Romania: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Anti-Money Laundering and Combating the Financing of Terrorism, Monetary and Financial Policy Transparency

International Monetary Fund

No 2003/389, IMF Staff Country Reports from International Monetary Fund

Abstract: The program of budget restraint and reduction of the quasi-fiscal losses, supported by the IMF's Stand-By Arrangement, was successful in bringing domestic demand down to sustainable levels, lowering inflation, and narrowing the current account deficit. The stabilization effort was supported by the fiscal policy. A sensitivity analysis is used to assess banking sector vulnerabilities. The Deposit Guarantee Fund (DGF) is operating satisfactorily but will need to strengthen its resources considerably to provide a sufficient level of support. The insurance sector is small and underdeveloped.

Keywords: ISCR; CR; bank; loan; central bank; interest rate; banking system; exchange rate; bank governance; insolvent bank; sensitivity analysis; A. bank Performance; balance sheet; NBR regulation; bank liquidation agency; loss provision; bank capital; banking sector; Commercial banks; Loans; Credit; Foreign banks; Eastern Europe (search for similar items in EconPapers)
Pages: 43
Date: 2003-12-16
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