Czech Republic : Technical Note on Macroprudential Policy Framework.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/175

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Czech Republic.

Fiscal policy.

Czech Republic--Economic policy.

Czech Republic.

Physical Description:

1 online resource (24 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

This technical note examines the macroprudential policy framework in the Czech Republic. The Czech National Bank (CNB) has been actively developing its macroprudential policy framework for some time, including most recently the establishment of a separate Financial Stability Department. The authorities’ first line of defense against threats to financial stability has been sound macroeconomic policies. The Czech financial system overall appears stable. Stress tests indicate that banks would have sufficient capital and liquidity buffers to withstand a double-dip recession.

Contents:

Cover; Contents; Glossary; I. Background; Figures; 1. Net Capital Flows; 2. Net Capital Flows; 3. Interest Rate Differentials vs Euro Rates; 4. FX and FX-indexed Loans as a Share of Private Sector Credits; 5. Real Credit Growth to the Private Sector; 6. Real House Prices in the Region; II. Systemic Risk Analysis; III. Possible Macroprudential Instruments to Mitigate Systemic Risks; Boxes; 1. Monitoring Systemic Risk at the CNB; 7. Illustrative Example for the Computation of Required Countercyclical Capital Buffers; 2. Countercyclical Capital Buffer for Czech Banks; Tables

1. Cross-Country Examples of LTV LimitsIV. Institutional Design; 2. Summary of Recommendations; Annex; I. New Zealand: Institutional Frameworks for Financial Stability

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475522198

1475522193

9781475518917

1475518919