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Honduras : Upgrading the essential systems countering financial vulnerability in Honduras

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Title Honduras
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Sub Title

Upgrading the essential systems countering financial vulnerability in Honduras

Project Category Consulting Programs
Material Type Reports
Author(English)

Song, Joonhyuk et al.

Publisher

[Sejong]:Korea Development Institute

Date 2015
Project Consulting Programs
Series Title; No Knowledge Sharing Program / 2014/15
ISBN 978-89-8063-957-1 94320; 978-89-8063-827-7 (set)
Pages 200
Subject Country Honduras(Americas)
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding KDI; KDI School
Supervisor Ministry of Strategy and Finance (MOSF), Republic of Korea
Organizer Korea Development Institute
Sponsor Ministry of Strategy and Finance (MOSF), Republic of Korea
Type Report
Project Term 2014-01-01 ~ 2015-12-31

Abstract

With continued efforts since the late 1990s, Honduran financial authorities have upgraded their supervisory and regulatory capacities. They have also modified their legal, organizational, and institutional framework in line with international standards. As a consequence, Honduras’ financial markets remain fairly stable, while most of its financial institutions, especially banking institutions, show their soundness better than ever. However, financial market has an evolving nature. So, what should the role and function of financial authorities be? The interconnectedness of global financial markets, together with the growing uncertainty of world economic environments, makes countries, more specifically emerging economies, more vulnerable to external shocks. In these circumstances, the micro stability of the financial sector alone does not guarantee system stability as a whole. This is the reason why countries should keep their macro fundamentals robust and stable, on the one hand. (The rest omitted)