Suchergebnisse

This note discusses the stress tests that were carried out on Moldova's banking system as part of the 2014 financial sector assessment program (FSAP) update. The objective of this exercise was to assess the resilience of the banking system to major sources of risk. The stress tests were conducted in collaboration with the National Bank of Moldova (NBM), and complement other approaches, such as the analysis of financial indicators and the assessment of the quality of supervision. The stress tests focused on the banking system and covered all 14 banks operating in the country. Four macroeconomic scenarios were considered in the financial stability assessment. The stress tests include a comprehensive assessment of risk factors. Potential credit risk losses on the loan book represent the most important risk factor for the banking system. The stress tests also assessed the liquidity in foreign currency, and yielded similar results. However, there are a couple of banks whose ability to meet the liquidity norms is based on relatively large-scale cross-border interbank placements, and there are some doubts about the genuine liquidity of these positions. This note is structured as follows: section one gives executive summary; section two presents a brief description of the banking sector in Moldova and stress test coverage; section three describes the macroeconomic scenarios used in the stress tests; section four details the different methodologies used in the solvency stress tests; section five describes the liquidity stress tests; and section six concludes.

Although the Indian International Relations (IR) community has been actively engaged in self-reflection, this has not translated into greater contribution at the international level. Part of the answer lies in the way IR in India has grown—institutionally, pedagogically, academically and as a research activity. The article seeks to assess the strengths and weaknesses of IR teaching and research in India on the basis of three parameters, that is, the papers taught in the M.A. programmes, the themes of research at the doctoral level and publications by IR scholars in select journals. On the basis of the weaknesses identified, the article offers some recommendations, which the IR community in India can adopt.

The article makes a case for an intense engagement of international relations (IR) scholars in India with the global IR community, especially those specializing in IR theory. While India has increasingly been integrating itself in global economic and political orders, its IR scholar-ship is yet to get international recognition. This article outlines the structural and domestic causes for the relative absence of theoretical works in IR in India while emphasizing the need for rigorous theory-driven and theory-informed scholarship. It concludes by making eight recommendations for linking IR in India with the global IR scholarship, and offers specific areas where Indian scholars can contribute to puzzle and paradigm-driven IR scholarship.