Ecuador : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2015/290

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (54 pages)

Edition:

1st ed.

Other Title:

Ecuador

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Summary:

This Selected Issues paper presents an assessment of macro-financial stability in Ecuador. Ecuador is being hit by external shocks that imply a downward adjustment in growth and financial intermediation. The financial system has been liquid and well-capitalized through 2014, but recently pressures on liquidity positions as well as credit and interest risks have been on the rise. Although main financial stability indicators do not show signs of stress in the first half of 2015, the developments warrant close monitoring and rapid reactions if pressures continue.

Contents:

Cover

CONTENTS

ECUADOR: ASSESSMENT OF MACRO-FINANCIAL STABILITY

A. Background

B. Stylized Facts on the Structure and Performance of the Banking System

C. Main Elements of the Financial Safety Net

D. Assessment of Financial Stability in a Recent Downturn

E. Conclusions and Recommendations

FIGURES

1. Credit Portfolio Composition

2. Deposit and Credit Growth

3. Total System's Assets

4. Total System's Liabilities

5. Banks' Effective Lending Interest Rates by Type

6. Effective and Maximum Corporate and Consumer Lending Rates

7. Interest Rate Spread

8. Latin America Mortgage Credit

9. Selected Countries: Return on Assets

10. Return on Assets

11. Latin America: Selected Financial Indicators, 2014

12. FLFS and COSEDE Assets

13. COSEDE Investment Portfolio

14. Decomposition of NIR

15. Deposit Growth Contributions

16. Credit Growth Contributions

17. Short-Term Liquidity Ratio Distribution

18. NPLs by Loan Type and Real GDP Growth

19. NPLs by Loan Type and Bank

20. Selected Liquidity and Solvency Indicators

TABLES

1. Current and Maximum Interest Rates by Segment and Type

2. Liabilities Subject to Minimum Liquidity Requirement

3. Requirements on Investment of Liquidity

REFERENCES

ECUADOR'S EXTERNAL SECTOR ASSESSMENT

BOX

1. An Open Economy Model of the Current Account (OEM)

1. Real Exchange Rate Assessment Results for 2015 (In Percent)

2. EBA-Lite Models

3. CGER Inspired Models

4. Other Models

ECUADOR: COMPARING ECONOMIC EFFECTS OF EXTERNAL SHOCKS, 2008-09 AND 2014-15

B. Economic and Policy Response to the External Shocks

C. Conclusions

1. Effects of El Niño

THE PENSION SYSTEM IN ECUADOR

A. Introduction

B. Background

C. Long-term Fiscal Sustainability of the IESS Pension Scheme.

D. Reform Options

BOXES

1. Social Security Coverage in Ecuador

2. Ecuador: Demographic Outlook

3. Main Characteristics of the IESS Pension Regime

4. Main Staff Projection Assumptions

1. Pension Expenditure in Emerging Economies

2. Pension System Balance under a Baseline Scenario

APPENDIX

I. Ecuador versus Comparator Groups: Benchmarks of Key Indicators

References.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513508696

1513508695

9781513540450

1513540459

9781513597928

1513597922

OCLC:

946309070