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The impact of operations with securities over the banks’ financial efficiency


Author: Iurie Ţîrdea
Degree:doctor of economics
Speciality: 08.00.10 - Finance; Monetary Economics; Credit
Year:2007
Scientific adviser: Angela Secrieru
doctor habilitat, professor, Academy of Economic Studies of Moldova
Institution:
Scientific council:

Status

The thesis was presented on the 24 August, 2007
Approved by NCAA on the 20 December, 2007

Abstract

Adobe PDF document – 0.32 Mb / in romanian

Thesis

CZU 336.717.063:336.763(478)(043)

Adobe PDF document 0.93 Mb / in romanian
152 pages

Keywords

securities, financial instruments, public offer, issuing marketing, financial efficiency, rate of rentability, asset quality, risk, liquidity, capital adquacy of capital, competitivness, investment operations, professional activity on the securities market

Summary

The goal and objectives of the present work are determined by the need of scientific approaching the impact of operations with securities over commercial banks’ activity in general, as well as over indicators that characterize the economic situation of a bank.

The thesis is dedicated to identifying particularities of banks’ operations with securities in Republic of Moldova, as a premise to increase the banks’ financial efficiency, evaluation of the impact of operation with securities over banks’ financial indicators, as well as the improvement of banking activity on the securities market, considering the actual tendencies in the banking sector and the modern competition requirements.

In the work actual tendencies of developing banking sector in the country and abroad are analyzed, as well as the criteria of a competitive bank are determined .

The dissertation analyzes international practice, as well as the laws of Republic of Moldova in the area of banks’ activities on the securities market.

The subjective and objective premises for a bank to adopt a decision for issuing securities are established as well as the advantages, the opportunities, the risks and the efficiency of issuing different types of securities by the banks are determined.

The work reveals banks’ activity on the securities market, including investment activity on the corporative securities market, primary dealer activity on the government securities market, as well as particularities of professional activities on the securities market held by the banks.

Banks’ risks of operations with securities are analyzed, as well as the necessity of banks’ activity on the securities market is proved. The impact of operations with securities over principal indicators of a bank is determined

The paper has an object of investigation the activity of certain banks from the Republic of Moldova; banking system and the securities market of the Republic of Moldova.

The formulated conclusions and proposals determine the practical significance of the thesis. Implementation of proposed recommendations may contribute to the improvement of banks’ activity.

The theoretical approaches and practical recommendations included in the thesis have been used in the activity of some banks from the country. The results of the investigations are being used in the educational process.