Financial Stability Reports in Latin America and the Caribbean
Financial Stability Reports in Latin America and the Caribbean
Author(s): Cheng Hoon Lim, Alexander Klemm, Sumiko Ogawa, Marco Pani, Claudio ViscontiSubject(s): Economy, Business Economy / Management, Financial Markets
Published by: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
Keywords: Financial Stability Report; Financial Supervision
Summary/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, forwardlooking, 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
Journal: Journal of Banking and Financial Economics
- Issue Year: 11/2019
- Issue No: 1
- Page Range: 46-78
- Page Count: 33
- Language: English