Departmental Papers

Macroprudential Policies to Enhance Financial Stability in the Caucasus and Central Asia

By Padamja Khandelwal, Ezequiel Cabezon, Sanan Mirzayev, Rayah Al-Farah

March 10, 2022

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Format: Chicago

Padamja Khandelwal, Ezequiel Cabezon, Sanan Mirzayev, and Rayah Al-Farah. Macroprudential Policies to Enhance Financial Stability in the Caucasus and Central Asia, (USA: International Monetary Fund, 2022) accessed December 4, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Limited economic diversification has made the economies of the Caucasus and Central Asia particularly vulnerable to external shocks. The economies in the region are heavily reliant on oil and mining exports as well as remittances. In some countries, tourism and capital flows also play a prominent role in aggregate economic activity.

Subject: Countercyclical capital buffers, Credit, Credit gaps, Financial regulation and supervision, Financial sector policy and analysis, Macroprudential policy, Macroprudential policy instruments, Monetary policy, Money

Keywords: Banking sector crisis, CCA contribution, CCA country, CCA economy, Central Asia and the Caucasus, Countercyclical capital buffers, Credit, Credit cycle analysis methodology, Credit cycles, Credit downturn, Credit gaps, Economies of the Caucasus and Central Asia, Financial risks, Financial supervision and regulation, Macroprudential policy, Macroprudential policy, Macroprudential policy instruments

Publication Details

  • Pages:

    54

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Departmental Paper No 2022/006

  • Stock No:

    MPEFSCCAEA

  • ISBN:

    9798400201240

  • ISSN:

    2616-5333