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Republic of Lithuania: Financial System Stability Assessment: Update

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  • International Monetary Fund

Abstract

Lithuania’s catch-up toward the European average has been impressive. This success has been coupled with the emergence of macroeconomic imbalances. The dominance of foreign-owned banks in the banking system constitutes both a source of strength and risk. Although stress tests indicate that the banking system is reasonably resilient to macroeconomic shocks, existing capital buffers might not be sufficient to cope with low probability extreme events, and strengthening the capital would be advisable. The government implemented a regulatory framework for Nonbank Financial Institution (NBFI) and a pension reform.

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  • International Monetary Fund, 2008. "Republic of Lithuania: Financial System Stability Assessment: Update," IMF Staff Country Reports 2008/137, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/137
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    1. Miguel A. Segoviano, 2006. "Portfolio Credit Risk and Macroeconomic Shocks: Applications to Stress Testing Under Data-Restricted Environments," IMF Working Papers 2006/283, International Monetary Fund.
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    Cited by:

    1. Cibotaru, Vitalie & Neumann, Rainer & Cuhal, Radu & Ungureanu, Mihai, 2011. "Identificarea regimului cursului de schimb valutar în republica moldova," MPRA Paper 32232, University Library of Munich, Germany.
    2. Vitalie Ciubotaru, 2012. "Identifying the De Facto Exchange Rate Regime for Moldova: A State-Space Approach," Discussion Papers in Economics and Business 12-10, Osaka University, Graduate School of Economics.
    3. International Monetary Fund, 2010. "The Credit Boom in the EU New Member States: Bad Luck or Bad Policies?," IMF Working Papers 2010/130, International Monetary Fund.

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