| Description |
1 online resource (46 pages) : color illustrations |
| Series |
IMF working paper ; WP/13/18 |
|
IMF working paper ; WP/13/18.
|
| Contents |
Cover; Contents; I. Introduction; II. The Mongolian Context; Figures; 1. Output, Inflation, and Capital Flows; 2. Financial Intermediation; 3. Banking Soundness Map; III. Macro-Financial Linkages in Mongolia; A. Financial Stability Risk in Commodity-Producing Countries; 4. Natural Resources Giant; Boxes; 1. The Effects of Two Large Mining Projects; B. Overview of Risks in the Mongolian Financial System; 5. Impulse Response Functions; Tables; 1. Comparison of Macroprudential and Microprudential Regulation; 2. Policy Rate Pass-Through; C. Pro-Cyclical Systemic Risks |
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6. Time-Series Systemic RiskD. Cross-Sectional Systemic Risks; 7. Residential Mortgage Loan; 8. Cross-Sectional Systemic Risk; IV. Macroprudential Institutional Framework for Mongolia; A. Models Available; 3. Models of Macroprudential Institutions; B. Key Drivers for Effective Macroprudential Policy Arrangements; 9. Criteria for Effectiveness of Macroprudential Institutional Model; C. Way Forward for the Macroprudential Institution; 2. Monetary Policy Committee and Financial Stability Committee: Similarities and Differences; V. Macroprudential Instruments for Mongolia |
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A. Dampening Procyclicality4. Classification of Macroprudential Tools; 10. Simulating Dynamic Provisioning in Mongolia; B. Reducing Cross-Sectional Systemic Risk; 5. Dynamic Provisioning: A Vector Error Correction Model; 11. Interconnectedness; 12. Dollarization; C. Discretionary versus Automatic Measures; VI. Macroprudential and Monetary Policies: A Caveat; VII. Concluding Remarks; Appendix; References |
| Summary |
"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 |
| Notes |
Title from PDF title page (IMF Web site, viewed Feb. 4, 2013) |
|
"Asia and Pacific Department." |
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"January 2013"--Page 2 of pdf |
| Bibliography |
Includes bibliographical references (pages 45-46) |
| Notes |
English |
| Subject |
Banks and banking -- Mongolia -- Evaluation
|
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Banks and banking -- State supervision -- Mongolia
|
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Financial institutions -- Mongolia -- Evaluation
|
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Financial institutions -- State supervision -- Mongolia
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BUSINESS & ECONOMICS -- Banks & Banking.
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Banks and banking -- Evaluation
|
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Banks and banking -- State supervision
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Economic policy
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Financial institutions -- Evaluation
|
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Financial institutions -- State supervision
|
| SUBJECT |
Mongolia -- Economic policy
|
| Subject |
Mongolia
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| Form |
Electronic book
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| Author |
Imam, Patrick.
|
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Ojima, Yasuhisa.
|
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International Monetary Fund. Asia and Pacific Department.
|
| ISBN |
9781475515534 |
|
1475515537 |
|
9781475588613 |
|
1475588615 |
|
1475590571 |
|
9781475590579 |
|
1299264573 |
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9781299264571 |
|
