Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons

August 1, 2000

Preview Citation

Format: Chicago

Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons, (USA: International Monetary Fund, 2000) accessed November 25, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

After several years of transition, major weaknesses in the banking and enterprise sectors remain the root cause of low growth. A large share of nonperforming assets in the portfolio of large banks, stemming from losses in the enterprise sector, has been a key impediment to financial sector development. The banking system has been crippled with low levels of intermediation, high cost of capital, severe lack of financial discipline, and poor allocation of credit. Reforms aimed at strengthening lending practices, encouraging foreign bank participation, improving bank supervision and, above all, a consolidation process that breaks away from the past are helping pave the path to economic recovery.

Subject: Bank deposits, Bank supervision, Banking, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Financial services, Foreign exchange, Money

Keywords: Assets equivalent, Balance sheet, Bank deposits, Bank supervision, Banking soundness, Banking supervision, Banking system assets, Banks discretion, Banks' liquidity needs, Commercial banks, Credit, Credit portfolio, Foreign exchange reserve, Founding capital, Illiquid bank, Liquidity needs, Liquidity position, Payment operation, Problem bank, WP

Publication Details

Pages:

33
Volume:

---
DOI:

---
Issue:

---
Series:

Working Paper No. 2000/145
Stock No:

WPIEA1452000
ISBN:

9781451856538
ISSN:

1018-5941

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Working Papers