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...

This paper assesses the degree of bank competition and discusses efficiency with regard to banks'' financial intermediation in Ghana. By applying panel data to variables derived from a theoretical model, we find evidence for a noncompetitive market structure in the Ghanaian banking system, which...

This paper computes Malawi''s equilibrium real exchange rate as a function of its fundamentals as derived from economic theory. It finds evidence in favor of the equilibrium approach to exchange rate determination, with several variables (particularly government consumption and real per capita...

A distinguishing feature of emerging market crises in recent years has been the sudden disruption in the capital accounts of the economy. These crises have highlighted the need for closer attention to macroeconomic vulnerabilities in sectoral balance sheets. This book enhances application of the...

Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. DATA AND EMPIRICAL APPROACH -- A. Sovereign Borrowing Cost Model -- B. Launch Spreads -- C. Launch Yields -- IV. CONCLUSIONS -- APPENDIX I. MAIN DATA SOURCES AND DESCRIPTION -- REFERENCES.