Republic of Lithuania: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Insurance Regulation, and Payment Systems
IMF Staff Country Reports, February 8, 2002
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- Republic of Lithuania: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Insurance Regulation, and Payment Systems
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Bibliographic details
- Published: February 8, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451824049.002
Summary and key finding
- This paper presents key findings of the Financial System Stability Assessment for the Republic of Lithuania, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, Insurance Regulation, and Payment Systems.
- There appear to be no immediate threats to the stability of the bank-dominated financial system.
- Stability is attributed to:
- sound macroeconomic policies in the context of the currency board arrangement;
- vigorous structural and legal reforms in preparation for accession to the European Union;
- strong banking regulation and supervision.
Subject coverage and keywords
- Subject: Bank credit, Bank supervision, Banking, Commercial banks, Financial institutions, Financial markets, Financial regulation and supervision, Insurance, Insurance companies, Payment systems
- Keywords: bank director, Bank supervision, banking system, broad money, capital ratio, central bank, Commercial banks, CR, credit union, Eastern Europe, Europe, financial system, Insurance, Insurance companies, ISCR, monetary policy, Payment systems, risk management
Institutional context and implications
- Financial system is bank-dominated.
- Preparatory reforms cited relate to accession to the European Union.
- The currency board arrangement is identified as part of the macroeconomic policy framework supporting stability.
- Strong banking regulation and supervision are highlighted as stabilizing factors.
Republic of Lithuania: Financial System Stability Assessment (IMF Staff Country Report No. 2002/019, February 8, 2002).