Financial Stability Reports in Latin America and the Caribbean

Cheng Lim, Alexander Klemm, Sumiko Ogawa, Marco Pani and Claudio Visconti

No 2017/073, IMF Working Papers from International Monetary Fund

Abstract: Many countries in Latin America and the Caribbean now publish financial stability reports. This study reviews their latest issues to assess their content, quality, and transparency. While some reports provide a strong analysis of risks and vulnerabilities, there are significant cross-country differences, and many reports could be improved by adopting a more comprehensive, forward-looking, and thematic assessment of financial stability. A well thought out communication strategy, including a regular and predictable publication schedule and an easily accessible website, is also important to enhance the impact of the reports. Data gaps, particularly at the disaggregated level, are material and need to be urgently addressed.

Keywords: WP; central bank; FSRs.; economy; authority; Financial Stability Report; Financial Supervision; dollarized economy; U.K. financial system; issuing authority; Colombia economy; central bank website; risk exposure; Financial sector stability; Stress testing; Financial sector; Financial stability assessment; Financial sector development; Caribbean; Global (search for similar items in EconPapers)
Pages: 41
Date: 2017-03-28
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Journal Article: Financial Stability Reports in Latin America and the Caribbean (2019)
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