Financial Stability Reports in Latin America and the Caribbean

By Cheng Hoon Lim, Alexander D Klemm, Sumiko Ogawa, Marco Pani, Claudio Visconti

March 28, 2017

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Cheng Hoon Lim, Alexander D Klemm, Sumiko Ogawa, Marco Pani, and Claudio Visconti. Financial Stability Reports in Latin America and the Caribbean, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their content, quality, and transparency. While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences, and many reports could be improved by adopting a more comprehensive, forward-looking, and thematic assessment of financial stability. A well thought out communication strategy, including a regular and predictable publication schedule and an easily accessible website, is also important to enhance the impact of the reports. Data gaps, particularly at the disaggregated level, are material and need to be urgently addressed.

Subject: Banking, Economic sectors, Financial markets, Financial sector, Financial sector development, Financial sector policy and analysis, Financial sector stability, Financial stability assessment, Stress testing

Keywords: Authority, Caribbean, Central bank, Central bank website, Colombia economy, Dollarized economy, Economy, Financial sector, Financial sector development, Financial sector stability, Financial stability assessment, Financial Stability Report, Financial Supervision, FSRs., Global, Issuing authority, Risk exposure, Stress testing, U.K. financial system, WP

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2017/073
Stock No:

WPIEA2017073
ISBN:

9781475589597
ISSN:

1018-5941

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