High capital inflows and rising vulnerabilities underscore the importance of a comprehensive approach to ensuring stability. Standard balance sheet indicators mask a substantial build-up of exposures to exchange rate, maturity, and rollover risks. Household balance sheet risks originate from currency mismatches owing to credit euroization. The fiscal balance has a strong and significant impact on the current account in Serbia. The model is broadly able to reproduce recent economic and policy developments in Serbia. The analysis indicates that privatization can result in sizable fiscal savings.The central bank could augment the information collected by the Credit Bureau with asset side data (e.g., on real estate prices from the National Mortgage ... Strengthening the dialogue between home and foreign supervisors, to facilitate cross-border ... 14a31. Chelsky, Jeff, and Elina Ribakova, 2007, aFinancial Dollarization in UkraineaRoots and Risks, a Ukraine Article IV 2007, Selected Issues Paper.
|Title||:||Republic of Serbia|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2008-02-05|