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CNAA / Theses / 2010 / June /

Peculiarities of implementing financial mechanisms in the Microfinance


Author: Mîrzac Viorica
Degree:doctor of economics
Speciality: 08.00.10 - Finance; Monetary Economics; Credit
Year:2010
Scientific adviser: Elena Fuior
doctor, professor, Cooperative Trade University of Moldova
Institution:
Scientific council:

Status

The thesis was presented on the 23 June, 2010
Approved by NCAA on the 6 October, 2010

Abstract

Adobe PDF document – 0.33 Mb / in romanian

Keywords

micfofinance, financial mechanism, financial and currency risks, sensitivity,GAP, provision, assessment of financial performances

Summary

The thesis consists of introduction, three chapters, conclusions and recommendations, bibliography of 218 titles, 34 annexes, 146 pages, including 50 charts and 18 tables. The results are published in 12 scientific works, 4 books.

Study field: microfinance industry in the Republic of Moldova, substantiation of basic directions regarding the implementation of financial mechanisms in order to assess financial risks and performances in the microfinance organizations from the Republic of Moldova. Purpose and objectives of the work: Determination of development tendencies of the microfinance industry from the Republic of Moldova, substantiation of basic directions regarding the implementation of financial management mechanisms of assets and liabilities, of financial risks, assessment of financial performances of microfinance institutions and elaboration of relevant proposals in view of their improvement.

Methodology of the scientific research is based on the methods of economicomathematical modelling, synthesis, economic analysis, economic comparisons, graphs and deduction.

Scientific newness and originality of the results consists of: development of financial management mechanisms of assets and liabilities as well as financial risks; design of loss assessment algorithm due to the credit risk, synthesis of the international experience and development of financial mechanism needed to evaluate financial performances of the microfinance institutions.

Theoretical significance is constituted of concepts and dedicated scientific works: theoretical and practical aspects of assets and liabilities management, financial mechanisms of financial and currency risk management, risk evaluation techniques.

Applied value of the work can be found in: practical appliance of recommendations regarding the implementation of financial mechanism to cover financial and currency risks, argument of necessity and importance of implementing financial mechanisms to evaluate risks and financial performances in the microfinance organizations from the Republic of Moldova.

Implementation of scientific results: recommendations elaborated in this thesis have been accepted and implemented in its activity by JV MFO Microinvest LLC from the Republic of Moldova.