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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—attrib...

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Bibliographic Details
Main Author: Maino, Rodolfo
Other Authors: Imam, Patrick, Ojima, Yasuhisa
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Working Papers
Subjects:
Economic Policy
Depository Institutions
Commercial Banks
Credit
Banks
Finance
Banks And Banking
Financial Sector Stability
Financial Sector Policy And Analysis
Monetary Economics
Financial Institutions
General Financial Markets: Government Policy And Regulation
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Micro Finance Institutions
General Financial Markets: General (includes Measurement And Data)
Mortgages
Money
Systemic Risk
Financial Risk Management
Financial Institutions And Services: General
Financial Markets And The Macroeconomy
Financial Services Industry
Macroeconomics
Banking
Macroprudential Policy
Money And Monetary Policy
Finance: General
Mongolia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
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
Physical Description:47 pages
ISBN:9781475594881

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