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

September 30, 2021

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Format: Chicago

Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization, (USA: International Monetary Fund, 2021) accessed November 15, 2024

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.

Subject: Currencies, Dollarization, Financial sector policy and analysis, Foreign exchange, International organization, Macroprudential policy, Macroprudential policy instruments, Monetary policy, Money

Keywords: Central Asia and the Caucasus, Currencies, D. assessment, DE-dollarization policy, Deposit dollarization, Dollarization, E. Policy recommendation, Eastern Europe, Global, Loan dollarization, Macroprudential policy, Macroprudential policy instruments

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/220
Stock No:

1GEOEA2021004
ISBN:

9781557753533
ISSN:

1934-7685

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