IMF Staff Country Reports

Costa Rica: Technical Assistance Report-Macroprudential Policy and Modeling

December 11, 2012

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Costa Rica: Technical Assistance Report-Macroprudential Policy and Modeling, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Summary

This technical assistance project on macroprudential policy and modeling, which took place in August 2012, provided advice to the Costa Rican authorities on improving the institutional arrangements for conducting macroprudential policy, while also assessing the preconditions for dynamic loan-loss provisioning and improving the central bank’s macroeconomic projection model. Based on its analyses, the mission team specifically recommended establishing a financial stability unit in the central bank to strengthen systemic risk analysis, strengthening the coordination between supervisory agencies, enhancing the central bank’s quarterly macroeconomic projection model by integrating financial sector frictions and other elements, taking specific measures to enhance financial sector regulation, adopting a dynamic loan-loss provisioning to offset rising provisioning cost during economic downturns, and implementing specific macroprudential tools and policies to address financial system risks.

Subject: Financial regulation and supervision, Financial sector policy and analysis, Financial sector stability, International organization, Macroprudential policy, Monetary policy, Systemic risk, Systemic risk assessment

Keywords: Assistance mission, BCCR official, Financial sector oversight, Financial sector stability, Financial stability, Global, IMF's Monetary, Macroeconomic modeling, Macroprudential policy, Provisioning cost, Systemic risk, Systemic risk assessment, Systemic risk., World Bank staff

Publication Details

  • Pages:

    35

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/378

  • Stock No:

    1CRIEA2023004

  • ISBN:

    9798400259326

  • ISSN:

    1934-7685

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