IMF Staff Country Reports

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

September 12, 2008

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International Monetary Fund. Monetary and Capital Markets Department "Mongolia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Monetary Policy Transparency", IMF Staff Country Reports 2008, 300 (2008), accessed November 7, 2024, https://doi.org/10.5089/9781451826975.002

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Summary

This paper presents Mongolia’s Financial System Stability Assessment, including reports on the Observance of Standards and Code. The Mongolian financial system is developing and performing well, in line with the economy as a whole, but faces a number of challenges. There are signs that the economy is overheating and the country’s dependence on a relatively narrow range of commodity exports and the rapid credit growth are also sources of risk. Although the bank supervision framework is reasonably well developed, implementation needs to be strengthened.

Subject: Banking, Capital markets, Commercial banks, Financial institutions, Financial markets, Financial sector development, Loans, Mortgages

Keywords: Asset, Bank, Bank assets, BOM, BOM law amendment, BOM management, Capital markets, Commercial banks, CR, Credit risk, Development bank, Draft mortgage securitization law, Financial sector development, Global, ISCR, Loans, Market share, Mortgage lending, Mortgage market, Mortgage portfolio, Mortgages, Performing bank, Price, Return on equity

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