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Title: The impact of macroeconomic factors on non-performing loans in the Republic of Moldova
Authors: Clichici, Dorina
Colesnicova, Tatiana
Keywords: macroeconomic factors
banking system
nonperforming loans
imprumuturi neperformante
sistem bancar
factori macroeconomici
Issue Date: 2014
Publisher: ,,Victor Slăvescu” Centre For Financial And Monetary Research
Citation: CLICHICI, Dorina, COLESNICOVA, Tatiana. The impact of macroeconomic factors on non-performing loans in the Republic of Moldova. In: Journal of Financial and Monetary Economics. 2014, no. 1, pp. 73-78. ISSN 2392 – 9685.
Abstract: The purpose of this research is to estimate the impact of several macroeconomic variables on non-performing loans (NPLs) in the banking sector of the Republic of Moldova recently affected by global crisis. Using econometric multivariate linear regression analysis, we conclude that banking NPLs are affected nor only by distinctive features of the banking sector and the policy choices of each bank but also by macroeconomic environment: NPLs increase when GDP, exports, remittances decrease and when unemployment increases, however, our assumption about the relation between NPLs and private indebtedness has not been validated. We observed a substantial increase in the credit risk during the recent financial crisis period. Keywords: macroeconomic factors, banking system, nonperforming loans.
Description: Referinţe bibliografice: p. 78(10 titl.). JEL Classification: F41, G21, C51.
ISSN: 2392-9685
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