Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks
June 1, 2010
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Summary
After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, we apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mismatches. In reviewing developments over this decade, we find that the currency and maturity mismatches have fallen across various sectors, and the intersectoral risks to each analyzed sector’s balance sheet appear controllable. The government has implemented reforms in recent years that have contributed to general improvement in the balance sheet of the Mauritian economy and its subsectors. We conclude that from a BSA perspective, the macroeconomic vulnerabilities of Mauritius seem manageable, though vulnerabilities remain, and data gaps mean that more work will be needed to support these findings.
Subject: Banking, Commercial banks, Currencies, Financial statements, Public debt
Keywords: commercial bank, currency position, exchange rate, foreign exchange, interest rate, monetary policy, WP
Pages:
42
Volume:
2010
DOI:
Issue:
148
Series:
Working Paper No. 2010/148
Stock No:
WPIEA2010148
ISBN:
9781455201310
ISSN:
1018-5941
