Serbia and Montenegro: Serbia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems

Publication Date:

March 7, 2006

Electronic Access:

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Summary:

This paper discusses key finding of the Assessment Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems for Serbia. The assessment reveals that the transformation of Serbia’s financial system is bringing important benefits, but there are emerging signs that the rapid pace of credit growth is beginning to erode financial stability. The main potential threat to financial stability is indirect credit risk arising from the large share of bank lending effectively denominated in foreign exchange.

Series:

Country Report No. 2006/096

Subject:

Frequency:

Quarterly

English

Publication Date:

March 7, 2006

ISBN/ISSN:

9781451833607/1934-7685

Stock No:

1SCGEA2006002

Pages:

46

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