Mongolia : Financial System Stability Assessment

Author/Editor:

International Monetary Fund

Publication Date:

May 13, 2011

Electronic Access:

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Summary:

The Mongolian financial system is dominated by commercial banks. The nonbank financial sector, including insurance and the stock market, is small. The current level of dollarization exposes Mongolia’s financial system to risk. The authorities are in the process of establishing the Development Bank of Mongolia as a state-owned limited liability company. They should carefully consider the options for financing the Development Bank and their budget and other implications. Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis.

Series:

Country Report No. 11/107

Subject:

English

Publication Date:

May 13, 2011

ISBN/ISSN:

9781455275519/1934-7685

Stock No:

1MNGEA2011003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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