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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Tác giả chính: Maino, Rodolfo
Tác giả khác: Imam, Patrick, Ojima, Yasuhisa
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2013.
Loạt:IMF Working Papers; Working Paper ; No. 2013/018
Truy cập trực tuyến:Full text available on IMF
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245 1 0 |a Macroprudential Policies for a Resource Rich Economy The Case of Mongolia /  |c Rodolfo Maino, Patrick Imam, Yasuhisa Ojima. 
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300 |a 1 online resource (47 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Imam, Patrick. 
700 1 |a Ojima, Yasuhisa. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/018 
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