The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Cheng Lim, Alexander Klemm, Sumiko Ogawa, Marco Pani, and Claudio Visconti
INTERNATIONAL MONETARY FUND
Many countries in Latin America and the Caribbean now publish financial stability
reports. This study reviews their latest issues to assess their content, quality, and
transparency. While some reports provide a strong analysis of risks and vulnerabilities,
there are significant cross-country differences, and many reports could be improved by
adopting a more comprehensive, forward-looking, and thematic assessment of financial
stability. A well thought out communication strategy, including a regular and predictable
publication schedule and an easily accessible website, is also important to enhance the
impact of the reports. Data gaps, particularly at the disaggregated level, are material and
need to be urgently addressed.