Costa Rica: Financial System Stability Assessment
IMF Staff Country Reports, April 17, 2003
Source details
- Canonical URL
- Costa Rica: Financial System Stability Assessment
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Bibliographic details
- Published: April 17, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809640.002
Summary findings
- The paper presents key findings of the Financial System Stability Assessment for Costa Rica.
- The Costa Rican financial system exhibits immediate strengths deriving from:
- an environment with limited historic volatility, and
- a predominant state participation in financial intermediation.
- Important underlying macroeconomic and structural tensions could:
- undermine the stability of the system in the event of a major shock, or
- compromise its medium-term sustainability should tensions continue to accumulate.
- Main sources of tension on the macroeconomic front are:
- a large fiscal deficit,
- a high public debt, and
- a high and rising dollarization.
Context and classification
- Publication date: April 17, 2003
- Series: Country Report No. 2003/103
- IMF unit: IMF Staff Country Reports
- Subject tags: Banking, Commercial banks, Financial institutions, Financial markets, Financial services, Legal support in revenue administration, Offshore financial centers, Payment systems, Revenue administration, State-owned banks
- Keywords: assessment system, Banco de Costa Rica, bank rating scheme, bank supervision, banking system, Central America, Commercial banks, CR, financial system, intervened bank, ISCR, Legal support in revenue administration, monetary policy, money market, offshore bank, Offshore financial centers, Payment systems, public bank, State-owned banks
Content in this bundle
- Costa Rica: Financial System Stability Assessment - ISCR/03/103