Debt-Related Vulnerabilities and Financial Crises

Brad Setser, Ioannis Halikias, Alexander Pitt, Christoph Rosenberg, Brett House, Jens Nystedt and Christian Keller

No 2005/008, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; debt; foreign currency; balance sheet indicator; sectoral balance sheet mismatch; dollar; balance sheet data; balance sheet mismatch; sectoral balance sheet relationship; balance sheet crisis; Financial statements; Commercial banks; Currencies; Middle East; Africa; Central and Eastern Europe; East Asia; Asia and Pacific (search for similar items in EconPapers)
Pages: 58
Date: 2005-10-24
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Citations: View citations in EconPapers (33)

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