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Costa Rica: Financial System Stability Assessment

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  • International Monetary Fund

Abstract

This paper presents key findings of the Financial System Stability Assessment for Costa Rica. The Costa Rican financial system exhibits some immediate strengths deriving from an environment with limited historic volatility and a predominant state participation in financial intermediation. Nonetheless, important underlying macroeconomic and structural tensions could undermine the stability of the system in the event of a major shock, or compromise its medium-term sustainability should tensions continue to accumulate. Main sources of tension on the macroeconomic front are a large fiscal deficit and a high public debt as well as a high and rising dollarization.

Suggested Citation

  • International Monetary Fund, 2003. "Costa Rica: Financial System Stability Assessment," IMF Staff Country Reports 2003/103, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/103
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16494
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    Cited by:

    1. Mircea Epure & Esteban Lafuente, 2015. "Monitoring bank performance in the presence of risk," Journal of Productivity Analysis, Springer, vol. 44(3), pages 265-281, December.
    2. Lafuente, Esteban & García-Cestona, Miguel Angel, 2019. "Managerial turnover and performance in outside boards: Ownership makes the difference," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 13(3), pages 2-27.
    3. Lafuente, Esteban & Vaillant, Yancy & Vendrell-Herrero, Ferran, 2019. "Conformance and performance roles of bank boards: The connection between non-performing loans and non-performing directorships," European Management Journal, Elsevier, vol. 37(5), pages 664-673.

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