Georgia: Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization

Financial Sector Assessment Program-Technical Note-Macroprudential Policies and De-Dollarization

Volume/Issue: Volume 2021 Issue 220

Publication date: September 2021

ISBN: 9781557753533

$5.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	Paperback	PDF	ePub
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , International - Economics , DE-dollarization policy , loan dollarization , D , assessment , E , Policy recommendation , deposit dollarization , Dollarization , Currencies , Macroprudential policy , Macroprudential policy instruments , Global , Central Asia and the Caucasus , Eastern Europe

Also of interest

Peru

Grenada

Nepal

Peru

Summary

Since the 2015 FSAP, the NBG has significantly strengthened its institutional framework for macroprudential policy and put in place a comprehensive toolkit. Among other reforms, to strengthen the transparency of and accountability for macroprudential policy, the NBG published its Macroprudential Policy Strategy in 2019, which sets out five intermediate objectives: (i) mitigating and preventing excessive credit growth and leverage; (ii) mitigating and preventing excessive maturity mismatch and market illiquidity; (iii) limiting direct and indirect exposure concentrations; (iv) limiting the systemic impact of misaligned incentives with a view to reducing moral hazard; and (v) reducing dollarization of the financial system.