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A Balance Sheet Approach to Financial Crisis
Setser, Brad; Roubini, Nouriel; Keller, Christian; … - International Monetary Fund (IMF) - 2002
The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It focuses on the risks created by maturity, currency,...
Persistent link: https://www.econbiz.de/10005825923
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The Impact of the Global Crisison South-Eastern Europe
Spadafora, Francesco; Cocozza, Emidio; Colabella, Andrea - International Monetary Fund (IMF) - 2011
This paper analyzes the impact of the global crisis on six South-Eastern European countries. The main objective is to compare macro-financial conditions and policies in the run-up to the crisis as well as to compare the policy responses to it, so as to highlight, inter alia, possible...
Persistent link: https://www.econbiz.de/10009401192
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Public Debt Markets in Central America, Panama, and the Dominican Republic
Jobst, Andreas; Valderrama, Laura; Guerra, Ivan; Shah, … - International Monetary Fund (IMF) - 2007
This paper-consisting of a regional study and seven country studies-reviews the state of domestic public debt markets in Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and Panama as at end-2005. Although they account for the lion's share of capital markets, regional...
Persistent link: https://www.econbiz.de/10005825635
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Indonesia; Anatomy of a Banking Crisis
Kovanen, Arto; Frécaut, Olivier; Baldwin, Barbara E.; … - International Monetary Fund (IMF) - 2001
This study looks at the first two years of the banking crisis that erupted in Indonesia in late 1997. It finds that the … banking sector was weak at the outset, and that governance problems intensified the crisis and seriously delayed its … in the costs of resolution. By end-1999, the critical elements to reconstruct the banking system were in place, and the …
Persistent link: https://www.econbiz.de/10005826629
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The Choice Between External and Domestic Debt in Financing Budget Deficits; The Case of Central and West African Countries
Beaugrand, Philippe; Mlachila, Montfort; Loko, Boileau - International Monetary Fund (IMF) - 2002
The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly applicable to Central and West African countries. The paper develops a simple analytical framework and...
Persistent link: https://www.econbiz.de/10005768940
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Foreign Currency Deposits and International Liquidity Shortages in Pakistan
Mirakhor, Abbas; Zaidi, Iqbal Mehdi - International Monetary Fund (IMF) - 2004
This paper studies the implications of foreign currency deposits (FCDs) for international liquidity shortages in Pakistan. The analysis focuses on how the large volume of FCDs and the specific institutional characteristics of those deposits have made the Pakistan economy highly vulnerable to...
Persistent link: https://www.econbiz.de/10005826483
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Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks
International Monetary Fund (IMF); International … - 2010
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...
Persistent link: https://www.econbiz.de/10008560418
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The Level and Composition of Public Sector Debt in Emerging Market Crises
Rother, Bjoern; Hakobyan, Ivetta; Bolle, Monica … - International Monetary Fund (IMF) - 2006
external public debt to multilateral creditors and a greater exposure of the domestic banking system to sovereign debt. …
Persistent link: https://www.econbiz.de/10005825985
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Financial Sector Evolution in the Central European Economies; Challenges in Supporting Macroeconomic Stability and Sustainable Growth
Wagner, Nancy L.; Iakova, Dora M. - International Monetary Fund (IMF) - 2001
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
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Assessing and Managing Rapid Credit Growth and the Role of Supervisory and Prudential Policies
Pazarbasioglu, Ceyla; Johnsen, Gudrun; Hilbers, Paul … - International Monetary Fund (IMF) - 2005
This paper reviews trends in bank lending to the private sector, with a particular focus on Central and Eastern European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these countries. The paper discusses possible implications for...
Persistent link: https://www.econbiz.de/10005263910