Keywords
Financial Stability Report; Financial Supervision
Abstract
Many countries in Latin America and the Caribbean now publish financial stability reports. They use FSRs as a tool for financial surveillance and communication. This study reviews their latest issues to assess their content, quality, and transparency, and the extent to which the country’s macrofinancial and institutional context affect the quality of the publications. 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.
Acknowledgments
The views expressed in this paper are those of the authors and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Recommended Citation
Lim, C. H., Klemm, A. D., Ogawa, S., Pani, M., & Visconti, C. (2024). Financial Stability Reports in Latin America and the Caribbean. Journal of Banking and Financial Economics, 2019(11), 46-78. https://doi.org/10.7172/2353-6845.jbfe.2019.1.3
First Page
46
Last Page
78
Page Count
33
Received Date
7 February 2018
Revised Date
11 November 2018
Accept Date
17 December 2018
Online Available Date
30 January 2019
DOI
10.7172/2353-6845.jbfe.2019.1.3
JEL Code
G01; G18; G28
Publisher
University of Warsaw