This paper evaluates Pakistanas Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation. Major reforms in the financial sector have resulted in a more resilient and efficient financial system that is better placed to absorb significant macroeconomic shocks. Increased liquidity in the system has recently led to a rapid increase in credit to the private sector that could be problematic if sustained. The securities markets have benefited from recent reforms, but may be vulnerable to systemic risks.Notwithstanding the banksa#39; improved performance, the recent very rapid growth in bank credit to the private sector poses ... mortgages, and credit cards, which was negligible in the mid- 1990s, has risen to 12 percent of total bank credit (as ofanbsp;...
|Title||:||Pakistan: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the Following Topics: Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2004-07-22|