Macroprudential policies for a resource rich economy :: the case of Mongolia /

"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...

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Bibliographische Detailangaben
1. Verfasser: Maino, Rodolfo, 1961-
Körperschaft: International Monetary Fund. Asia and Pacific Department
Weitere Verfasser: Imam, Patrick, Ojima, Yasuhisa
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2013.
Schriftenreihe:IMF working paper ; WP/13/18.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:"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.
Beschreibung:Title from PDF title page (IMF Web site, viewed Feb. 4, 2013).
"Asia and Pacific Department."
"January 2013"--Page 2 of pdf.
Beschreibung:1 online resource (46 pages) : color illustrations
Bibliographie:Includes bibliographical references (pages 45-46).
ISBN:9781475515534
1475515537
9781475588613
1475588615
1475590571
9781475590579
1299264573
9781299264571

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