Finland: Selected Issues

International Monetary Fund

No 2016/369, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; firm; private sector; firm productivity; product market; firm TFP; accounts payable; productivity gain; company size; Productivity; Financial statements; Commodity markets; Total factor productivity; Stocks; Global (search for similar items in EconPapers)
Pages: 38
Date: 2016-12-07
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