Debt-Related Vulnerabilities and Financial Crises

Occasional Papers, October 24, 2005

Source details

Authors: Brad Setser, Ioannis Halikias, Alexander Pitt, Christoph B. Rosenberg, Brett E. House, Jens Nystedt, Christian Keller
Published: October 24, 2005
Series: Occasional Papers
DOI: https://doi.org/10.5089/9781589064256.084

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 the balance sheet approach and shows how it can be applied to detect vulnerabilities and shape policy advice.
It provides a broad-brushed overview of how balance sheet vulnerabilities have evolved over the past decade and cites a number of case studies.

By Brad Setser, Ioannis Halikias, Alexander Pitt, Christoph B. Rosenberg, Brett E. House, Jens Nystedt, Christian Keller
October 24, 2005
Series: Occasional Paper No. 2005/008
Issue: 008
Volume: 2005
Pages: 58

Balance sheet approach: analysis of currency and maturity mismatches in sectoral balance sheets.
Application: detection of vulnerabilities and shaping of policy advice in emerging market surveillance.
Scope: overview of evolution of balance sheet vulnerabilities over the past decade and multiple case studies.

Subjects: 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

From: Debt-Related Vulnerabilities and Financial Crises, Occasional Paper No. 2005/008 (International Monetary Fund), October 24, 2005.