Kingdom of the Netherlands-Aruba

نویسندگان

چکیده

This technical assistance report on Aruba highlights the financial stability diagnostic and scoping mission. The economy of is tourist dependent, which an important source vulnerability. major risk comes from lending. Banks are increasingly exposed to real estate market compete with nonregulated lenders. Residential house prices have increased significantly in some regions since start pandemic driven by strong demand nonresidential buyers as well higher construction costs due coronavirus disease-related supply constraints. future Financial Stability Department (FSD) advised develop a strategy Macroprudential Policy (MaP). Based macroprudential strategy, FSD should prepare methodology for introduction MaP instruments chosen ensure necessary preparations terms data collection this purpose. available Central Bank sufficient starting systemic monitoring, but gaps be addressed. monitoring development tools requires more granular, frequent, timely data.

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ژورنال

عنوان ژورنال: IMF country report

سال: 2023

ISSN: ['1934-7685', '2227-8907']

DOI: https://doi.org/10.5089/9798400242885.002