MAINTENANCE OF THE MOLDOVAN BANKING SECTOR STABILITY IN THE CONTEXT OF COVID-19 PANDEMIC

MAINTENANCE OF THE MOLDOVAN BANKING SECTOR STABILITY IN THE CONTEXT OF COVID-19 PANDEMIC

Anastasia BEJAN

The COVID-19 pandemic has distortedthe economic situation around the world,affecting the incomes of enterprises andconsumers. This fact also influences thefinancial situation of banks, given the keyrole of the banking system in accumulatingtemporarily free money from the economyand investing these resources in loans.In the current situation, the CentralBanks’ efforts from all over the world areaimed at ensuring the stability of the bankingsector, maintaining the financial intermediationand the functions of banks, aswell as mitigating the potential effects ofslowing economic growth.The present article examines themeasures taken by the Central Banks of theEuropean Union to mitigate the effects ofthe COVID-19 pandemic, the actions takenby the National Bank of Moldova in thiscontext and as well the measures needed tobe taken forwards by the commercial banksto preserve their capital and liquidity.

2020

covid-19, risk, stability, financial crisis, central bank, banking sector

Biotemas

Universidade Federal de Santa Catarina

Economics as a science