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Macroprudential Policies to Enhance Financial Stability in the Caucasus and Central Asia
Author:
Padamja Khandelwal null

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Ezequiel Cabezon null

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Mr. Sanan Mirzayev
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Rayah Al-Farah null

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Series:
Departmental Papers
Volume/Issue:
Volume 2022: Issue 006
Language:
English
Publication Date:
10 Mar 2022
DOI:
https://doi.org/10.5089/9798400201240.087
ISBN:
9798400201240
ISSN:
2616-5333
Pages:
54
Keywords:
Financial risks; financial supervision and regulation; macroprudential policy; credit cycles; CCA country; CCA economy; CCA contribution; economies of the Caucasus and Central Asia; credit downturn; banking sector crisis; credit cycle analysis methodology; Macroprudential policy; Credit; Credit gaps; Countercyclical capital buffers; Macroprudential policy instruments; 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.
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Limited economic diversification has made the economies of the Caucasus and Central Asia particularly vulnerable to external shocks. The economies in the region are heavily reliant on oil and mining exports as well as remittances. In some countries, tourism and capital flows also play a prominent role in aggregate economic activity.
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Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund