Chapter

Statistical Appendix

Author(s):
International Monetary Fund
Published Date:
January 1992
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Table A1.Mutual Fund Assets in Selected Countries1(In billions of U.S. dollars)
1985198619871988198919901991
United States495.5716.3769.9810.3982.01,066.91,346.7
Long-term251.7424.2453.8472.3553.9568.5807.1
Short-term243.8292.2316.1338.0428.1498.4539.6
Japan99.0197.1318.8433.9408.2353.5349.42
Germany342.365.790.2109.2132.2160.1174.64
Public23.435.748.960.270.284.988.54
Special18.930.041.349.062.075.286.14
France84.6153.0204.0240.4268.3383.2396.55
Italy16.347.150.840.245.441.947.5
United Kingdom29.451.367.976.792.891.5100.8
Canada67.412.615.617.220.221.543.5
Spain24.424.82
Australia3.34.16.912.230.929.134.52
Netherlands9.112.915.524.4
Switzerland20.324.824.625.723.9
Belgium2.85.37.44.84.374.64.72
Denmark2.54.33.63.62
Ireland5.077.97.52
Korea7.110.413.621.027.633.836.82
India17.012.512.7
Luxembourg94.6114.22
Total799.31,280.11,581.01,807.62,041.52,379.02,721.7
Source: Investment Company Institute.
Table A2.Commercial Paper Outstanding in Selected Industrial Countries1(In billions of U.S. dollars)
Market Opening198619871988198919901991
United Statespre-1960325.9373.6451.6521.9557.8528.1
Japanend-198713.873.891.1117.387.52
Franceend-19853.77.610.422.331.030.8
United Kingdom19860.83.85.75.77.57.0
Canadapre-196011.914.921.025.527.129.72
Spain19826.23.95.07.425.627.9
Australia3mid-1970s4.17.57.911.110.912.2
Netherlands19860.10.91.00.82.02.6
Sweden19833.77.89.515.922.324.0
Finlandmid-19860.42.54.96.98.35.9
Norwayend-19840.92.11.72.02.32.0
Euro-commercial papermid-1980s13.933.350.658.570.379.6
Total371.6471.7643.1769.1882.4837.3
Memorandum item
Other Euro-notes415.116.913.511.119.126.8
Source: Bank for International Settlements.
Table A3.Profitability of Banks in Selected Industrial Countries1(In percent)
1981198219831984198519861987198819891990
United States
Commercial banks1.000.880.840.840.900.800.281.140.780.73
Large commercial banks0.840.740.720.730.900.850.011.230.620.59
Japan
Commercial banks0.450.500.540.490.460.520.600.640.460.36
Large commercial banks0.410.450.490.460.430.500.630.680.460.33
Germany
Commercial banks0.430.530.600.720.830.810.600.730.700.63
Large commercial banks0.440.590.840.861.050.990.610.890.920.83
France
Commercial banks and credit cooperatives0.490.380.340.300.310.380.420.440.370.28
Large commercial banks0.380.260.230.190.210.240.380.350.350.31
Italy
Commercial banks0.780.891.200.820.911.141.24
Large commercial banks0.440.600.980.500.670.830.90
United Kingdom
Commercial banks0.881.091.190.191.520.110.65
Large commercial banks1.210.840.820.811.091.210.121.510.030.50
Canada
Commercial banks0.480.820.690.780.750.971.330.701.22
Netherlands
Commercial banks0.220.230.590.510.740.740.780.600.640.51
Sweden
Commercial banks0.410.350.440.350.341.000.730.590.470.22
Switzerland
All banks0.650.630.660.670.730.730.680.640.740.53
Large commercial banks0.620.600.650.670.740.740.660.640.680.53
Belgium
Commercial banks0.310.340.340.340.370.450.370.340.190.33
Luxembourg
Commercial banks0.320.280.260.300.330.330.320.400.310.22
Table A4.Net Interest Margin of Banks in Selected Industrial Countries1(In percent)
1981198219831984198519861987198819891990
United States
Commercial banks3.063.163.133.353.473.343.363.503.493.45
Large commercial banks2.462.632.653.013.183.103.153.343.273.24
Japan
Commercial banks1.461.551.501.361.221.271.201.171.000.90
Large commercial banks1.151.231.201.070.941.010.980.940.690.61
Germany
Commercial banks2.072.442.712.542.442.582.302.192.042.04
Large commercial banks2.412.733.122.962.813.002.502.402.312.31
France
Commercial banks and credit cooperatives2.792.742.632.582.532.722.432.282.031.96
Large commercial banks2.792.692.582.502.442.552.332.141.981.79
Italy
Commercial banks3.113.013.263.153.273.303.41
Large commercial banks2.582.432.762.662.772.772.91
United Kingdom
Commercial banks3.043.113.173.163.343.223.01
Large commercial banks3.663.383.243.223.343.313.293.303.112.97
Canada
Commercial banks2.242.662.562.652.752.793.213.223.00
Netherlands
Commercial banks2.182.252.402.232.202.422.312.302.081.92
Sweden
Commercial banks2.161.992.272.211.982.612.492.442.152.08
Switzerland
All banks1.251.381.341.371.401.371.301.381.401.36
Large commercial banks1.141.301.301.351.381.351.261.361.371.24
Belgium
Commercial banks1.841.701.611.601.531.621.491.381.321.35
Luxembourg
Commercial banks0.871.091.231.201.181.131.040.950.820.77
Table A5.Net Loan-Loss Provisions of Banks in Selected Industrial Countries1(In percent of gross income)
1981198219831984198519861987198819891990
United States
Commercial banks6.569.5711.0612.8014.3016.3426.3011.1418.9018.53
Large commercial banks7.2310.3712.1614.0214.1215.7832.3111.0122.5121.36
Japan
Commercial banks0.833.332.172.261.242.422.163.343.362.37
Large commercial banks1.024.732.372.651.072.332.2310.374.613.18
Germany
Commercial banks15.6221.8922.5915.2913.4415.0513.267.7713.0716.45
Large commercial banks14.5320.5616.2612.448.019.5310.153.326.1313.52
France
Commercial banks and credit cooperatives18.1020.8921.5820.4019.3321.3018.6718.8020.8720.93
Large commercial banks20.6423.7324.2322.8122.8125.1521.0222.3923.3121.78
Italy
Commercial banks13.1612.5212.1811.1212.4111.4911.65
Large commercial banks11.3513.6011.8910.2513.8912.9713.05
United Kingdom
Commercial banks14.4911.6810.9530.996.1932.7420.07
Large commercial banks4.2010.2312.3414.5010.249.3230.323.9433.0721.00
Canada
Commercial banks14.6115.2417.3617.6920.5717.4913.6825.568.28
Netherlands
Commercial banks27.3727.3919.6920.4512.2510.686.1313.2612.1911.78
Sweden
Commercial banks24.7419.0829.9123.9026.8920.9423.4527.2028.6414.10
Switzerland
All banks14.7517.7518.7318.7219.6419.0019.0617.8218.9020.70
Large commercial banks13.3016.7017.6818.3119.4419.2318.3217.7817.8917.40
Belgium
Commercial banks10.4014.2614.3214.2914.9514.1813.9320.4623.6111.54
Luxembourg
Commercial banks39.0952.2856.5149.9049.3846.0539.6629.5432.3744.06
Table A6.Non-Interest Income of Banks in Selected Industrial Countries1(In percent of gross income)
1981198219831984198519861987198819891990
United States
Commercial banks23.9824.6126.5424.7126.5729.7630.2030.0831.7732.79
Large commercial banks30.9730.9932.9629.2030.9334.1335.1334.7536.8037.99
Japan
Commercial banks17.7813.9414.6817.6821.0619.6925.1225.8323.8424.12
Large commercial banks23.7919.1118.9522.7726.5924.5332.2340.0537.2035.94
Germany
Commercial banks29.1126.8524.8225.9430.0529.5529.8330.3936.0235.68
Large commercial banks28.8930.2926.6827.1631.1527.5430.1431.4333.6234.92
France
Commercial banks and credit cooperatives16.0016.1816.7713.1914.0814.4517.0317.0121.1820.07
Large commercial banks15.2115.7617.0212.9615.6917.2020.7420.9823.8424.92
Italy
Commercial banks29.1831.5131.8827.9827.5825.7426.78
Large commercial banks34.5639.2738.6732.7934.3429.9930.13
United Kingdom
Commercial banks35.6034.5136.3338.1737.5839.1040.09
Large commercial banks27.0729.3531.9433.3832.4833.8835.8636.3338.1239.86
Canada
Commercial banks21.6121.0722.6823.7124.7328.3527.3929.1830.95
Netherlands
Commercial banks25.8523.2523.5124.6625.6523.9225.9527.2529.3728.65
Sweden
Commercial banks29.1731.1128.6830.2534.9535.2728.2528.7728.5826.21
Switzerland
All banks47.6944.2246.4945.6747.3849.3551.5847.1050.8749.05
Large commercial banks52.5747.2847.9146.6548.1649.7551.3447.3850.2950.93
Belgium
Commercial banks17.3521.1724.4820.7623.6525.8226.8929.9627.4223.04
Luxembourg
Commercial banks23.7318.3817.4913.2419.6721.3719.9924.2828.2335.00
Table A7.Operating Expenses of Banks in Selected Industrial Countries1(In percent of gross income)
1981198219831984198519861987198819891990
United States
Commercial banks68.6969.5569.1468.4166.5366.7967.9766.0665.7667.29
Large commercial banks69.2370.1969.5268.8166.3866.2667.5865.0365.5667.43
Japan
Commercial banks74.0269.1167.4568.0869.0164.4460.3255.9961.3867.51
Large commercial banks71.7366.0964.7164.4765.6260.3454.3546.5653.3162.09
Germany
Commercial banks69.6262.2660.7963.8162.8762.9868.4369.2165.0763.76
Large commercial banks72.5964.4963.9466.3966.2666.4372.9671.2367.3963.17
France
Commercial banks and credit cooperatives67.1167.5567.6669.3970.0366.6267.0465.0364.9267.75
Large commercial banks67.8168.2868.2570.4369.8267.0165.9964.6163.2965.17
Italy
Commercial banks69.0667.1662.7270.1067.4262.7661.77
Large commercial banks77.5971.4666.3077.0670.1466.1565.33
United Kingdom
Commercial banks66.8565.3665.2065.3665.3765.1766.95
Large commercial banks71.7572.2270.5268.8267.7666.5867.3467.0266.2668.81
Canada
Commercial banks68.4860.2861.7059.8558.8957.5056.2759.0363.63
Netherlands
Commercial banks65.1464.7161.4962.4562.7465.9468.8767.6665.9669.19
Sweden
Commercial banks61.7768.6256.4365.0861.8654.2955.6155.5755.8578.24
Switzerland
All banks58.1056.6555.1154.7553.0954.0655.6757.6955.3059.34
Large commercial banks61.1758.9556.4355.0752.9253.4456.0357.4357.3861.69
Belgium
Commercial banks75.6170.0269.5968.9566.6065.1568.1362.0665.7869.33
Luxembourg
Commercial banks32.4026.5626.2028.5927.8830.8235.2638.2940.9037.32
Table A8.Major Industrial Countries: Summary Balance of Payments(In billions of U.S. dollars)
Current Account BalanceNet Direct InvestmentPortfolio InvestmentBank FlowsOtherChanges in Reserves1 (− increase)Errors and Omissions
BondsEquities
United States
1985−122.25.963.80.633.34.6−5.819.9
1986−145.415.455.616.022.1−13.333.815.9
1987−160.227.113.417.746.55.456.8−6.7
1988−126.441.541.7−1.416.11.336.3−9.1
1989−106.437.253.5−10.311.712.9−17.018.4
1990−92.23.8−9.7−21.516.910.528.563.6
1991−8.7−7.326.4−21.0−5.4−5.624.8−3.2
Japan
198549.2−5.8−40.0−1.73.2−9.20.63.8
198685.8−14.2−79.2−22.851.9−9.1−14.82.5
198787.0−18.4−31.6−59.762.12.2−37.9−3.7
198879.6−34.7−56.63.838.4−17.1−16.53.1
198957.0−45.2−21.6−10.93.726.112.7−21.8
199035.9−46.35.0−19.5−19.758.99.1−23.4
199172.9−29.4−7.743.1−91.914.08.2−9.2
Germany
198517.0−4.51.20.5−8.6−6.8−0.92.0
198639.9−9.019.04.6−25.8−27.9−1.50.8
198746.0−7.3−1.2−0.7−6.9−7.5−20.3−2.2
198850.3−10.2−36.6−7.2−1.7−14.718.41.7
198956.8−7.7−11.67.1−22.6−35.710.63.0
199046.4−20.9−1.4−1.0−9.0−18.0−5.59.4
1991−20.7−18.630.5−6.17.8−2.8−2.111.9
France
19850.43.82.7−2.6−2.1−2.40.3
19862.4−2.1−1.13.03.6−5.2−1.40.8
1987−4.4−4.14.01.4−2.9−3.28.30.9
1988−4.8−6.06.90.93.8−1.80.9
1989−5.6−9.116.15.65.2−12.82.4−1.7
1990−13.8−21.822.56.427.4−15.4−11.86.6
1991, first three quarters−6.0−7.76.12.811.3−14.21.06.7
Italy
1985−3.4−0.90.2−3.13.97.4−4.3
19863.1−2.8−1.14.01.0−2.4−1.8
1987−1.31.8−7.34.410.4−5.4−2.5
1988−6.21.30.48.05.8−7.5−1.8
1989−10.90.53.311.19.7−11.1−2.6
1990−12.7−0.7−0.419.220.7−10.4−15.8
United Kingdom
19854.1−5.9−8.6−2.011.3−2.63.10.4
19860.2−10.3−14.4−1.322.0−0.3−6.310.4
1987−7.0−17.315.026.9−18.9−1.55.6−2.8
1988−27.6−19.14.94.119.95.41.910.3
1989−33.4−7.4−12.3−16.024.316.816.211.7
1990−26.116.1−18.24.321.5−0.51.61.1
1991, first three quarters−10.92.03.2−17.914.62.4−11.017.7
Canada
1985−2.3−4.87.50.70.33.10.1−4.6
1986−8.2−2.616.1−0.1−2.0−0.7−0.5−1.9
1987−8.8−3.55.04.22.86.1−3.3−2.4
1988−11.2−2.312.4−2.83.211.8−7.6−3.6
1989−17.5−0.713.42.6−0.97.2−0.3−3.7
1990−18.84.911.5−2.52.68.3−0.6−5.4
1991−23.40.922.1−5.13.710.12.2−10.5
Source: International Monetary Fund, Balance of Payments Statistics.
Table A9.Major Industrial Countries: Selected Interest Rates and Spreads1(In percent)
1985198619871988198919901991
Three-month treasury bill rate2
United States7.105.535.778.077.636.744.07
Japan7.364.393.904.165.807.615.77
Germany
France8.018.348.2710.629.9910.12
Italy13.2310.1010.1010.4711.6912.1511.99
United Kingdom11.1510.668.1912.5514.5012.1110.10
Canada9.088.228.4410.9412.2111.667.33
Government bond yield3
United States9.267.118.999.117.848.087.09
Japan5.824.614.284.165.877.065.53
Germany6.606.206.406.807.909.208.90
France10.478.949.998.539.3410.008.72
Italy13.6710.0510.5010.7012.3011.9611.25
United Kingdom10.8311.029.6310.1410.5610.849.66
Canada10.139.1810.4110.359.6910.419.06
Short-term private rate4
United States7.756.107.619.118.297.804.61
Japan5.874.614.034.035.398.027.02
Germany4.864.843.715.398.119.219.58
France8.957.988.608.4710.8910.2710.11
Italy14.9211.5910.7611.7212.7512.3912.25
United Kingdom11.7411.358.7613.1415.1213.3110.79
Canada9.278.368.9711.1112.3511.937.45
Yield curve5
United States2.161.583.221.040.211.343.02
Japan−1.540.220.380.07−0.55−0.24
Germany1.741.362.691.41−0.21−0.01−0.68
France0.931.650.26−1.280.01−1.40
Italy0.44−0.050.400.230.61−0.19−0.74
United Kingdom−0.320.361.44−2.41−3.94−1.27−0.44
Canada1.050.961.97−0.59−2.52−1.251.73
Spread on private-sector obligations6
United States0.650.571.841.040.661.060.54
Japan−1.490.210.13−0.13−0.410.411.26
Germany
France−0.030.260.200.270.28−0.01
Italy1.691.490.661.251.060.240.26
United Kingdom0.590.690.570.590.621.200.69
Canada0.190.140.530.170.140.270.12
Sources: Organization for Economic Cooperation and Development; and IMF staff estimates.
Table A10.Major Industrial Countries: Changes in Stock Market Indices1(Annual changes, in percent)
198619871988198919901991
United States219.9−3.114.826.1−5.718.2
Japan344.221.530.728.3−37.7−6.1
Germany412.5−35.722.927.3−13.0−0.5
France5−30.641.436.8−21.07.5
United Kingdom617.72.25.733.3−8.211.4
Italy757.0−28.316.015.9−21.3−6.1
Canada81.87.219.1−18.35.0
Source: International Monetary Fund, World Economic Outlook.
Table A11.Major Industrial Countries: Growth Rates in Broad Money and Bank Claims

(Annual changes, in percent)1

1985198619871988198919901991
Broad money2
United States8.29.43.55.55.03.22.9
Japan8.79.210.810.212.07.42.3
Germany35.06.76.06.35.66.06.4
France4.75.34.43.73.74.52.5
Italy11.19.68.68.911.39.910.7
United Kingdom13.016.115.917.219.112.25.8
Canada10.69.36.111.714.37.81.9
Bank claims on private sector4
United States9.311.58.710.24.30.7−2.6
Japan10.89.511.210.911.69.25.3
Germany7.14.53.65.37.418.410.8
France57.311.313.411.810.011.76.6
Italy11.710.18.216.721.314.915.9
United Kingdom14.223.382.324.324.610.62.7
Canada8.53.19.411.412.69.14.2
Memorandum items
Narrow money6
United States12.316.83.54.90.94.08.6
Japan3.010.44.88.62.44.59.5
Germany34.97.47.510.65.67.83.1
France6.38.54.64.17.93.33.5
Italy10.49.17.98.112.37.910.0
United Kingdom3.75.24.38.55.72.63.0
Canada9.95.28.57.12.3−1.91.9
Sources: International Monetary Fund, International Financial Statistics (IFS) and World Economic Outlook.
Table A12.Major Industrial Countries: Domestic Money and Securities Market Financing for Businesses1
1985198619871988198919901991
United States(In billions of U.S. dollars)
Commercial paper68.951.523.6−33.1
Nonfinancial11.620.49.7−15.4
Financial57.331.113.9−17.7
Bonds2122.4190.4166.2164.6110.455.890.7
Nonfinancial273.8121.399.5108.073.747.260.8
Financial248.669.166.756.636.78.629.9
Equities335.661.853.443.634.125.870.9
Nonfinancial19.331.228.114.714.413.549.2
Financial16.430.725.428.919.712.321.7
Japan(In billions of Japanese yen)
Commercial paper2,696.0−3,361.0
Nonfinancial2,696.0−3,361.0
Financial
Bonds211,344.025,485.025,436.022,356.021,570.016,824.07,713.0
Nonfinancial25,439.07,090.07,381.07,459.012,573.09,001.09,529.0
Financial25,905.018,395.018,055.014,897.08,997.07,823.0−1,816.0
Equities2,32,389.02,508.06,145.08,444.015,010.06,242.01,137.0
Nonfinancial22,018.02,205.04,125.05,225.010,123.04,438.0994.0
Financial2371.0303.02,020.03,219.04,887.01,804.0143.0
Germany(In billions of deutsche mark)
Commercial paper0.6−0.61.0
Nonfinancial0.6−0.61.0
Financial
Bonds39.034.038.3−1.848.5143.0145.4
Nonfinancial5.46.810.83.27.411.1
Financial33.627.227.5−5.048.5135.6134.3
Equities311.016.411.97.519.425.613.3
Nonfinancial8.213.09.35.614.319.910.1
Financial2.83.42.61.95.15.73.2
France(In billions of French francs)
Commercial paper222.266.129.232.1
Nonfinancial220.864.526.230.7
Financial21.41.63.01.4
Bonds133.8142.1139.7162.9150.2121.2101.1
Nonfinancial23.029.216.033.322.636.333.5
Financial110.8112.9123.7129.6127.685.067.6
Equities383.5137.7160.8156.5243.6222.6240.1
Nonfinancial67.0108.6142.5140.0214.5198.6218.0
Financial16.529.118.316.529.124.022.1
Italy(In billions of Italian lire)
Commercial paper
Nonfinancial
Financial
Bonds8,992.013,447.016,174.08,508.06,905.05,847.019,325.0
Nonfinancial3,814.06,642.05,162.0542.0−1,300.0−138.03,386.0
Financial5,178.06,805.011,012.07,966.08,205.05,985.015,939.0
Equities12,220.018,872.010,432.09,697.018,370.021,246.017,496.0
Nonfinancial
Financial
United Kingdom(In billions of pounds sterling)
Commercial paper1.60.10.90.9
Nonfinancial1.30.20.2
Financial0.30.10.70.8
Bonds0.91.31.11.93.7−0.30.5
Nonfinancial0.80.80.81.43.00.10.3
Financial0.10.50.30.50.7−0.30.3
Equities34.47.615.75.86.43.810.6
Nonfinancial3.45.113.54.44.73.29.5
Financial1.02.52.21.31.70.61.1
Canada(In billions of Canadian dollars)
Commercial paper−0.22.23.04.84.12.6−0.6
Nonfinancial−0.3−0.20.83.52.42.01.1
Financial0.12.42.21.31.70.6−1.7
Bonds1.23.62.83.37.15.95.1
Nonfinancial1.02.12.62.64.84.22.9
Financial0.21.50.20.72.31.72.2
Equities11.214.912.03.013.15.49.3
Nonfinancial6.89.87.91.88.54.66.7
Financial4.45.14.11.24.60.82.6
Sources: Bank of Canada, Bank of Canada Review; and Organization for Economic Cooperation and Development, Financial Statistics Monthly.
Table A13.Changes in Interbank Claims and Liabilities1(In billions of U.S. dollars)
1985198619871988198919901991
Total changes in claims on2217449663480651466-169
Industrial countries184375468393449359−154
Of which
United States336983695923-16
Japan4014819218513647-130
Developing countries38416−21215
Offshore centers4198116382171118−16
Other transactors57−1115730−23−14
Memorandum items
Capital importing developing countries3,68414−6−21216
Non-oil developing countries3,76414−9−31117
Fifteen heavily indebted countries−12−10−3−9−1
Total changes in liabilities to8213464625444655441-154
Industrial countries168363439326467371−121
Of which
United States856356361-315
Japan4011114514712558-44
Developing countries31−103319415731
Offshore centers4371171379513534−55
Other transactors58−516412−21−9
Memorandum items
Capital importing developing countries3,6522512375335
Non-oil developing countries3,7292514344432
Fifteen heavily indebted countries−3−75−18162
Total changes in net claims on95-153835-425-15
Industrial countries16122967−18−12−33
Of which
United States2513486-226-31
Japan-137473912-11-86
Developing countries3114−16−21−41−46−16
Offshore centers4−18−3626−14368440
Other transactors5−1−5−1418−2−5
Memorandum items
Capital importing developing countries3,632−11−19−39−41−19
Non-oil developing countries3,75−5−12−22−37−33−15
Fifteen heavily indebted countries36−3−9−11−25−3
Global asymmetry in interbank data10−515−38−354−2515
Sources: Bank for International Settlements, data reported to the IMF on currency distribution of banks’ external accounts; International Monetary Fund, International Financial Statistics (IFS); and IMF staff estimates.
Table A14.Changes in Claims on Nonbanks and Liabilities to Nonbanks1(In billions of U.S. dollars)
1985198619871988198919901991
Total changes in claims on2609013974186263128
Industrial countries25387981120204112
Of which
United States21252339355026
Japan53118365442
Developing countries3−4−26−311−95
Offshore centers41051310174
Other transactors534233
Unidentified borrowers6264552−742514
Memorandum items
Capital-importing developing countries3,7−3−17−38−61
Non-oil developing countries3,8−3−18−110−31
Fifteen heavily indebted countries−5−11−5−20−3
Total changes in liabilities to9881181239416223045
Industrial countries2760535010712033
Of which
United States142623216282
Japan121213-3-1
Developing countries322315183328−10
Offshore centers4913751318−1
Other transactors51−112123
Unidentified depositors62942461986221
Memorandum items
Capital importing developing countries3,716611132321−2
Non-oil developing countries3,814711122020−3
Fifteen heavily indebted countries8256108−1
Total changes in net claims on10-27-2816-20233383
Industrial countries−1−222531138479
Of which
United States8-1119282224
Japan-133016225743
Developing countries3−26−5−9−21−22−3714
Offshore centers4−8−6−2−4−15
Other transactors5251−23−2
Unidentified (net)6−335−2634−11−16
Memorandum items
Capital importing developing countries3,7−19−7−5−16−15−273
Non-oil developing countries3,8−17−8−3−13−10−234
Fifteen heavily indebted countries−13−3−4−11−10−28−2
Sources: Bank for International Settlements, data reported to the IMF on currency distribution of banks’ external accounts; International Monetary Fund, International Financial Statistics (IFS); and IMF staff estimates.
Table A15.Changes in Banks’ Cross-Border Claims on, and Liabilities to, Developing Countries, by Region1(In billions of U.S. dollars)
1985198619871988198919901991
Changes in claims on developing countries3.82.322.0-4.911.32.620.0
Africa1.0−1.1−1.3−1.5−1.7−0.4−3.7
Asia6.74.915.03.84.423.430.7
Europe1.31.71.70.70.24.8−0.8
Middle East−1.9−2.30.75.24.4−3.8−0.2
Western Hemisphere−3.3−1.06.0−13.24.0−21.4−6.1
Changes in liabilities to developing countries22.8-6.947.437.274.585.321.4
Africa4.0−0.73.64.37.95.90.7
Asia9.311.018.211.625.933.720.6
Europe0.8−0.2−0.45.48.83.4−0.3
Middle East2.4−15.313.913.118.518.6−3.9
Western Hemisphere6.3−1.612.22.913.423.74.2
Sources: Bank for International Settlements, data reported to the IMF on currency distribution of banks’ external accounts; International Monetary Fund, International Financial Statistics; and IMF staff estimates.
Table A16.Borrowing on International Markets by Major Instruments1(In percent)
1985198619871988198919901991
Fixed rate bonds56.562.367.170.560.569.178.7
Floating rate notes235.022.57.29.87.016.15.7
Equity-related bonds6.711.823.818.131.413.813.9
Other bonds31.83.31.91.61.20.91.7
Total100.0100.0100.0100.0100.0100.0100.0
Source: Organization for Economic Cooperation and Development, Financial Market Trends.
Table A17.International Equity Markets—Primary Issues(In billions of U.S. dollars)
19901991
19861987198819891990First half
Convertibles6.414.25.85.24.32.86.0
Ordinary shares11.620.39.116.715.17.914.6
Of which
Privatization1.17.72.13.52.13.9
Total18.034.514.922.019.410.720.5
Memorandum item
Bonds with equity warrants15.223.528.567.119.76.317.1
Table A18.Net International Equity Flows1(In billions of U.S. dollars)
19901991
1986198719881989199019912First half
Investor from
United States32.36−1.133.5020.8811.8926.309.4016.30
Japan47.0516.873.0017.896.267.404.702.40
United Kingdom9.53−0.307.2029.78−0.78−4.202.60−7.70
Continental Europe11.996.808.1016.363.8316.10−1.9053.305
Of which: Germany62.32−0.152.841.590.11
Rest of world70.77−18.27−0.707.39−10.235.508.80
Equity from
United States18.7216.23−1.8011.52−15.1414.20−6.8010.20
Japan−15.76−42.836.907.00−13.2831.60−10.9021.60
United Kingdom4.339.984.203.054.947.401.905.40
Continental Europe20.288.6913.0042.1115.52−1.6018.30−11.60
Of which: Germany6.93−0.993.0512.40−2.01
Rest of world74.1311.92−1.3028.6118.93−0.5012.30−2.50
Total31.703.9721.1092.3010.9751.1014.8023.10
Table A19.Destination of Cross-Border Mergers and Acquisitions(In billions of U.S. dollars)
Targets in
United States1JapanUnited KingdomContinental EuropeRest of worldTotal
198629.025.913.151.1139.20
198752.180.027.1210.221.3170.86
198868.390.1015.8015.2110.07109.56
198959.680.1128.0524.205.43117.48
199044.8024.4043.9615.26128.41
1991 First Half9.430.077.1016.323.7736.70
Table A20.Gross International Equity Flows1(In billions of U.S. dollars)
1986198719881989199019912
Investor from
United States3128.5236.3191.8275.5297.4
Japan34.8125.0150.1176.2147.3
United Kingdom173.6232.9224.1324.1333.8
Continental Europe258.3369.9332.6368.1332.7
Of which: Germany42.959.442.365.049.1
Rest of world4205.6380.4314.0454.1330.1
Equity from
United States277.5481.9363.8416.8360.9
Japan189.6354.5327.1432.9268.6
United Kingdom84.3144.1120.8141.3151.6
Continental Europe188.5208.9244.2343.3425.5
Of which: Germany77.876.860.7109.2158.6
Rest of world460.9155.0156.7263.8234.6
Total800.81,344.41,212.61,598.11,441.21,475.0
Memorandum items
Volume in current U.S. dollars5296.8435.8324.4372.6413.1
Volume in constant U.S. dollars5261.1445.1323.5349.3408.9
Table A21.Financial Futures and Options: Exchanges, Contracts, and Volume of Contracts Traded
Exchange/TypeFace Value of Contract1Volume of Contracts Traded
19871988198919901991
(In thousands of contracts)
United States
Chicago Board of Trade (CBOT)
Interest rate
Futures
Japanese Government bonds2¥ 20,000,000n.t.n.t.n.t.3
U.S. Treasury bonds$100,00066,84170,30870,30375,49967,887
U.S. Treasury notes3$100,00045,2545,7087,8918,69810,013
Municipal bond index$100,000 x index1,6131,2741,068697549
Thirty-day interest rate$5,000,000n.t.196881116
Mortgage-backed5$100,000n.t.n.t.25176
Options
U.S. Treasury bonds$100,00021,72019,50920,78427,31521,926
U.S. Treasury notes6$100,0001,4221,0121,1681,0241,020
Municipal bond index$100,000 x index119172898653
Mortgage-backed5$100,000n.t.n.t.n.t.1910
Stock index
Futures
Major market index (MMI) maxi$250 x index2,6311,1761,087951703
Chicago Board Options Exchange (CBOE)
Interest rate
Options
U.S. Treasury bonds and notes7$100,0002081401447
Stock index
Options
Standard & Poor’s (S&P) 100$100 x index57,43450,74568,84763,936
S&P 500$100 x index4,8174,67512,08911,925
Mid-America Commodity Exchange (Midam)
Interest rate
Futures
U.S. Treasury bills$500,0002622941
U.S. Treasury bonds$50,0001,0151,4141,3071,4611,397
U.S. Treasury notes$50,000n.t.4
Currency
Futures
Pound sterling£12,5001128242630
Swiss francSw F 62,5009877617674
Deutsche markDM 62,5008550548394
Japanese yen¥ 6,250,0005944595441
Canadian dollarCan$50,00089794
Chicago Mercantile Exchange (CME)
Interest rate
Futures
Eurodollar (three-month)8$1,000,00020,41621,70540,81834,69637,244
U.S. Treasury bills (90-day)$1,000,0001,9271,3741,5021,8702,012
Options
U.S. Treasury bills$1,000,000126173249
Eurodollar$1,000,0002,5702,6006,0026,8607,875
Currency
Futures
Pound sterling8£62,5002,5922,6162,5183,4103,746
Canadian dollarCan$100,0009151,4091,2641,4091,139
Deutsche mark8DM 125,0006,0375,6628,1869,16910,929
Japanese yen8¥12,500,0005,3596,4337,8247,4376,017
Swiss francSw F 125,0005,2685,2836,0946,5255,835
French francF 250,0001042
Australian dollar$A 100,000537611410576
Options
Pound sterling£62,500569543406501650
Deutsche markDM 125,0003,1262,7343,7953,4305,643
Swiss francSw F 125,0001,0531,0701,4891,130998
Japanese yen¥12,500,0002,2512,9453,1273,1162,397
(In thousands of contracts)
Canadian dollarCan$100,00049314274284337
Australian dollar$A 100,000n.t.7232738
Stock index
Futures
S&P 500 index$500 x index19,04511,35410,56012,13912,340
Nikkei 225$5 x indexn.t.n.t.n.t.52247
Options
S&P 500 index$500 x index1,8777351,1621,6381,813
Nikkei 225$5 x indexn.t.n.t.n.t.912
Kansas City Board of Trade
Stock index
Futures
Value Line index$500 x index50680413658
Mini Value Line$100 x index281481427
New York Cotton Exchange
Interest rate
Futures
U.S. Treasury notes9$100,0001038479059929281
Currency
Futures
European currency unitECU 100,000422416122
U.S. dollar index$500 x index404447743565716
Options
U.S. dollar index$500 x index151151001,418
New York Futures Exchange (NYFE)11
Interest rate
U.S. Treasury bond12$100,000n.t.n.t.3412
Stock index
Futures
New York Stock Exchange (NYSE) composite stock index$500 x index2,9161,6691,5801,5751,486
Commodity Research Bureau (CRB) commodity price index$500 x index1372061257061
Options
NYSE composite stock index$500 x index20723392635
CRB futures price index$500 x indexn.t.1444
New York Stock Exchange (NYSE)
Stock index
Options
NYSE indices13$100 x index2,047781579262153
American Stock Exchange (AMEX)
Interest rate
Options
U.S. Treasury bills and U.S. Treasury notes14$1,000,000 and $100,00026411
Stock Index
Options
AMEX indices15$100 x index18,1537,5278,2656,6905,976
Pacific Stock Exchange (PSE)
Stock index
Options
Financial News composite index$100 x index40728022613072
Philadelphia Stock Exchange (PHLX)
Currency
Futures
Foreign currencies16,1711
Options17
Australian dollar$A 100,000224531417308186
Canadian dollarCan$ 100,000318337362485204
(In thousands of contracts)
Deutsche markDM 125,0004,2603,4075,2774,8907,472
ECUECU 125,000213106
French francF 500,000702564740146
Japanese yen¥12,500,0002,4602,9223,3282,9801,783
Pound sterling£62,5001,8761,303474637587
Swiss francSw F 125,0001,3041,2371,114772460
Stock Index
Options
PHLX indices18$100 x index2773,25615395225
United Kingdom
London International Financial Futures Exchange (LIFFE)
Interest rate
Futures
ECU (three-month)ECU 1,000,000n.t.n.t.1664115
Eurodollar (three-month)$1,000,0001,7391,6482,0641,249994
Euro-deutsche mark (three-month)DM 1,000,000n.t.n.t.9522,6604,784
German Government bond (Bund)DM 250,000n.t.3155,3309,58210,112
Gilt (government bond)19£50,0007,0365,6414,0625,6435,639
Pound sterling (three-month)£500,0001,5103,5387,1318,3558,064
U.S. Treasury bonds$100,0001,5712,042967756463
ECU bond20ECU 200,000n.t.n.t.n.t.n.t.54
Italian Government bond (BTP)21,22Lit 200,000,000n.t.n.t.n.t.n.t.483
Japanese Government bond (JGB)23¥100,000,00012211746106
Euro-Swiss (three-month)24Sw F 1,000,000n.t.n.t.n.t.n.t.548
Options
Eurodollar (three-month)$1,000,0004076826531
Euro-deutsche mark (three-month)DM 1,000,000n.t.n.t.n.t.248514
German Government bond (Bund)DM 250,000n.t.n.t.4691,8042,453
Gilt£50,0001,0451,141727790844
U.S. Treasury bonds$100,0005684768740
Italian Government bond (BTP)21,25Lit 200,000,000n.t.n.t.n.t.n.t.16
Currency
Futures
Japanese yen¥12,500,000633
Pound sterling£25,00075
Deutsche markDM 125,000842
Options
Deutsche mark$50,00032
Pound sterling£25,000164458241,3771,594
Stock index
Futures
Financial Times stock index£25 x index4704651,0281,4441,727
France
Marché à Terme d’Instruments Financiers (MATIF)
Interest rate
Futures
Notional bonds26F 500,00011,91112,35715,00415,99621,088
CAC 40 indexF 200 x indexn.t.655811,6412,311
Paris interbank offered rate—PIBOR (three-month)F 5,000,000n.t.4522,2961,9013,000
BTAN Treasury note27F 5,000,000n.t.n.t.8528
ECU bondECU 100,000n.t.n.t.n.t.56546
Euro-deutsche mark (three-month)DM 1,000,000n.t.n.t.614394
Italian bondLit 100,000,000n.t.n.t.n.t.n.t.148
Options
Notional bondsF 500,000n.t.3,4317,1507,4108,412
Euro-deutsche mark (three-month)DM 1,000,000n.t.n.t.n.t.109
PIBOR (three-month)F 5,000,000n.t.n.t.n.t.7101,374
ECU bondECU 100,000n.t.n.t.n.t.n.t.21
Italian bondn.t.n.t.n.t.n.t.1
(In thousands of contracts)
Japan
Osaka Securities Exchange
Stock index
Futures
Nikkei 225 stock average¥1,000 x indexn.t.1,8925,44313,58921,643
Options
Nikkei 225 stock average¥1,000 x indexn.t.n.t.6,6109,18811,836
Tokyo International Financial Futures
Exchange
Interest rate
Futures
Euro-yen28n.t.n.t.4,49514,41414,666
Eurodollar28n.t.n.t.10383
Japanese yenn.t.n.t.17294
Options
Euro-yenn.t.n.t.n.t.n.t.332
Tokyo Stock Exchange
Interest rate
Futures
Yen government bonds (ten- and twenty-year)29¥100,000,00018,26217,46018,97116,31912,829
U.S. Treasury bonds$100,000n.t.n.t.n.t.411125
Options
Yen government bonds (ten-year)¥100,000,000n.t.n.t.n.t.1,5341,850
Stock index
Futures
Tokyo Stock Price Index (TOPIX)30¥ 10,000 x indexn.t.2,2893,7283,0911,677
Options
TOPIX¥10,000 x indexn.t.n.t.n.t.267120
Germany
Deutsche Terminbörse (DTB)
Futures
Medium-term notional bond (Bobl-future)DM 250,000n.t.n.t.n.t.n.t.236
Notional German Government bond (Bund-future)DM 250,000n.t.n.t.n.t.602,283
German Stock Index (DAX)DM 100 per DAX index pointn.t.n.t.n.t.511,251
Options
DTB stock optionsn.t.n.t.n.t.6,6889,390
Options on Bund futureOne Bund futures contractn.t.n.t.n.t.n.t.163
Options on DAX indexDM 10 per DAX index pointn.t.n.t.n.t.n.t.2,046
Canada
Montreal Exchange
Interest rate
Futures
Canadian Bankers’ AcceptancesCan$1,000,000n.t.102888194
Canadian Government bondsCan$100,000n.t.n.t.87454421
Options
Canadian Government bondsCan$25,00041633532313947
Toronto Futures Exchange
Stock index
Futures
Toronto Stock Exchange (TSE) 300 spot31Can$10 x index3511
TSE 35Can$500 x index2927355361
Options
TSE 35Can$100 x index199429487698465
(In thousands of contracts)
Netherlands, The
European Options Exchange (EOE)
Interest rate
Options
Dutch Government bondsf. 10,000635537486261241
Bond index24719839
Currency
Options
U.S. dollar/guilder and$10,000
pound sterling/guilder£10,000692473469200373
Stock index
Options
EOE stock index and MMI US stock index32f. 100 x index and $100 x index4287931,9952,0032,384
Dutch Top 5 indexn.t.n.t.n.t.174330
Financial Futures Market
Interest rate
Deliverable bond (FTO)n.t.n.t.705429
Stock index
EOE stock index (FTI)f. 100 x indexn.t.34252437485
Dutch Top 5 indexn.t.n.t.n.t.4247
Switzerland
Swiss Options and Financial Futures Exchange (SOFFEX)
Stock index
Futures
Swiss market indexSw F 5 × indexn.t.n.t.n.t.31591
Eurotop 100 indexn.t.n.t.n.t.n.t.1
Options
Swiss market indexSw F 5 × indexn.t.n.t.2,1154,6836,175
Eurotop 100 indexn.t.n.t.n.t.n.t.24
Sweden
Stockholm Options Market
Futures
OMX 30 stock indexSKr 100 x index15931244
OMFX currencyn.t.n.t.2
GEMxn.t.n.t.n.t.n.t.11
Interest raten.t.n.t.n.t.n.t.3,950
Options
OMX 30 stock indexSKr 100 x index6,7394,4675,0165,1694,824
OMFX currencyn.t.n.t.215
GEMxn.t.n.t.n.t.n.t.181
Interest raten.t.20421992
Australia
Sydney Futures Exchange
Interest rate
Futures
Bank bills (ninety-day)$A 500,0002,0943,0145,9115,0804,652
Commonwealth Treasury bonds (ten-year)$A 100,0002,0612,9573,2193,1743,602
Semi-government bond$A 100,000 + coupon rate 12 percent a yearn.t.n.t.86
Treasury bonds (three-year)$A 100,000 + coupon rate 12 percent a yearn.t.5359671,6082,112
Options
Bank bills (ninety-day)$A 500,00058193515606719
Commonwealth Treasury bonds (ten-year)$A 100,00037732709512670
Treasury bonds (three-year)$A 100,000n.t.192575107
(In thousands of contracts)
Currency
Futures
Australian dollar$A 100,000245
Options
Australian dollar$A 100,0003
Stock index
Futures
All-ordinaries index$A 100 x index616307326314388
Options
All-ordinaries index$A 100 x index13783140186248
New Zealand
New Zealand Futures Exchange
Interest rate
Futures
N.Z. Treasury notes$NZ 100,000176295349308267
Bank bills (ninety-day)$NZ 500,0003868118281408
Options
N.Z. Treasury notes$NZ 100,000n.t.127922
Bank bills (ninety-day)$NZ 500,000n.t.n.t.2330
Currency
Futures
N.Z. dollar$NZ 100,000n.t.21
U.S. dollar$50,0001618542
Stock index
Futures
Barclays share index$NZ 20 x index1201616148
Options
Barclays share index$NZ 20 x indexn.t.n.t.32
Singapore
Singapore International Monetary Exchange (SIMEX)
Interest rate
Futures
Eurodollar$1,000,0001,5201,8813,8623,4693,433
Euro-deutsche markn.t.n.t.n.t.5733
Euro-yen¥ 100,000,000n.t.1698161,492
Options
Eurodollar$1,000,000301110135
Euro-yen¥ 100,000,000n.t.n.t.n.t.6281
Currency
Futures
Deutsche markDM 125,00013198846460
Japanese yen¥ 12,500,0009422128711647
Pound sterling£62,50083334
Options
Deutsche markDM 125,0007111
Japanese yen¥12,500,00015612
Stock index
Futures
Nikkei stock index¥ 500 x index363587859881722
Hong Kong
Hong Kong Futures Exchange
Stock index
Futures
Hang Seng indexHK$50 x index3,611140236236499
Hong Kong interbank offered rate—HIBOR (three-month)HK$ 1,000,000n.t.n.t.n.t.551
(In thousands of contracts)
Brazil
Bolsa Mercantile e Futuros (BM&F)
Interest rate
Futures
Government treasury bondsn.t.n.t.189711112
Currency33
Futures
U.S. dollarn.t.n.t.862608949
Stock index
Futures
Bovespa stock index34n.t.n.t.n.t.2,5407,836
Sources: American Stock Exchange; Chicago Board of Trade; Chicago Board Options Exchange; Chicago Mercantile Exchange; Euromoney (Corporate Finance Supplement), Futures and Options 1990 Directory; Futures Industry Association, International Report, Monthly Options Report, and Monthly Volume Report (various issues); and Volume of Futures Trading, 1960 Through 1990; London International Financial Futures Exchange; Marché à Terme d’Instruments Financiers; Mid-America Commodity Exchange; New York Futures Exchange; New York Stock Exchange; Pacific Stock Exchange; and Philadelphia Stock Exchange.Note: n.t. = not traded;—= either zero or less than 500 contracts; $A = Australian dollar; Can$ = Canadian dollar; DM = deutsche mark; ECU = European currency unit; F = French franc; HK$ = Hong Kong dollar; Lit = Italian lira; ¥ = Japanese yen; f. = Netherlands guilder; NZ = New Zealand dollar; £ = pound sterling; SKr = Swedish Krona; Sw F = Swiss Franc; and $ = U.S. dollar; Options volume is puts and calls combined.
Table A22.Outstanding Swap Transactions by Currencies
December 31, 1987December 31, 1988December 31, 1989December 31, 1990
In millions of U.S. dollarsAs percent of totalIn millions of U.S. dollarsAs percent of totalIn millions of U.S. dollarsAs percent of totalIn millions of U.S. dollarsAs percent of total
Interest rate swaps
U.S. dollar541,51779.3728,16672.1993,74666.11,272,65355.1
Japanese yen40,4985.978,4887.8128,0228.5231,94210.0
Deutsche mark31,6404.656,4655.684,6205.6193,3658.4
Pound sterling29,7064.352,2655.2100,4176.7242,08910.5
Other39,5285.994,8209.3195,79513.1371,49516.1
Total682,888100.01,010,203100.01,502,600100.02,311,544100.0
Currency swaps1
U.S. dollar162,60688.5269,47784.3354,16678.8428,35574.2
Japanese yen59,74632.5131,03441.0201,14544.8244,78742.4
Deutsche mark21,37711.633,97910.653,83912.072,31012.5
Pound sterling10,5055.717,7045.533,4667.449,0418.5
Other113,32861.7187,06258.6256,04557.0360,57762.4
Total adjusted for re-exporting by both sides183,781200.0319,628200.0449,331200.0577,535200.0
Sources: Bank for International Settlements, International Banking and Financial Market Developments (August 1991), Tables 14A and 14B; and International Swap Dealers Association.
Table A23.International Bond Issues by Developing Countries and Regions1(In millions of U.S. dollars)
1985198619871988198919901991
Developing countries28,113.34,210.33,711.46,436.75,810.76,609.510,696.3
Capital importing developing countries28,088.34,210.33,711.46,436.75,810.76,609.510,696.3
Africa1,322.5125.649.2470.9159.0338.3
Of which
Algeria500.0125.649.2433.3159.0
South Africa802.237.6338.3
Asia6,005.42,915.42,410.82,631.12,217.93,113.43,554.5
Of which
China972.81,362.11,415.2911.6150.4263.0
India417.8323.2377.0714.6668.3523.0150.4
Indonesia300.050.0221.1175.0825.0294.1
Korea1,730.9783.0332.3130.0328.21,515.42,446.4
Malaysia2,001.943.0215.6360.7428.5200.0190.2
Pakistan20.7
Philippines
Thailand861.750.0261.0231.750.031.4
Europe509.6457.2866.12,438.03,433.82,342.52,155.9
Of which
Czechoslovakia129.574.0437.5278.3
Hungary447.1290.5554.6816.2942.6946.91,237.8
Turkey62.5166.7311.51,159.41,195.8660.5639.8
Former U.S.S.R.332.9891.5297.6
Middle East82.035.020.0
Of which
Egypt60.0
Israel22.035.020.0
Western Hemisphere168.8712.0350.3876.61,153.64,647.6
Of which
Argentina195.0725.0
Brazil300.01,211.6
Chile
Colombia39.050.0
Mexico49.0313.3769.92,129.7
Peru
Venezuela757.7203.1581.3
Memorandum items
Offshore banking centers383.3568.7228.0285.1199.0214.9111.1
Bahamas, The
Bahrain150.080.625.0
Hong Kong58.3325.9204.574.0114.9111.1
Panama20.0
Singapore155.0242.8228.0125.075.0
Developing countries, including offshore banking centers8,496.64,779.03,939.46,259.46,009.76,824.410,807.4
Industrial countries147,130.5212,094.3163,928.1212,207.4239,268.4207,712.4271,246.5
Source: Organization for Economic Cooperation and Development, Financial Statistics Monthly.
Table A24.International Money Market Financing for Developing Countries1(In millions of U.S. dollars)
198919901991
Developing countries2,6813,1652,755
Capital importing developing countries2,6813,1152,755
Committed borrowing facilities9002,0001,300
Asia4001,200500
Indonesia200700300
Korea200500200
Western Hemisphere100300
Mexico100300
Other400800500
Euro-commercial paper programs1,101775925
Asia45577575
Indonesia50550
Korea10522575
Thailand300
Europe100100
Cyprus100100
Western Hemisphere546750
Bermuda250
Brazil250200
Mexico46550
Other nonunderwritten facilities680340530
Asia8034030
Indonesia80340
Thailand30
Western Hemisphere600500
Bermuda600
Mexico500
Memorandum items
Offshore banking centers200183950
Industrial countries78,40068,80079,600
Other3191,0521,895
Total81,60073,20085,200
Source: Organization for Economic Cooperation and Development, Financial Market Trends.
Table A25.International Bank Credit Commitments by Country of Destination1(In billions of U.S. dollars)
19841985198619871988198919901991
Developing countries231.119.624.917.920.120.220.628.0
Capital importing developing countries230.018.023.517.819.818.820.618.0
Africa0.61.51.80.70.60.50.60.4
Côte d’Ivoire0.10.10.2
Morocco0.10.10.1
Nigeria0.30.2
South Africa0.2
Other0.31.31.50.70.30.50.50.2
Asia9.47.58.28.57.88.912.013.4
China0.22.31.93.32.71.61.32.2
India0.60.21.21.81.61.40.70.1
Indonesia1.60.11.01.60.52.33.95.1
Korea3.73.71.50.91.20.71.93.1
Malaysia1.00.21.20.30.80.10.50.2
Philippines0.90.7
Thailand0.80.71.10.30.80.81.21.6
Other0.60.30.30.30.21.31.21.1
Europe3.56.44.95.64.84.14.91.7
Bulgaria0.50.30.10.3
Czechoslovakia0.10.30.20.20.3
Hungary0.80.90.81.40.20.80.1
TurkeyOA1.62.02.61.71.71.81.5
Former U.S.S.R.0.91.51.30.82.20.93.0
Yugoslavia0.3
Other31.41.80.50.30.10.10.10.1
Middle East0.40.30.10.30.20.70.1
Egypt0.10.5
Jordan0.30.20.20.20.1
Other0.10.10.10.1
Western Hemisphere16.12.48.52.76.44.63.02.5
Argentina4.22.1
Brazil6.55.20.1
Chile0.81.10.20.3
Colombia0.41.10.20.11.01.61.8
Ecuador0.20.20.4
Mexico3.87.71.30.40.6
Peru
Venezuela1.4
Other0.20.20.40.11.10.90.1
Other developing countries0.70.40.10.10.70.110.0
Kuwait0.10.10.15.5
Saudi Arabia0.70.40.10.64.5
Memorandum items
Offshore banking centers0.90.40.70.30.42.42.91.7
International organizations and unallocated3.54.05.211.710.03.30.71.3
Industrial countries32.032.440.554.395.797.699.283.2
Sources: Organization for Economic Cooperation and Development, Financial Statistics Monthly, and IMF staff estimates.

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