{
  "title": "Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization",
  "publication": "IMF Staff Country Reports, September 30, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/09/29/georgia-financial-sector-assessment-program-technical-note-macroprudential-policies-and-de-470360",
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  "summary": "Since the 2015 FSAP, the NBG has significantly strengthened its institutional framework for macroprudential policy and put in place a comprehensive toolkit.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Since the 2015 FSAP, the NBG has significantly strengthened its institutional framework for macroprudential policy and put in place a comprehensive toolkit.\n- To strengthen transparency and accountability for macroprudential policy, the NBG published its Macroprudential Policy Strategy in 2019."
    },
    {
      "heading": "Macroprudential Policy Strategy — five intermediate objectives",
      "content": "- (i) mitigating and preventing excessive credit growth and leverage;\n- (ii) mitigating and preventing excessive maturity mismatch and market illiquidity;\n- (iii) limiting direct and indirect exposure concentrations;\n- (iv) limiting the systemic impact of misaligned incentives with a view to reducing moral hazard;\n- (v) reducing dollarization of the financial system."
    },
    {
      "heading": "Publication metadata and identifiers",
      "content": "- Title: Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization\n- Date: September 30, 2021\n- Pages: 40\n- Volume: 2021\n- Issue: 220\n- Series: Country Report No. 2021/220\n- DOI: https://doi.org/10.5089/9781557753533.002\n- Stock No: 1GEOEA2021004\n- ISBN: 9781557753533\n- ISSN: 1934-7685\n- Format options noted: Download PDF; More Formats on IMF eLibrary; Order a Print Copy"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Currencies, Dollarization, Financial sector policy and analysis, Foreign exchange, International organization, Macroprudential policy, Macroprudential policy instruments, Monetary policy, Money\n- Keywords: Central Asia and the Caucasus, Currencies, D. assessment, DE-dollarization policy, deposit dollarization, Dollarization, E. Policy recommendation, Eastern Europe, Global, loan dollarization, Macroprudential policy, Macroprudential policy instruments\n\nInternational Monetary Fund. Monetary and Capital Markets Department \"Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization\", IMF Staff Country Reports 2021, 220 (2021).\n\n---\n\n Content in this bundle\n\n- 1geoea2021004\n  - 1geoea2021004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1geoea2021004 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 30, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781557753533.002",
    "Since the 2015 FSAP, the NBG has significantly strengthened its institutional framework for macroprudential policy and put in place a comprehensive toolkit.",
    "To strengthen transparency and accountability for macroprudential policy, the NBG published its Macroprudential Policy Strategy in 2019.",
    "(i) mitigating and preventing excessive credit growth and leverage;",
    "(ii) mitigating and preventing excessive maturity mismatch and market illiquidity;",
    "(iii) limiting direct and indirect exposure concentrations;",
    "(iv) limiting the systemic impact of misaligned incentives with a view to reducing moral hazard;",
    "(v) reducing dollarization of the financial system.",
    "Title: Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization",
    "Date: September 30, 2021",
    "Pages: 40",
    "Volume: 2021",
    "Issue: 220",
    "Series: Country Report No. 2021/220",
    "DOI: https://doi.org/10.5089/9781557753533.002",
    "Stock No: 1GEOEA2021004",
    "ISBN: 9781557753533",
    "ISSN: 1934-7685",
    "Format options noted: Download PDF; More Formats on IMF eLibrary; Order a Print Copy",
    "Subject: Currencies, Dollarization, Financial sector policy and analysis, Foreign exchange, International organization, Macroprudential policy, Macroprudential policy instruments, Monetary policy, Money",
    "Keywords: Central Asia and the Caucasus, Currencies, D. assessment, DE-dollarization policy, deposit dollarization, Dollarization, E. Policy recommendation, Eastern Europe, Global, loan dollarization, Macroprudential policy, Macroprudential policy instruments",
    "**1geoea2021004**"
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