Macroprudential policies for a resource rich economy : the case of Mongolia /

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Bibliographic Details
Author / Creator:Maino, Rodolfo, 1961-
Imprint:[Washington, D.C.] : International Monetary Fund, ©2013.
Description:1 online resource (46 pages) : color illustrations
Language:English
Series:IMF working paper ; WP/13/18
IMF working paper ; WP/13/18.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12501499
Hidden Bibliographic Details
Other authors / contributors:Imam, Patrick.
Ojima, Yasuhisa.
International Monetary Fund. Asia and Pacific Department.
ISBN:9781475515534
1475515537
9781475588613
1475588615
9781475594881
1475590571
9781475590579
1299264573
9781299264571
Notes:Title from PDF title page (IMF Web site, viewed Feb. 4, 2013).
"Asia and Pacific Department."
"January 2013"--Page 2 of pdf.
Includes bibliographical references (pages 45-46).
English.
Summary:"This paper explores the extent to which macroprudential tools can be used to manage banking sector risks in Mongolia, a commodity producing country exposed to both procyclical and cross-sectional financial sector risks. Loose fiscal policy, rising credit activity, and heightened risk appetite -- attributable to the commodity boom -- are fuelling price volatility in asset markets, posing significant risks to financial stability if left unchecked. Rising interconnectedness, potential increase in dollarization and concentrated exposures are compounding those risks. Macroprudential tools can complement fiscal and monetary policy adjustments to avoid the buildup of vulnerabilities in the banking sector"--Abstract.
Other form:1-4755-9488-7
Standard no.:10.5089/9781475515534.001