Playing Online Games
National Council for Eurasian and East European Research
Carnegie Research Fellowship Program
Research Paper
The International Investment Market and its Role in
Social Stability and Sustainable Development during
Financial Crises (evidence for the Republic of Moldova) by Olesea Melnicenco
May, 2010
Acknowledgement
I would like to express my gratitude to all those who gave me the possibility to complete this paper. I have to thank the University of Washington for the permission to do the necessary research work and the National Council for Eurasian and East
European Studies for financial and organizational support. I am deeply indebted to all people who have helped me during the Carnegie Research Fellowship Program, who donated their time and energy and deserve highest appreciation. Especially I am bound to my scientific adviser Mrs. Cathryn Dewenter, associate professor of finance at the Department of Finance and Business Economics of Foster Scholl of
Business who offered me priceless suggestions for the improvement of the paper and development of my research; to Dana Ponte – Senior Program Officer of NCEEER for support and encouragement; to Shoshana Billik and Alexei Kharlamov for useful advises before and after travelling to the USA. My special thanks to the Bacon and
Barnes families for their help and love, which enabled me to feel myself in Seattle as home and to my family and friends in Moldova and other countries for their unconditionally love and permanent support.
2
Abbreviations
FDI – Foreign Direct Investments
NBS – National Bureau of Statistics of the Republic of Moldova
MDL – Moldovan Lei (currency of Moldova)
USD – dollar of the United States of America
PI – Portfolio Investments
UN – United Nations
IMF – International Monetary Fund
OSCE – Organization for Security and Co-operation in Europe
NFII – new forms of international investments
ECB – European Central Bank
WP – working paper
DP – discussion
Carnegie Research Fellowship Program
Research Paper
The International Investment Market and its Role in
Social Stability and Sustainable Development during
Financial Crises (evidence for the Republic of Moldova) by Olesea Melnicenco
May, 2010
Acknowledgement
I would like to express my gratitude to all those who gave me the possibility to complete this paper. I have to thank the University of Washington for the permission to do the necessary research work and the National Council for Eurasian and East
European Studies for financial and organizational support. I am deeply indebted to all people who have helped me during the Carnegie Research Fellowship Program, who donated their time and energy and deserve highest appreciation. Especially I am bound to my scientific adviser Mrs. Cathryn Dewenter, associate professor of finance at the Department of Finance and Business Economics of Foster Scholl of
Business who offered me priceless suggestions for the improvement of the paper and development of my research; to Dana Ponte – Senior Program Officer of NCEEER for support and encouragement; to Shoshana Billik and Alexei Kharlamov for useful advises before and after travelling to the USA. My special thanks to the Bacon and
Barnes families for their help and love, which enabled me to feel myself in Seattle as home and to my family and friends in Moldova and other countries for their unconditionally love and permanent support.
2
Abbreviations
FDI – Foreign Direct Investments
NBS – National Bureau of Statistics of the Republic of Moldova
MDL – Moldovan Lei (currency of Moldova)
USD – dollar of the United States of America
PI – Portfolio Investments
UN – United Nations
IMF – International Monetary Fund
OSCE – Organization for Security and Co-operation in Europe
NFII – new forms of international investments
ECB – European Central Bank
WP – working paper
DP – discussion