IMF Staff Country Reports

Costa Rica: Financial System Stability Assessment

April 17, 2003

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Costa Rica: Financial System Stability Assessment", IMF Staff Country Reports 2003, 103 (2003), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781451809640.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

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.

Subject: Banking, Commercial banks, Financial institutions, Financial markets, Financial services, Legal support in revenue administration, Offshore financial centers, Payment systems, Revenue administration, State-owned banks

Keywords: Assessment system, Banco de Costa Rica, Bank rating scheme, Bank supervision, Banking system, Central America, Commercial banks, CR, Financial system, Intervened bank, ISCR, Legal support in revenue administration, Monetary policy, Money market, Offshore bank, Offshore financial centers, Payment systems, Public bank, State-owned banks

Publication Details

You May Also Be Interested In...

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

Growth Convergence and Public Finances of India and its States

November 15, 2024

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024

Colombia: Technical Assistance Report-Report on the Mineral Asset Accounts and Carbon Footprints Mission (May 20–24, 2024)

November 8, 2024