Republic of Armenia: Financial System Stability Assessment
International Monetary Fund
No 2013/010, IMF Staff Country Reports from International Monetary Fund
Abstract:
Armenia’s growing financial system is dominated by banks, and its regulatory and supervisory system is robust. The Executive Board of the International Monetary Fund (IMF) has recommended the Central Bank of Armenia (CBA) to develop a program to gather information and monitor the hedging ability of borrowers. Liquidity requirements in foreign currency would be an important risk mitigant particularly because the CBA has a limited ability to extend foreign currency emergency liquidity assistance. Implementation of the pension reform in 2014 will bring additional investments to the market.
Keywords: ISCR; CR; CBA law; CBA board meetings; CBA regulation; CBA data; CBA staff members; problem bank; Insurance companies; Insurance; Loans; Commercial banks; Stress testing; Global (search for similar items in EconPapers)
Pages: 72
Date: 2013-01-11
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