IV Balance Sheet Developments in Recent Financial Crises: Some Case Studies
Author:
Mr. Brad Setser https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Ioannis Halikias
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Mr. Alexander Pitt
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Mr. Christoph B. Rosenberg
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Mr. Brett E. House
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Mr. Jens Nystedt https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Christian Keller
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Language:
English
Print Publication Date:
24 Oct 2005
Keywords:
OP; debt; foreign currency; balance sheet indicator; sectoral balance sheet mismatch; dollar; maturity mismatch; debt-servicing difficulties; debt sustainability concern; liquidity mismatch; dollar intermediation; Commercial banks; Financial statements; Currencies; Public sector; Middle East; maturity mismatch in the banking sector

Abstract

This section takes a closer look at some recent crisis and near-crisis episodes in emerging market countries. The purpose is to show how an analysis of sectoral balance sheet relationships can help explain why some countries have experienced financial crises, while others have not. None of the country experiences detailed below is intended to represent an exhaustive account of that particular crisis, especially macroeconomic developments and the authorities’ fiscal and monetary policies, which are well documented elsewhere. Rather, each example focuses on one salient feature of a country’s experience that can be best understood by looking at it through the prism of the BSA.

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Cover Debt-Related Vulnerabilities and Financial Crises
Debt-Related Vulnerabilities and Financial Crises
ISBN:
9781589064256
ISSN:
0251-6365
Publication Date:
24 Oct 2005
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589064256.084
Pages:
58

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