Georgia: Financial System Stability Assessment

International Monetary Fund

No 2001/210, IMF Staff Country Reports from International Monetary Fund

Abstract: The Georgian financial system is small by international standards and by comparison with countries in the region. The vulnerabilities and policy challenges in the Georgian financial system are closely linked to the transitional stage of the economy. The legal framework governing the financial sector needs improvement. The assessment of compliance with the Basel Core Principles (BCP) for Effective Banking Supervision (EBS) found that while substantial advances in bank supervision have occurred during the past two to three years, there are several areas in need of improvement.

Keywords: ISCR; CR; banking system; central bank; foreign currency; monetary policy; U.S. dollar; exchange rate; country risk; Commercial banks; Basel Core Principles; Payment systems; Loans; Bank supervision; Europe (search for similar items in EconPapers)
Pages: 61
Date: 2001-11-26
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