IMF Staff Country Reports

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

December 2, 2003

Download PDF

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2003) accessed September 19, 2024

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank deposits, Banking, Commercial banks, Credit, Credit risk, Crime, Financial institutions, Financial regulation and supervision, Legal support in revenue administration, Money, Revenue administration

Keywords: A number of bank, Anti-money laundering and combating the financing of terrorism (AML/CFT), Bank lending, Bank liability, Bank supervisor, Central and Eastern Europe, Commercial banks, CR, Credit, Credit risk, Credit risk, Eastern Europe, Europe, Foreign currency, FYR Macedonia, Interest rate, ISCR, Legal support in revenue administration, Money market

Publication Details

  • Pages:

    45

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/374

  • Stock No:

    1MKDEA0042003

  • ISBN:

    9781451826081

  • ISSN:

    1934-7685

You May Also Be Interested In...

Bhutan: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bhutan

September 19, 2024

VITARA Reference Guide: Human Resource Management

September 17, 2024

Kingdom of the Netherlands-Curaçao and Sint Maarten: 2024 Article IV Consultation Discussions-Press Release and Staff Report

September 17, 2024

Guinea-Bissau: Sixth Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

September 16, 2024