Macroprudential policies for a resource rich economy: the case of Mongolia
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Bibliographic Details
Main Author: Maino, Rodolfo (Author)
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] International Monetary Fund ©2013
Series:IMF working paper WP/13/18
Subjects:
Online Access:Volltext
Item Description:Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). - "Asia and Pacific Department.". - "January 2013"--Page 2 of pdf
"This paper explores the extent to which macroprudential tools can be used to manage banking sector risks in Mongolia, a commodity producing country exposed to both procyclical and cross-sectional financial sector risks. Loose fiscal policy, rising credit activity, and heightened risk appetite -- attributable to the commodity boom -- are fuelling price volatility in asset markets, posing significant risks to financial stability if left unchecked. Rising interconnectedness, potential increase in dollarization and concentrated exposures are compounding those risks. Macroprudential tools can complement fiscal and monetary policy adjustments to avoid the buildup of vulnerabilities in the banking sector"--Abstract
Includes bibliographical references (pages 45-46)
Physical Description:1 Online-Ressource (46 pages)
ISBN:9781475515534
1475515537

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