Debt-Related Vulnerabilities and Financial Crises
October 24, 2005
Summary
The analysis of currency and maturity mismatches in sectoral balance sheets has increasingly become a regular element in the IMF’s tool kit for surveillance in emerging market countries. This paper describes this so-called balance sheet approach and shows how it can be applied to detect vulnerabilities and shape policy advice. It also provides a broad-brushed overview of how balance sheet vulnerabilities have evolved over the past decade and cites a number of case studies.
Subject: Commercial banks, Currencies, External debt, Financial institutions, Financial statements, Money, Public debt, Public financial management (PFM), Public sector
Keywords: Africa, Asia and Pacific, balance sheet crisis, balance sheet data, balance sheet indicator, balance sheet mismatch, Central and Eastern Europe, Commercial banks, Currencies, debt, dollar, East Asia, Financial statements, foreign currency, Middle East, OP, sectoral balance sheet mismatch, sectoral balance sheet relationship
Pages:
58
Volume:
2005
DOI:
Issue:
008
Series:
Occasional Paper No. 2005/008
Stock No:
S240EA
ISBN:
9781589064256
ISSN:
0251-6365
Supplemental Resources
- Link to Abstract
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