Debt Related Vulnerabilities And Financial Crises An Application Of The Balance Sheet Approach To Emerging Market Countries


Debt Related Vulnerabilities And Financial Crises An Application Of The Balance Sheet Approach To Emerging Market Countries
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Debt Related Vulnerabilities And Financial Crises An Application Of The Balance Sheet Approach To Emerging Market Countries


Debt Related Vulnerabilities And Financial Crises An Application Of The Balance Sheet Approach To Emerging Market Countries
DOWNLOAD
FREE 30 Days

Author : International Monetary Fund. Policy Development and Review Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2004-01-07

Debt Related Vulnerabilities And Financial Crises An Application Of The Balance Sheet Approach To Emerging Market Countries written by International Monetary Fund. Policy Development and Review Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-07 with Business & Economics categories.


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Debt Related Vulnerabilities And Financial Crises


Debt Related Vulnerabilities And Financial Crises
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Author : Mr.Brad Setser
language : en
Publisher: International Monetary Fund
Release Date : 2005-10-24

Debt Related Vulnerabilities And Financial Crises written by Mr.Brad Setser and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-24 with Business & Economics categories.


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.



Using The Balance Sheet Approach In Surveillance


Using The Balance Sheet Approach In Surveillance
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Author : Mr.Johan Mathisen
language : en
Publisher: International Monetary Fund
Release Date : 2007-03-29

Using The Balance Sheet Approach In Surveillance written by Mr.Johan Mathisen and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-29 with Business & Economics categories.


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 balance sheet approach to surveillance by taking advantage of new data sets that provide detailed, frequent, and timely financial statistics.



Global Waves Of Debt


Global Waves Of Debt
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Author : M. Ayhan Kose
language : en
Publisher: World Bank Publications
Release Date : 2021-03-03

Global Waves Of Debt written by M. Ayhan Kose and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-03 with Business & Economics categories.


The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.



A Balance Sheet Approach To Financial Crisis


A Balance Sheet Approach To Financial Crisis
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Author : Brad Setser
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2002-12-01

A Balance Sheet Approach To Financial Crisis written by Brad Setser and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12-01 with categories.


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, and capital structure mismatches. This framework draws attention to the vulnerabilities created by debts among residents, particularly those denominated in foreign currency, and it helps to explain how problems in one sector can spill over into other sectors, eventually triggering an external balance of payments crisis. The paper also discusses the potential of macroeconomic policies and official intervention to mitigate the cost of such a crisis.



A Balance Sheet Approach To Financial Crisis


A Balance Sheet Approach To Financial Crisis
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Author : Mark Allen
language : en
Publisher:
Release Date : 2006

A Balance Sheet Approach To Financial Crisis written by Mark Allen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.


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, and capital structure mismatches. This framework draws attention to the vulnerabilities created by debts among residents, particularly those denominated in foreign currency, and it helps to explain how problems in one sector can spill over into other sectors, eventually triggering an external balance of payments crisis. The paper also discusses the potential of macroeconomic policies and official intervention to mitigate the cost of such a crisis.



A Model To Assess The Probabilities Of Growth Fiscal And Financial Crises


A Model To Assess The Probabilities Of Growth Fiscal And Financial Crises
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Author : Mr.Suman S Basu
language : en
Publisher: International Monetary Fund
Release Date : 2017-12-14

A Model To Assess The Probabilities Of Growth Fiscal And Financial Crises written by Mr.Suman S Basu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-14 with Business & Economics categories.


This paper summarizes a suite of early warning models to assess the probabilities of growth, fiscal, and financial crises in advanced economies and emerging markets. We estimate separate signal-extraction models for each type of crisis and sample of countries, and we use our results to generate “histories of vulnerabilities” for countries, regions, and the world. For the global financial crisis, our models report that vulnerabilities in advanced economies were rooted in the bursting of leveraged bubbles, while vulnerabilities in emerging markets stemmed from lengthy booms in credit and asset prices combined with growing weaknesses in the corporate and external sectors.



Assessing Financial Vulnerability


Assessing Financial Vulnerability
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Author : Morris Goldstein
language : en
Publisher: Peterson Institute
Release Date : 2000

Assessing Financial Vulnerability written by Morris Goldstein and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.


This study reviews the literature on the origins of currency and banking crises. It presents empirical tests on the performance of alternative early-warning indicators for emerging-market economies. The book also identifies crisis-threshold values for early-warning indicators.



Fiscal Vulnerability And Financial Crises In Emerging Market Economies


Fiscal Vulnerability And Financial Crises In Emerging Market Economies
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Author : Mr.Richard Hemming
language : en
Publisher: International Monetary Fund
Release Date : 2003-05-23

Fiscal Vulnerability And Financial Crises In Emerging Market Economies written by Mr.Richard Hemming and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-05-23 with Business & Economics categories.


Recent crises in Argentina and Turkey illustrate the continuing importance of fiscal problems in precipitating financial crises, and whatever their cause, financial crises always have important fiscal dimensions. market economies, particularly with regards to the fiscal causes of crises; fiscal vulnerability indicators which can help to predict crises; whether fiscal variables explain the severity of crises; and the fiscal consequences of crises. The study uses a large set of fiscal variables for 29 emerging market economies over the period 1970-2000; as well as detailed case studies of 11 recent crises in emerging market economies to examine some of the structural and institutional dimensions of fiscal vulnerability.



Crisis Related Measures In The Financial System And Sovereign Balance Sheet Risks


Crisis Related Measures In The Financial System And Sovereign Balance Sheet Risks
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2009-07-31

Crisis Related Measures In The Financial System And Sovereign Balance Sheet Risks written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-31 with Business & Economics categories.


This paper examines the fiscal and financial risk implications of support measures in a sovereign balance sheet framework, making the point that the ultimate fiscal cost will depend on how balance sheets are managed—both in the near-term and as governments develop unwinding strategies. It suggests some key principles for efficient and transparent management of new assets, liabilities, and associated risks, and for moving toward an orderly disengagement.