FinObservatory

Crisis atlas / MDA

Moldova

7 distinct crisis events in 2 episodes, 19992018, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

5
Banking crises
1
Currency crises
1
Sovereign debt crises
7
Crisis events
1999–2018
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2018
    Bankinglaeven_valencia1 source
  2. 2017
    Bankinglaeven_valencia1 source
  3. 2016
    Bankinglaeven_valencia1 source
  4. 2015
    Bankinglaeven_valencia1 source
  5. 2014
    Bankinggmd, laeven_valencia2 sources
  6. 2002
    Sovereign debtgmd, laeven_valencia2 sources
  7. 1999
    Currencygmd, laeven_valencia2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1999–2002

CurrencySovereign debt
Inflation (% y/y)
0200400199419992007
Policy rate (%)
0102030199419992007
Govt debt (% of GDP)
0100200199419992007

2014–2018

BankingFiscal cost 11.7% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
0102030200920142023
Policy rate (%)
01020200920142023
Govt debt (% of GDP)
0204060200920142023

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology