republic of Moldova to systemic risk" Lopotenco Vadim, Specialty: 522.01. Finance, Chisinau, 2020 Thesis structure: introduction, three chapters, general conclusions and recommendations, bibliography consisting of 190 titles, 13 annexes and is presented on 114 pages of basic text and contains 27 tables, 21 figures and 21 formulas. The research is reflected in 19 scientific publications. Keywords: transparency, banking sector, vulnerability, money laundering, systemic risk, financial stability, volatility, financial shocks, contamination risk, crisis, banking regulation, Basel III, financial crisis, economic recovery, credit institution, credit risk, commercial bank. Field of study: finance, banking. The purpose of the research is to identify, develop and apply the mechanism for managing the vulnerability of the banking sector in the Republic of Moldova to systemic risk. Research objectives: Researching the theoretical hypotheses on system crises, the criteria of vulnerability of the system and its components, formulating the opinion on determination of systemic risk and the vulnerability of the banking system; identification of new quantifiable components of vulnerability of a banking system, application of the evaluation model for identifying the degree of fragility of the domestic banking system; analysis of the international experience of systemic risk settlement with the possible transpositions of the positive results of these experiences in the recommendations regarding the management of the vulnerability of the domestic banking system; formulating the mechanism for diminishing the vulnerability of the banking system to systemic risk through supervision practices; setting macroprudential policy objectives by researching the connections between the banking system and the real economy. Possible mismatches between the two elements may be the result of errors in the areas of regulation and supervision of the banking sector, as well as changes in macroeconomic policies that generate imbalances turning systemic risk into economic crisis. The scientific novelty consists in: formulating a clear vision on the concept of systemic risk and the vulnerability of the banking system; identifying quantifiable criteria for vulnerability of the banking system, formulating a model for assessing this vulnerability with a proposal for its use in formulating banking supervision decisions; identifying the capacity of the banking system to absorb systemic risk, proposing efficient solutions for systemic risk management and reducing its effects on the economy; simulating the correlation between the degree of vulnerability of the banking system and the possibility of anticipating systemic risk with the identification of resistance limits for a set of indicators of financial stability of the banking system. The important scientific problem solved in the field of research consists in the scientific and methodological substantiation of the systemic risk management mechanism in the recovery of the banking sector in crisis situation, and the directions for solving the research problem will be focused on developing a system for diagnosing the situation. crisis and the peculiarities of crisis management based on systemic risk, as well as the development of systemic risk management models in the banking sector of the Republic of Moldova. The theoretical significance and applicative value of the thesis are determined by the research and development of the concepts of systemic risk and the vulnerability of the banking sector to systemic risk; elaboration of models for diagnosing the crisis situation within the banking sector; substantiation of the methodological peculiarities of the systemic risk in the recovery of the domestic banking sector; highlighting problems and restrictions in systemic risk management in the practice of the Republic of Moldova. The models proposed in the thesis will contribute to the efficiency of detecting crisis situations, locating the area of influence and finding solutions to overcome them. The results of the researches will be able to be used in the practical activity of the commercial banks, in the domestic banking sector, in the training system of the cadres from the national economy and of the students from the higher education institutions with economic profile, etc.