Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2021/220

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (40 pages)

Other Title:

Georgia

Place of Publication:

Washington, D.C. : International Monetary Fund, 2021.

Summary:

Since the 2015 FSAP, the NBG has significantly strengthened its institutional framework for macroprudential policy and put in place a comprehensive toolkit. Among other reforms, to strengthen the transparency of and accountability for macroprudential policy, the NBG published its Macroprudential Policy Strategy in 2019, which sets out five intermediate objectives: (i) mitigating and preventing excessive credit growth and leverage; (ii) mitigating and preventing excessive maturity mismatch and market illiquidity; (iii) limiting direct and indirect exposure concentrations; (iv) limiting the systemic impact of misaligned incentives with a view to reducing moral hazard; and (v) reducing dollarization of the financial system.

Notes:

Description based on print version record.

ISBN:

9781557754356

1557754357