Macroprudential Policy and Financial Stability in the Arab Region
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Several characteristics of the structure of the Arab economies, their economic policy framework, and their banking systems make macroprudential policy a particular relevant tool. For most oil exporters, heavy reliance on the extractive sector for generating fiscal revenues and export earnings translates into increased vulnerabilities to oil price shocks. In the case of oil importers, relatively small external and fiscal buffers make them highly vulnerable to shocks. This paper discusses the experience of Arab countries in implementing macroprudential policies and contains recommendations to strengthen their macroprudential framework.
Series:
Working Paper No. 2016/098
Subject:
Banking Credit Financial sector policy and analysis Financial sector stability Macroprudential policy Macroprudential policy instruments Money Systemic risk
English
Publication Date:
May 20, 2016
ISBN/ISSN:
9781484361641/1018-5941
Stock No:
WPIEA2016098
Pages:
57
Please address any questions about this title to publications@imf.org