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REGULAR PUBLICATIONS- MACROPRUDENTIAL ANALYSIS |
last update 5 June 2008.
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No. 5 - September 2007
No. 4 - December 2006
No. 3 - September 2006
No. 2 - December 2005
No. 1 - July 2005
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"Macroprudential Analysis" was
the regular CNB publication published since July 2005. It provided information
to the general public and the professional community on the functioning of the
Croatian financial system and its relations with the economy, the public sector
and the international environment. The focal point of "Macroprudential Analysis"
was the identification of the possibility for development of the financial
system in its main role of a reliable guardian of the national savings and an
efficient source of liquidity and capital. At the same time, "Macroprudential
Analysis" outlined difficulties and threats to this development due to
inevitable presence of many risks that financial intermediaries and all other
participants in the financial markets are exposed to in today's business
environment.
This publication also provided a link to other topics covered by some of the
older regular CNB publications, most notably the "CNB Bulletin" and "Banks
Bulletin" with the former covering mainly topics such as macroeconomic
developments and monetary policy and the latter covering changes in the
structure and the functioning of the banking system and its supervisory and
regulatory mechanisms. "Macroprudential Analysis" also covered other, as yet
uncovered topics, such as real sector indebtedness, functioning of the non-banking
financial intermediaries sector and the quality of the institutional framework
of the financial system.
Guidelines for the preparation and the definition of the macroprudential
analysis were outlined already back in 2000 in a publication entitled "Macroprudential
Indicators of Financial System Soundness" (IMF Occasional Paper, 192). The new
guidelines, on which the analysis given in this publication was mainly based,
were published in May 2003, in the IMF publication "Financial Soundness
Indicators – Background Paper".
The last issue of "Macroprudential Analysis" was published in December 2007,
after which the publication has been replaced by "Financial Stability".