Format:
Online-Ressource (63 p)
Edition:
Online-Ausg.
ISBN:
1451957157
,
9781451957150
Series Statement:
IMF Working Papers Working Paper No. 02/210
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Setser, Brad A Balance Sheet Approach to Financial Crisis Washington, D.C. : International Monetary Fund, 2002 ISBN 9781451957150
Language:
English
DOI:
10.5089/9781451957150.001
