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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

Using the Balance Sheet Approach in Surveillance; Framework, Data Sources, and Data Availability

Pellechio, Anthony J.; Mathisen, Johan - International Monetary Fund (IMF) - 2006

Recent improvements in statistical methodologies and data availability are facilitating detailed, high-frequency, timely macroeconomic balance sheet analysis. This paper provides practical instruction on how to design the framework to analyze vulnerabilities in a country as well as an overview...

Persistent link: https://www.econbiz.de/10005605198

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

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

The Role of Domestic Debt Markets in Economic Growth; An Empirical Investigation for Low-Income Countries and Emerging Markets

Abbas, S. M. Ali; Christensen, Jakob - International Monetary Fund (IMF) - 2007

We develop a new public domestic debt (DD) database covering 93 low-income countries and emerging markets over the 1975-2004 period to estimate the growth impact of DD. Moderate levels of non-inflationary DD, as a share of GDP and bank deposits, are found to exert a positive overall impact on...

Persistent link: https://www.econbiz.de/10005768875

What Determines Bond Market Development in Sub-Saharan Africa?

Adelegan, Olatundun Janet; Radzewicz-Bak, Bozena - International Monetary Fund (IMF) - 2009

This study empirically analyzes the determinants of bond market development in a cross section of 23 sub …-Saharan African (SSA) countries between 1990 and 2008. It considers the stage of development and the size of the bond market, as well … as the historical, structural, institutional and macroeconomic factors driving bond market development in SSA. The study …

Persistent link: https://www.econbiz.de/10008559281

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

Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003

Lima, Juan Manuel; Wiegand, Johannes; Montes, Enrique; … - International Monetary Fund (IMF) - 2006

We employ an extended version of the Allen et al. (2002) Balance Sheet Approach to examine macroeconomic vulnerabilities in Colombia between 1996 and 2003, based on an unusually rich data set. We find that vulnerabilities existing prior to Colombia's 1999 recession-high levels of private debt, a...

Persistent link: https://www.econbiz.de/10005604814

Do Economists' and Financial Markets' Perspectiveson the New Members of the Eu Differ?

Schadler, Susan; Luengnaruemitchai, Pipat - International Monetary Fund (IMF) - 2007

compressed sovereign bond yields. This paper examines the evidence from the perspective of economists' vulnerability analysis and … markets' pricing of sovereign bonds. It finds that spread are lower than can be explained by "fundamentals" and speculates on …

Persistent link: https://www.econbiz.de/10005599415

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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