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

International Monetary Fund

No 2004/215, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper evaluates Pakistan’s Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. Major reforms in the financial sector have resulted in a more resilient and efficient financial system that is better placed to absorb significant macroeconomic shocks. Increased liquidity in the system has recently led to a rapid increase in credit to the private sector that could be problematic if sustained. The securities markets have benefited from recent reforms, but may be vulnerable to systemic risks.

Keywords: ISCR; CR; capital adequacy ratio; banking sector; interest rate; financial system; liquidity risk; exchange rate; bank lending; Commercial banks; Credit; Capital adequacy requirements; Legal support in revenue administration; Nonperforming loans (search for similar items in EconPapers)
Pages: 52
Date: 2004-07-22
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