Former Yugoslav Republic of Macedonia : Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, Monetary and Financial Policy Transparency, and Anti-Money Laundering and Combating the Financing of Terrorism

Author/Editor:

International Monetary Fund

Publication Date:

December 2, 2003

Electronic Access:

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Summary:

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, and a limited appetite for lending. Stress tests indicate that the banking system is relatively resilient to the direct effects of individual shocks, with credit risk having the greatest impact. Deficiencies in the framework for banks’ liquidity management are developmental in nature but need to be addressed to avoid systemic problems.

Series:

Country Report No. 03/374

Subject:

English

Publication Date:

December 2, 2003

ISBN/ISSN:

9781451826081/1934-7685

Stock No:

1MKDEA0042003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

45

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