Debt-Related Vulnerabilities and Financial Crises
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Brad Setser Mr. Ioannis Halikias Mr. Alexander Pitt Mr. Christoph B. Rosenberg Mr. Brett E. House Mr. Jens Nystedt Mr. Christian Keller
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2005
E-ISBN: 9781451929324
P-ISBN(Paperback): 9781589064256
Subject： F831 The world financial, banks
Language： ENG
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Description
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.