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Financial Sector Assessment : A Handbook

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  • World Bank
  • International Monetary Fund

Abstract

The experience of many countries around the world clearly shows that while financial sector development can spur economic growth, financial fragility and instability can seriously harm growth. Following the financial crises of the late 1990s, there has been increasing interest in the systematic assessment of the strengths and weaknesses of financial systems, with the ultimate goal of formulating appropriate policies to foster financial stability, and stimulate financial sector development. Consequently, there has been an increased demand from financial sector authorities in many countries, as well as from the Bank and International Monetary Fund (IMF) staff for information on key issues, and sound practices in the assessment of financial systems, and in the design of policy responses. This Handbook of Financial Sector Assessment is a response to this demand. The Handbook presents an overall analytical framework for assessing financial system stability and developmental needs, providing broad guidance on approaches, methodologies, and techniques of assessing financial systems. Although the Handbook draws substantially on Bank and IMF experience with the financial sector assessment programs (FSAPs), and from the broader policy and operational work in both institutions, it is designed for generic use in financial sector assessments, whether conducted by country authorities themselves, or by Bank and IMF teams. It is, therefore, hoped the Handbook will serve as an authoritative source on the objectives, analytical framework, and methodologies of financial sector assessments, as well as a comprehensive reference book for training on the techniques of such assessments.

Suggested Citation

  • World Bank & International Monetary Fund, 2005. "Financial Sector Assessment : A Handbook," World Bank Publications, The World Bank, number 7259, April.
  • Handle: RePEc:wbk:wbpubs:7259
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/7259/337970rev0Fina10Assessment01PUBLIC1.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Jeffrey Carmichael & Michael Pomerleano, 2002. "The Development and Regulation of Non-Bank Financial Institutions," World Bank Publications, The World Bank, number 15236, April.
    2. Pennacchi & Pennacchi, George, 1998. "Government guarantees on pension fund returns," Social Protection and Labor Policy and Technical Notes 20049, The World Bank.
    3. Johnson, Richard W. & Steuerle, Eugene, 2004. "Promoting work at older ages: the role of hybrid pension plans in an aging population," Journal of Pension Economics and Finance, Cambridge University Press, vol. 3(03), pages 315-337, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Miroslava Filipović, 2011. " Exigency Politics or New World Order?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 373-391, September.
    2. Zuzana Fungacova & Petr Jakubik, 2013. "Bank Stress Tests as an Information Device for Emerging Markets: The Case of Russia," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 63(1), pages 87-105, March.
    3. Martin Cihak, 2006. "How Do Central Banks Writeon Financial Stability?," IMF Working Papers 06/163, International Monetary Fund.
    4. Ali Choudhary & Amjad Ali & Shah Hussain & Vasco J. Gabriel, 2012. "Bank Lending and Monetary Shocks: Evidence from a Developing Economy," SBP Working Paper Series 45, State Bank of Pakistan, Research Department.
    5. Kiatchai Sophastienphong & Anoma Kulathunga, 2008. "Getting Finance in South Asia 2009," World Bank Publications, The World Bank, number 6546, April.
    6. Rita Babihuga, 2007. "Macroeconomic and Financial Soundness Indicators; An Empirical Investigation," IMF Working Papers 07/115, International Monetary Fund.
    7. Patrick Honohan & Thorsten Beck, 2007. "Making Finance Work for Africa," World Bank Publications, The World Bank, number 6626, April.
    8. Bandid Nijathaworn & Piti Disyatat, 2009. "The Pursuit of Monetary and Financial Stability in Emerging Market Economies," Chapters,in: Monetary Policy Frameworks for Emerging Markets, chapter 2 Edward Elgar Publishing.
    9. Tobias Knedlik & Rolf Scheufele, 2008. "Forecasting Currency Crises: Which Methods Signaled The South African Crisis Of June 2006?," South African Journal of Economics, Economic Society of South Africa, vol. 76(3), pages 367-383, September.
    10. repec:eee:quaeco:v:66:y:2017:i:c:p:192-201 is not listed on IDEAS
    11. Azad, Rohit & Bose, Prasenjit & Dasgupta, Zico, 2016. "Financial Globalisation and India: Internal and External Dimensions," MPRA Paper 63874, University Library of Munich, Germany.

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