Recent Trends in Correspondent Banking Relationships
Author | : International Monetary Fund. Strategy, Policy, & Review Department |
Publisher | : International Monetary Fund |
Total Pages | : 59 |
Release | : 2017-04-21 |
ISBN-10 | : 9781498346900 |
ISBN-13 | : 1498346901 |
Rating | : 4/5 (00 Downloads) |
Download or read book Recent Trends in Correspondent Banking Relationships written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2017-04-21 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Correspondent banking relationships (CBRs), which facilitate global trade and economic activity, have been under pressure in several countries. So far, cross-border payments have remained stable and economic activity has been largely unaffected, despite a recent slight decrease in the number of CBRs. However, in a limited number of countries, financial fragilities have been accentuated as their cross-border flows are concentrated through fewer CBRs or maintained through alternative arrangements. These fragilities could undermine affected countries’ long-run growth and financial inclusion prospects by increasing costs of financial services and negatively affecting bank ratings.