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- W2184115485 abstract "It is generally agreed that the robustness and stability of the financial system is a prerequisite for sustainable economic growth. However, the financial crises witnessed in the past decades were very often the product of unpleasant surprises. That is why the international financial community is paying more attention to how to construct early warning indicators so as to minimise the likelihood of another major financial crisis in the globe. The International Monetary Fund (IMF) initiated the work on macroprudential indicators in the late 1990s, and after years of discussions with experts and academia, finally came up with the Financial Soundness Indicators (FSI), which are applied to measuring the vulnerability of a financial system. Based on the work pioneered by the IMF on the FSIs, this paper attempts to examine the current status of the local financial system. It is shown that Macao’s financial system is basically solid and robust." @default.
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- W2184115485 date "2003-01-01" @default.
- W2184115485 modified "2023-09-27" @default.
- W2184115485 title "The Financial Soundness Indicators of Macao" @default.
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