Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency
IMF Staff Country Reports, September 12, 2008
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- Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency
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Bibliographic details
- Published: September 12, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826975.002
Executive summary and main findings
- The paper presents Mongolia’s Financial System Stability Assessment, including reports on the Observance of Standards and Code.
- The Mongolian financial system is developing and performing well, in line with the economy as a whole, but faces a number of challenges.
- There are signs that the economy is overheating.
- The country’s dependence on a relatively narrow range of commodity exports is a source of risk.
- Rapid credit growth is a source of risk.
- Although the bank supervision framework is reasonably well developed, implementation needs to be strengthened.
Risks and vulnerabilities
- Overheating of the economy.
- Concentration risk from dependence on a relatively narrow range of commodity exports.
- Rapid credit growth contributing to financial stability risks.
Bank supervision and implementation
- The bank supervision framework is described as reasonably well developed.
- Implementation of supervisory frameworks and practices needs to be strengthened.
Publication and metadata
- Publication title: Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency
- Publication date: September 12, 2008
- Series: Country Report No. 2008/300
- Issue: 300
- Volume: 2008
- Pages: 46
- DOI: https://doi.org/10.5089/9781451826975.002
- Stock No: 1MNGEA2008004
- ISBN: 9781451826975
- ISSN: 1934-7685
- Subjects: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Financial sector development, Loans, Mortgages
- Keywords: asset, bank, bank assets, BOM, BOM law amendment, BOM management, Capital markets, Commercial banks, CR, credit risk, development bank, draft mortgage securitization law, Financial sector development, Global, ISCR, Loans, market share, mortgage lending, mortgage market, mortgage portfolio, Mortgages, performing bank, price, return on equity
International Monetary Fund. Monetary and Capital Markets Department "Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency", IMF Staff Country Reports 2008, 300 (2008), accessed 9/12/2026, https://doi.org/10.5089/9781451826975.002