Cover Departmental Papers
Buy Book in Print
Managing Financial Sector Risks from the COVID-19 Crisis in the Caucasus and Central Asia
Author:
Iulia Ruxandra Teodoru
Search for other papers by Iulia Ruxandra Teodoru in
Current site
Google Scholar Close
and
Klakow Akepanidtaworn
Search for other papers by Klakow Akepanidtaworn in
Current site
Google Scholar Close
Series:
Departmental Papers
Volume/Issue:
Volume 2022: Issue 005
Language:
English
Publication Date:
10 Mar 2022
DOI:
https://doi.org/10.5089/9798400201189.087
ISBN:
9798400201189
ISSN:
2616-5333
Pages:
38
Keywords:
Financial risks; stress tests; financial supervision and regulation; CCA country; CCA banking systems; FX risk; CCA bank's capital adequacy ratios; FX-induced credit risk; Financial sector risk; Commercial banks; Credit risk; Nonperforming loans; Central Asia and the Caucasus
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (3.5 MB) Download Epub
The COVID-19 crisis raises the risk of renewed financial sector pressures in the Caucasus and Central Asia (CCA) region in the period ahead. Bank distress and its economic and fiscal fallout have been recurring features of many CCA countries, as seen after the global financial crisis and the 2014–15 oil price shock. Strong policy responses have delayed the full impact of the COVID crisis so far, but financial sector risks will increase once public support is phased out. If these risks are not preemptively addressed, banks’ ability to lend during the recovery phase could be impaired and there may be a need for costly public interventions, as in the past.
  • Collapse
  • Expand
Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund