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Book Cover
E-book
Author Department, International Monetary Fund. Monetary and Capital Markets

Title Georgia
Published Washington : International Monetary Fund, 2014

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Description 1 online resource (64 pages)
Series IMF Staff Country Reports ; v. Country Report No. 14/355
IMF Staff Country Reports
Contents Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; TABLES; 1. Key Recommendations; MACROECONOMIC ENVIRONMENT AND FINANCIAL SECTOR STRUCTURE; A. Macroeconomic Setting and Outlook; B. Financial Sector Structure; 2. Structure of the Financial System, 2010-13; FINANCIAL STABILITY; A. Risks and Vulnerabilities; 3. Financial Soundness Indicators, 2010-13; FIGURES; 1. Commercial Bank Liquidity and Funding; 2. Commercial Bank Asset Quality; 3. Credit to the private sector and Credit-to-GDP Gap; BOXES; 1. Nonresident Deposits in Georgian Banks; 2. How Did the Banking Sector Cope with the 2008 Dual Shocks?
B. Banking Sector Resilience4. The 2008 Dual Shocks and the Banking Sector; 5. Comparing Stress Test Results; C. Mitigation of Key Risks; FINANCIAL SECTOR OVERSIGHT AND GOVERNANCE; A. Commercial Banking; B. Capital Markets; C. Insurance; D. Anti-Money Laundering and Combating the Financing of Terrorism; MACROPRUDENTIAL POLICIES; SAFETY NETS AND CRISIS MANAGEMENT; A. Emergency Liquidity Assistance; B. Bank Resolution; C. Deposit Insurance; D. Crisis Preparedness and Management; FINANCIAL SECTOR DEVELOPMENT; 6. Stock Exchange: Number and Value of Trades; 4. Selected Economic Indicators, 2008-15
5. Risk Assessment Matrix6. Status of 2007 FSAP Recommendations; APPENDIX; I. Stress-Testing Scenarios and Methodologies; 7. Summary Compliance with the Basel Core Principles; BASEL CORE PRINCIPLES FOR EFFECTIVE BANKING SUPERVISION; A. Introduction; B. Information on the Methodology Used for Assessment; ANNEX; I. Report on the Observance of Standards and Codes-Summary Assessments; C. Main Findings; 8. Recommendation Improve Compliance with the Basel Core Principles
Summary This paper discusses findings of the Financial System Stability Assessment for Georgia. Georgia has weathered several shocks, but still faces a number of important risks. The economy has withstood well the conflict with Russia, the global financial crisis, and domestic political uncertainty. Significant steps have been taken to strengthen banking regulation and supervision, which exhibit a very high degree of compliance with international standards. The National Bank of Georgia has also introduced an advanced risk-based supervisory regime while maintaining a conservative approach aimed at dete
Notes Print version record
Subject International Monetary Fund -- Georgia
SUBJECT International Monetary Fund fast
Subject Banks and banking -- Georgia
Banks and banking -- State supervision -- Georgia
Financial risk management -- Georgia
Crisis management -- Economic aspects -- Georgia
Money laundering -- Georgia -- Prevention
Finance -- Law and legislation -- Georgia
Economic development -- Georgia
Banks and banking
Banks and banking -- State supervision
Economic development
Economic policy
Finance -- Law and legislation
Financial risk management
Money laundering -- Prevention
SUBJECT Georgia -- Economic policy
Subject Georgia
Form Electronic book
ISBN 9781498357395
1498357393
9781498341011
1498341012