Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency
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Summary:
This paper presents Mongolia’s Financial System Stability Assessment, including reports on the Observance of Standards and Code. The Mongolian financial system is developing and performing well, in line with the economy as a whole, but faces a number of challenges. There are signs that the economy is overheating and the country’s dependence on a relatively narrow range of commodity exports and the rapid credit growth are also sources of risk. Although the bank supervision framework is reasonably well developed, implementation needs to be strengthened.
Series:
Country Report No. 2008/300
Subject:
Banking Capital markets Commercial banks Financial institutions Financial markets Financial sector development Loans Mortgages
English
Publication Date:
September 12, 2008
ISBN/ISSN:
9781451826975/1934-7685
Stock No:
1MNGEA2008004
Pages:
46
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