IMF Staff Country Reports

Serbia and Montenegro: Serbia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems

March 7, 2006

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International Monetary Fund. Monetary and Capital Markets Department "Serbia and Montenegro: Serbia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems", IMF Staff Country Reports 2006, 096 (2006), accessed November 21, 2024, https://doi.org/10.5089/9781451833607.002

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Summary

This paper discusses key finding of the Assessment Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Payment Systems for Serbia. The assessment reveals that the transformation of Serbia’s financial system is bringing important benefits, but there are emerging signs that the rapid pace of credit growth is beginning to erode financial stability. The main potential threat to financial stability is indirect credit risk arising from the large share of bank lending effectively denominated in foreign exchange.

Subject: Banking, Commercial banks, Credit, Financial institutions, Foreign banks, Loans, Money, State-owned banks

Keywords: Bank, Bank capital, Bank credit, Bank intermediation, Bank liability, Bank management, Bank pyramid schemes, Central and Eastern Europe, Commercial banks, CR, Credit, Eastern Europe, Euro-denominated bank liability, Financial system, Foreign banks, Foreign currency, ISCR, Loans, Market, Market discipline of bank management, Market share, Monetary policy, NBS, Pyramid schemes, State bank, State-owned banks

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