Hidden Bibliographic Details
| Varying Form of Title: | Financial sector assessment program update : Republic of Cyprus : technical note : measuring banking stability in Cyprus
Measuring banking stability in Cyprus
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| Other authors / contributors: | International Monetary Fund. Monetary and Capital Markets Department.
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| ISBN: | 9781451809961
1451809964
9781451879001
1451879008
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| Notes: | Cover title.
"May 2009."
Includes bibliographical references (pages 62-65).
Print version record.
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| Summary: | Various indicators place Cyprus's banking system soundness ahead of emerging countries but behind advanced economies. This report discusses financial sector stability in Cyprus, using a combination of accounting-based and market-based indicators, and stress tests. Cypriot commercial banks are weaker than their counterparts in Greece and also less stable than cooperative banks in Cyprus. Credit risk appears as the main source of risk in the banking sector, with demand for real estate slowing, declining property price growth as well as Cyprus's high household indebtedness.
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| Other form: | Cyprus. Washington, D.C. : International Monetary Fund, ©2009
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