Financial Stability Reports in Latin America and the Caribbean
IMF Working Papers, March 28, 2017
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- Financial Stability Reports in Latin America and the Caribbean
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Bibliographic details
- Authors: Cheng Hoon Lim, Alexander D Klemm, Sumiko Ogawa, Marco Pani, Claudio Visconti
- Published: March 28, 2017
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781475589597.001
Key findings and analysis
- Many countries in Latin America and the Caribbean now publish financial stability reports.
- Review of the latest issues assesses content, quality, and transparency.
- While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences.
- Many reports could be improved by adopting a more comprehensive, forward-looking, and thematic assessment of financial stability.
- A well thought out communication strategy is important to enhance the impact of the reports, including:
- a regular and predictable publication schedule, and
- an easily accessible website.
- Data gaps, particularly at the disaggregated level, are material and need to be urgently addressed.
Policy recommendations and best practices
- Adopt a more comprehensive, forward-looking, and thematic assessment of financial stability.
- Strengthen communication strategies by ensuring:
- regular and predictable publication schedules, and
- easily accessible central bank/issuing authority websites for dissemination.
- Address material data gaps, with priority on disaggregated-level data to support analysis and transparency.
Subjects and analytical scope
- Subject areas covered: Banking; Economic sectors; Financial markets; Financial sector; Financial sector development; Financial sector policy and analysis; Financial sector stability; Financial stability assessment; Stress testing.
- Keywords highlighted in the study: authority; Caribbean; central bank; central bank website; Colombia economy; dollarized economy; economy; Financial sector; Financial sector development; Financial sector stability; Financial stability assessment; Financial Stability Report; Financial Supervision; FSRs.; Global; issuing authority; risk exposure; Stress testing; U.K. financial system; WP.
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- Financial Stability Reports in Latin America and the Caribbean