{
  "title": "Mongolia: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, May 13, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/mongolia-financial-system-stability-assessment-24851",
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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.",
  "sections": [
    {
      "heading": "Summary and Key Findings",
      "content": "- The Mongolian financial system is dominated by commercial banks.\n- The nonbank financial sector, including insurance and the stock market, is small.\n- The current level of dollarization exposes Mongolia’s financial system to risk.\n- Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis."
    },
    {
      "heading": "Financial Structure",
      "content": "- Dominant institution type: commercial banks.\n- Nonbank sector composition: insurance and the stock market (described as small)."
    },
    {
      "heading": "Risks and Vulnerabilities",
      "content": "- Dollarization: described as exposing Mongolia’s financial system to risk."
    },
    {
      "heading": "Development Bank of Mongolia",
      "content": "- The authorities are in the process of establishing the Development Bank of Mongolia as a state-owned limited liability company.\n- Recommendation: authorities should carefully consider the options for financing the Development Bank and their budget and other implications."
    },
    {
      "heading": "Subject Tags and Focus Areas",
      "content": "- Banking, Commercial banks, Credit risk, Deposit insurance, Financial crises, Financial institutions, Financial regulation and supervision, Loans\n\n---\n\n Content in this bundle\n\n- Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011\n  - Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/mongolia-financial-system-stability-assessment-24851/index.md)",
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    "Published: May 13, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455275519.002",
    "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.",
    "Aggregate financial soundness indicators for the banking system show a partial recovery from the crisis.",
    "Dominant institution type: commercial banks.",
    "Nonbank sector composition: insurance and the stock market (described as small).",
    "Dollarization: described as exposing 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.",
    "Recommendation: authorities should carefully consider the options for financing the Development Bank and their budget and other implications.",
    "**Mongolia: Financial System Stability Assessment; IMF Country Report 11/107; March 3, 2011**"
  ],
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