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Former Yugoslav Republic of Macedonia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, Monetary and Financial Policy Transparency, and Anti-Money Laundering and Combating the Financing of Terrorism

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  • International Monetary Fund

Abstract

The financial system remains vulnerable to weak governance in smaller banks and also to weaknesses in banks’ balance sheets. Banking is characterized by high real interest rates, large spreads, and a limited appetite for lending. Stress tests indicate that the banking system is relatively resilient to the direct effects of individual shocks, with credit risk having the greatest impact. Deficiencies in the framework for banks’ liquidity management are developmental in nature but need to be addressed to avoid systemic problems.

Suggested Citation

  • International Monetary Fund, 2003. "Former Yugoslav Republic of Macedonia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, ," IMF Staff Country Reports 2003/374, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2003/374
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    Cited by:

    1. World Bank, 2004. "Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum," World Bank Publications - Reports 14375, The World Bank Group.
    2. Fischer, Andreas M. & Isakova, Gulzina & Termechikov, Ulanbek, 2009. "Do FX traders in Bishkek have similar perceptions to their London colleagues?: Survey evidence of market practitioners' views," Journal of Asian Economics, Elsevier, vol. 20(2), pages 98-109, March.
    3. International Monetary Fund, 2014. "Ukraine: Staff Report for the 2013 Article IV Consultation and First Post-Program Monitoring," IMF Staff Country Reports 2014/145, International Monetary Fund.
    4. Teichmann, Fabian, 2013. "Why Ukraine, Romania and Kazakhstan have been outperformed by Russia and Poland," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 16(4), pages 487-502.

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