IMPLICATIONS OF EXCESS LIQUIDITY FOR COMMERCIAL BANKS, CENTRAL BANK AND ECONOMIC GROWTH IN THE REPUBLIC OF MOLDOVA 

BELOBROV Angela, Academy of Economic Studies of Moldova

CARAGANCIU Anatolie, Lucian Blaga University of Sibiu, Faculty of Economic Sciences

Abstract:
This paper seeks to understand the causes and consequences of excess liquidity phenomenon in Moldovan banking system and national economy.  The main features of excess liquidity are their large size and riskiness, and the difficulties of managing them. The profitability of commercial banks was negatively affected by excess liquidities. The Central Bank ( named the National Bank of Moldova) revenues also were negatively affected because of consisted amount of interest that has being paid on monetary policy operations.

Keywords: excess liquidity, monetary policy, liquidity management

JEL Classification: B23, E5, G33

Volume: 71, Issue: 2

Pages: 8 - 23

Publication date: September , 2019

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/71201belobrov&caraganciu.pdf

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