Publication:
Paraguay : Financial Sector Review

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-06-12T21:09:56Z
dc.date.available2013-06-12T21:09:56Z
dc.date.issued2002-11-15
dc.description.abstractThe report examines the highly vulnerable situation of the financial system in Paraguay, which suffered from a banking crisis in 1995-98, in addition to recent competitive devaluations of the Brazilian currency, the fall in cotton prices, as well as the regional economic slowdown. A major factor obscuring the reality of banking system solvency, is the practice of substituting needed loan provisions, with collaterals which underlie the loans. The main issue here is the relative liquidity absence, and delays inherent in unwinding such collateral, as well as its potential over-valuation, making it an ineffective substitute for cash provisions. The report further examines banking reforms, and restructuring of the state-owned banks, institutional and regulatory framework, and the safety net mechanisms and deposit insurance governing the system. It is suggested the reform of the pension system is crucial at this juncture, given that the current pay-as-you-go social security public pension system, is not fiscally sustainable from an actuarial, and benefits payment perspective, and, because the current system, even at its best, delivers very low returns on pension investment funds. Most importantly, for both the public, and private systems, the investment regime should permit heavy weighting in foreign hard currency securities.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/11/2083430/paraguay-financial-sector-review
dc.identifier.doi10.1596/13878
dc.identifier.urihttps://hdl.handle.net/10986/13878
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRACTICES
dc.subjectACCOUNTING STANDARDS
dc.subjectACCOUNTS
dc.subjectAFFILIATES
dc.subjectAUTONOMY
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK ACCOUNTING
dc.subjectBANK ASSETS
dc.subjectBANK BRANCHES
dc.subjectBANK DEPOSITS
dc.subjectBANK EARNINGS
dc.subjectBANK FAILURES
dc.subjectBANK INSOLVENCY
dc.subjectBANK MANAGEMENT
dc.subjectBANK RESTRUCTURING
dc.subjectBANK RUN
dc.subjectBANK SOLVENCY
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING LAW
dc.subjectBANKING REGULATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKS
dc.subjectBENCHMARK
dc.subjectBONDS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITALIZATION
dc.subjectCAR
dc.subjectCENTRAL BANK
dc.subjectCOLLATERALIZATION
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONTAGION
dc.subjectCOUPONS
dc.subjectCREDIT RISK
dc.subjectCURRENCY ASSETS
dc.subjectCURRENCY DEVALUATIONS
dc.subjectDEBT
dc.subjectDEBT SERVICING
dc.subjectDEFICIENT BANK MANAGEMENT
dc.subjectDEMAND DEPOSITS
dc.subjectDENOMINATED LOANS
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectEARNING ASSETS
dc.subjectECONOMIC GROWTH
dc.subjectFINANCIAL ENGINEERING
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL RATIOS
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL YEAR
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY DEPOSITS
dc.subjectFOREIGN EXCHANGE
dc.subjectGDP
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectILLIQUIDITY
dc.subjectINSOLVENT BANKS
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURED DEPOSITS
dc.subjectINTER AMERICAN DEVELOPMENT BANK
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
dc.subjectINTERNATIONAL RESERVES
dc.subjectLENDER OF LAST RESORT
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDATION
dc.subjectLOAN LOSS PROVISIONS
dc.subjectM2
dc.subjectM3
dc.subjectMATURITIES
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY INDICATORS
dc.subjectMONEY SUPPLY
dc.subjectMORAL HAZARD
dc.subjectMORTGAGES
dc.subjectOPEN MARKET OPERATIONS
dc.subjectPENALTIES
dc.subjectPOLITICAL INTERFERENCE
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPROFITABILITY
dc.subjectPROPERTY OWNERSHIP
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC BANKS
dc.subjectRATING SYSTEM
dc.subjectREGULATORY FORBEARANCE
dc.subjectRESERVE REQUIREMENT
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN ON ASSETS
dc.subjectRISK MANAGEMENT
dc.subjectRISK WEIGHTED ASSETS
dc.subjectSAVINGS
dc.subjectSAVINGS DEPOSITS
dc.subjectSECURITIES
dc.subjectSECURITIZATION
dc.subjectSTATE BANKS
dc.subjectSTATE OWNED BANKS
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectT-BILLS
dc.subjectTRADE SHOCKS
dc.subjectTRADING
dc.subjectVALUATION FINANCIAL SECTOR; MACROECONOMIC ADJUSTMENT; FINANCIAL ANALYSIS; FINANCIAL INDICATORS; BANKING CRISES; CURRENCY DEVALUATION; COTTON PRICES; REGIONAL ECONOMICS; BANKING REFORMS; COLLATERAL; LIQUIDITY (ECONOMICS); BANKING REFORM; RESTRUCTURING; STATE-OWNED BANKS; INSTITUTIONAL FRAMEWORK; LEGAL & REGULATORY FRAMEWORK; SOCIAL SAFETY NETS; DEPOSIT INSURANCE; PENSION REFORM; PAY-AS-YOU-GO SYSTEMS; FISCAL CONSTRAINTS; PENSION FUNDS; INVESTMENTS; FOREIGN INVESTMENTS; FOREIGN SECURITIES
dc.titleParaguay : Financial Sector Reviewen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T09:43:50.915071Z
okr.doctypeEconomic & Sector Work::Pre-2003 Economic or Sector Report
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2002/11/2083430/paraguay-financial-sector-review
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.guid337391468775510082
okr.identifier.externaldocumentum000094946_02121404013280
okr.identifier.internaldocumentum2083430
okr.identifier.report24249
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/01/07/000094946_02121404013280/Rendered/PDF/multi0page.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryParaguay
okr.sectorFinance
okr.sectorFinance :: Banking
okr.sectorFinance :: Non-compulsory pensions, insurance and contractual savings
okr.sectorFinance :: General finance sector
okr.topicEconomic Theory and Research
okr.topicLaw and Development::Banking Law
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicBanks and Banking Reform
okr.topicFinancial Crisis Management and Restructuring
okr.unitFinance & Private Sector (LCSPF)
okr.volume1
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