IMF Staff Country Reports

Finland : Selected Issues

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

December 7, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper examines Finland’s sectoral balance sheets and how they have evolved since the global financial crisis; the analysis reveals that financial vulnerabilities have risen in most sectors. Indebtedness has increased for nonfinancial corporations (NFCs), households, and the government, increasing their financial fragility and vulnerability to shocks. Also, cross-border financial exposures have risen on both sides of Finland’s balance sheet. Specifically, banks’ balance sheets have grown considerably, largely owing to a rise in foreign liabilities. NFCs and the government have also relied in part on foreign investors to finance their debt increases.

Series:

Country Report No. 16/369

Subject:

Corporate sector Financial crises Financial institutions Financial sector Financial services Finland Fiscal reforms Labor productivity National accounts Private sector Productivity Public sector Selected Issues Papers Total factor productivity