Author/Editor: Shujing Li, Isabel K. Yan, Hamid Faruqee.

Release Date: February, 2004

Despite the liberalization of foreign portfolio investment around the globe since the early 1980s, the home-bias phenomenon is still found to exist. Using a relatively new IMF survey dataset of more...

Release Date: December, 2003

The main vulnerabilities in the financial sector can be found in the banking system and the social security fund (SSNIT). The Ghanaian financial sector is also confronted by a large number of more...

Release Date: December, 2003

The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering more...

Release Date: December, 2003

The financial system remains vulnerable to weak governance in smaller banks and also to weaknesses in banks’ balance sheets. Banking is characterized by high real interest rates, large spreads, more...

Release Date: November, 2003

The German financial system is complex and highly diversified. The second most important class of financial institutions is insurance and pension companies. Germany has taken steps to enhance more...

Release Date: November, 2003

This Financial System Stability Assessment paper for Ukraine reviews financial sector issues and highlights macroeconomic developments, vulnerabilities, and soundness of the financial system. It more...

Author/Editor: Michael Andrews.

Release Date: November, 2003

Bonds issued by the government or government agencies are often used to finance bank restructuring following a systemic crisis. Many conflicting considerations affect the design of the bonds used to more...

Release Date: October, 2003

The Financial System Stability Assessment of Mauritius assesses the standards and codes and the potential risks and vulnerabilities of the financial system. It summarizes the assessments of the more...

Release Date: October, 2003

Bolivia’s system to prevent and suppress money laundering fulfills most of the Financial Sanctions Related to Terrorism and Terrorist Financing (FATF) recommendations and applies to the more...

Release Date: September, 2003

The Japanese financial sector remains weak notwithstanding a series of policy measures. The Financial System Stability Assessment assesses Japan's financial stability and structural changes in the more...

Release Date: September, 2003

The report provides the details of the Malta Financial Stability Assessment (MFSA). It defines its roles, responsibilities, and objectives for financial policies. It reviews the reports on the more...

Author/Editor: Kevin Barnes, Ali M. Mansoor, Benjamin H. Cohen, Shinji Takagi.

Release Date: September, 2003

This report evaluates the role of the IMF in three capital account crises, in Indonesia (1997-98), Korea (1997-98), and Brazil (1998-99), and the lessons to be drawn from the experience. It also more...

Author/Editor: Marc Quintyn, David S. Hoelscher.

Release Date: August, 2003

Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin more...

Release Date: August, 2003

The staff report summarizes the financial sector issues of Tanzania. It assesses the overall stability and development issues, and provides an overview of the financial system highlighting its more...

Release Date: August, 2003

In recent years, the IMF has become deeply involved in the international movement to prevent the abuse of financial systems and to protect and enhance the integrity of the international financial more...

Release Date: July, 2003

The Financial System Stability Assessment of Morocco reviews the reform program that is aimed at establishing a modern, market-oriented financial system that optimizes the mobilization of savings and more...

Release Date: June, 2003

This paper evaluates key findings of the Financial System Stability Assessment for Hong Kong Special Administrative Region (SAR), including Reports on the Observance of Standards and Codes on Banking more...

Release Date: May, 2003

This paper presents key findings of the Financial System Stability Assessment for the Russian Federation. There are significant vulnerabilities and weaknesses in the financial sector, although given more...

Author/Editor: Richard Hemming, Axel Schimmelpfennig, Michael Kell.

Release Date: May, 2003

Fiscal problems have long been considered a central feature of financial--that is, currency, debt, and banking--crises. This paper addresses four questions: What are the fiscal causes of crises? more...

Release Date: April, 2003

This paper presents key findings of the Financial System Stability Assessment for Costa Rica. The Costa Rican financial system exhibits some immediate strengths deriving from an environment with more...