Mongolia : Financial System Stability Assessment.

The Mongolian financial system is dominated by commercial banks. The nonbank financial sector, including insurance and the stock market, is small. The current level of dollarization exposes Mongolia's financial system to risk. The authorities are in the process of establishing the Development B...

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Bibliographische Detailangaben
Körperschaft: International Monetary Fund
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2011.
Schriftenreihe:IMF Staff Country Reports; Country Report ; No. 2011/107
Online Zugang:Full text available on IMF
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520 3 |a The Mongolian financial system is dominated by commercial banks. The nonbank financial sector, including insurance and the stock market, is small. The current level of dollarization exposes Mongolia's financial system to risk. The authorities are in the process of establishing the Development Bank of Mongolia as a state-owned limited liability company. They should carefully consider the options for financing the Development Bank and their budget and other implications. Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis. 
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