Chapter

Appendix II Statistical Tables

Author(s):
John Lipsky, Peter Keller, Donald Mathieson, and Richard Williams
Published Date:
July 1983
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Table 25.Current Account Positions and Private Market Financing by Principal Groups of Countries, 1973–82(In billions of U.S. dollars)
1973197419751976197719781979198019811982
All industrial countries
Current account position20–11201–233–6–401–1
Borrowing through private markets19272450595791116126103
Banking1621031393869969957
Bonds351419201922202746
Medium-term credit commitments121869133424399552
Seven largest industrial countries
Current account position15–3251010367–141613
Borrowing in bond markets34813131214131835
Medium-term credit commitments9132572313237131
Other industrial countries
Current account position6–8–5–10–13–4–12–26–16–14
Borrowing in bond markets1667787911
Medium-term loan commitments354461111161621
Oil exporting developing countries
Current accout positinon76835403026911465–2
Borrowig throuh privaet markets1338910157638
Medium-term credit commitments31336108559
Non-oil developing countries
Current account position–11–37–46–33–29–41–61–89–108–87
Borrowing through private markets11161623182943515428
Banking10151521152540495125
Bonds1112343233
Medium-term credit commitments59913132742324337
Centrally planned economies2
Current account position–2–2–9–7–3–5–3–4–42
Borrowing through private markets1349837745–4
Medium-term credit commitments113233521
Sources: Bank for International Settlements; Organization for Economic Cooperation and Development; International Monetary Fund, World Economic Outlook, Occasional Paper No. 21 (May 1983); and Fund staff estimates.
Table 26.External Claims of Banks in BIS Reporting Area by Country of Borrower, 1978–821(In billions of U.S. dollars)
Dec. 1978Dec. 1979Dec. 1980Dec. 1981Dec. 1982
Reporting area2232.3299.8381.3454.7495.5
Reporting area (gross)466.9588.3704.5821.1893.8
Offshore centers123.5157.5188.7238.12684
Less Interbank deposits–358.1–446.0–511.9–604.5–666.7
Other industrial countries40.045.953.059.067.1
Australia4.44.86.08.011.8
Finland5.15.76.77.18.8
Norway8.59.310.510.410.9
Spain12.715.518.221.923.1
Other9.310.611.611.612.5
Centrally planned economies340.947.049.350.344.3
Czechoslovakia2.02.83.53.22.7
German Democratic Republic6.27.79.510.18.5
Poland11.715.015.114.713.4
U.S.S.R.12.812.913.415.914.2
Other8.28.67.86.45.5
Oil exporting countries53.060.065.366.773.2
Algeria5.77.17.46.96.5
Indonesia4.54.24.34.66.2
Nigeria1.82.53.44.77.0
Venezuela12.818.621.322.322.7
Middle East22.122.523.623.424.6
High absorbers15.314.214.814.115.2
Low absorbers6.88.38.89.39.4
Other6.15.15.34.86.2
Non-oil developing countries55.0195.4241.3285.6306.1
Western Hemisphere80.8103.9131.5161.6172.8
Argentina6.713.118.922.922.7
Brazil31.736.943.349.656.0
Chile2.74.56.79.610.5
Colombia2.13.54.34.95.5
Ecuador2.43.03.64.24.1
Mexico23.230.741.055.558.9
Peru3.43.63.94.35.2
Other8.68.69.810.69.9
Middle East6.58.19.811.512.9
Egypt1.62.03.13.94.3
Israel3.84.64.75.76.4
Other1.11.52.01.92.2
Asia22.530.437.942.546.6
China0.92.12.21.81.2
India0.70.90.91.12.0
Korea6.910.314.016.918.8
Malaysia1.51.92.33.34.6
Philippines4.05.47.07.28.3
Thailand2.73.03.23.33.0
Other5.86.88.38.98.7
Africa19.621.523.527.531.6
Ivory Coast1.42.12.72.82.9
Morocco2.22.83.03.33.6
South Africa7.26.46.89.913.1
Other8.810.211.011.512.0
Europe25.631.538.642.542.2
Greece4.95.47.39.09.4
Hungary6.47.47.47.56.4
Portugal3.03.95.27.49.6
Romania2.54.05.34.84.0
Turkey3.02.93.33.12.9
Yugoslavia5.67.59.69.99.3
Other0.20.40.50.80.6
Unallocated and international organizations13.816.919.828.733.8
Total535.0665.0810.0945.01,020.0
Memorandum items:
Total gross claims, BIS893.11,110.71,323.11,549.51,686.7
Gross claims of nonreporting banks in certain offshore centers4107.0135.0175.0236.0248.05
Total gross claims, IFS1,136.41,437.61,749.62,111.52,236.7
Source: Bank for International Settlements.
Table 27.External Liabilities of Banks in BIS Reporting Area by Country of Depositor, 1978–821(In billions of U.S. dollars)
Dec.1978Dec.1979Dec.1980Dec.1981Dec.1982
Reporting area2309.1372.2465.4585.3675.9
Reporting area (gross)533.5686.4824.0951.11026.7
Offshore centers96.9140.2165.9220.0249.6
Less interbank deposits–321.3–454.4–524.5–585.8–600.4
Other industrial countries25.833.034.136.334.4
Australia1.11.31.31.11.3
Finland1.62.12.72.93.4
Norway3.04.05.06.16.2
Spain13.117.517.617.515.1
Other7.08.17.58.78.4
Centrally planned economies310.114.414.314.315.7
Czechoslovakia0.61.01.31.00.7
German Democratic Republic1.21.92.02.21.9
Poland0.81.10.60.81.0
U.S.S.R.5.98.68.68.510.0
Other1.61.81.81.82.1
Oil exporting countries80.3117.6156.3153.7131.6
Algeria2.73.44.64.22.4
Indonesia2.74.36.76.15.2
Nigeria0.72.25.61.71.5
Venezuela9.513.415.818.512.9
Middle East57.181.3108.9111.599.1
High absorbers23.136.752.038.629.3
Low absorbers34.044.656.972.969.8
Other7.613.014.711.710.5
Non-oil developing countries91.6105.4112.5117.9120.2
Western Hemisphere34.639.638.141.838.9
Argentina4.77.86.66.65.7
Brazil10.78.14.74.84.2
Chile1.42.23.43.62.5
Colombia2.03.13.03.63.7
Ecuador0.70.70.90.80.7
Mexico6.48.29.412.110.4
Peru0.81.42.11.51.9
Other7.98.18.08.89.8
Middle East13.815.418.419.320.8
Egypt3.43.85.15.06.1
Israel6.06.98.29.09.2
Other4.44.75.15.35.5
Asia22.326.228.130.835.6
China2.42.72.55.07.9
India3.13.73.52.72.6
Korea2.53.13.33.23.7
Malaysia2.13.23.63.13.7
Philippines2.22.73.53.02.9
Thailand1.11.41.11.51.7
Other8.99.410.612.313.1
Africa8.511.012.011.610.6
Ivory Coast0.60.80.70.70.6
Morocco0.91.00.70.60.6
South Africa1.01.42.01.51.6
Other6.07.88.68.87.8
Europe12.413.315.914.414.3
Greece4.64.75.95.35.4
Hungary0.91.21.40.90.7
Portugal1.72.42.51.82.1
Romania0.20.30.30.30.3
Turkey0.80.91.21.51.6
Yugoslavia2.82.02.72.62.0
Other1.41.82.12.02.2
Unallocated and international organizations18.122.427.437.542.2
Total535.0665.0810.0945.01,020.0
Source: Bank for International Settlements.
Table 28.Net External Position of Banks in BIS Reporting Area by Country of Borrower or Depositor, 1978–821(In billions of U.S.dollars)
Dec.1978Dec.1979Dec.1980Dec.1981Dec.1982
Reporting area2–76.8–72.4–84.1–130.6–180.4
Reporting area (gross)–66.6–98.1–119.5–130.0–132.9
Offshore centers26.617.322.818.118.8
Less Interbank deposits36.8–8.4–12.618.7–66.3
Other industrial countries14.212.918.922.732.7
Australia3.33.54.76.910.5
Finland3.53.64.04.25.4
Norway5.55.35.54.34.8
Spain–0.4–2.00.64.48.0
Other2.32.54.12.94.0
Centrally planned economies330.832.635.036.028.6
Czechoslovakia1.41.82.22.22.0
German Democratic Republic5.05.87.57.96.6
Poland10.913.914.513.912.4
U.S.S.R.6.94.34.87.44.2
Other6.66.86.04.63.4
Oil exporting countries–27.3–57.6–91.0–87.0–58.4
Algeria3.03.72.82.74.0
Indonesia1.8–0.1–2.4–1.51.0
Nigeria1.10.3–2.23.05.5
Venezuela3.35.25.53.89.8
Middle East–35.0–58.8–85.3–88.1–74.4
High absorbers–7.8–22.5–37.2–24.5–14.0
Low absorbers–27.2–36.3–48.1–63.6–60.4
Other–1.5–7.9–9.4–6.9–4.3
Non-oil developing countries63.490.0128.8167.7185.9
Western Hemisphere46.264.393.4119.8133.9
Argentina2.05.312.316.316.4
Brazil21.028.838.644.851.8
Chile1.32.33.36.08.0
Colombia0.10.41.31.31.8
Ecuador1.72.32.73.43.3
Mexico16.822.531.643.448.5
Peru2.62.21.82.83.3
Other0.70.51.81.80.8
Middle East–7.3–7.3–8.6–7.8–7.9
Egypt–1.8–1.8–2.0–1.1–1.8
Israel–2.2–2.3–3.5–3.3–2.8
Other–3.3–3.2–3.1–3.4–3.3
Asia0.24.29.811.711.0
China–1.5–0.6–0.3–3.2–6.6
India–2.4–2.8–2.6–1.6–0.6
Korea4.47.210.713.715.1
Malaysia–0.6–1.3–1.30.20.8
Philippines1.82.73.54.25.4
Thailand1.61.62.11.81.3
Other–3.1–2.6–2.3–3.4–4.4
Africa11.110.511.515.921.0
Ivory Coast0.81.32.02.12.3
Morocco1.31.82.32.72.9
South Africa6.25.04.88.411.5
Other2.82.42.42.74.3
Europe13.218.122.728.127.9
Greece0.30.71.43.74.0
Hungary5.56.26.06.65.7
Portugal1.31.52.75.67.5
Romania2.33.75.04.53.7
Turkey2.22.02.11.61.4
Yugoslavia2.85.57.17.37.3
Other–1.2–1.4–1.6–1.2–1.7
Unallocated and international organizations–4.3–5.5–7.6–8.8–8.4
Source: Bank for International Settlements.
Table 29.Gross Foreign Claims, Liabilities, and Net Position of Banks in European Reporting Countries, 19821(In billions of U.S. dollars)
Exchange Rate Adjusted Changes During 1982Amounts Outstanding December 1982
Foreign currencyDomestic currencyTotalForeign currencyDomestic currencyTotal
Claims39.519.358.8867.3156.31,023.6
Belgium1.00.11.157.82.560.3
Luxembourg5.30.55.889.01.509.5
France6.34.210.5124.323.8148.1
Germany, Federal Republic of–1.41.3–0.121.148.669.7
Italy–1.70.7–1.033.21.334.5
Netherlands–1.51.70.249.513.362.8
Switzerland–1.03.12.129.831.761.5
United Kingdom29.55.835.3432.125.7457.8
Other23.01.94.930.57.938.4
Liabilities48.49.257.6925.0114.31,039.3
Belgium1.80.82.664.65.470.0
Luxembourg3.80.13.982.90.883.7
France8.0–0.47.6137.25.3142.5
Germany, Federal Republic of–0.80.4–0.423.042.165.1
Italy–4.80.5–4.341.02.543.5
Netherlands0.11.01.151.311.562.8
Switzerland–1.0–1.6–2.629.611.240.8
United Kingdom37.27.945.1451.530.9482.4
Other24.10.54.643.94.648.5
Net position–8.910.11.2–57.742.0–15.7
Belgium–0.8–0.7–1.5–6.8–2.9–9.7
Luxembourg1.50.41.96.10.76.8
France–1.74.62.9–12.918.55.6
Germany, Federal Republic of–0.60.90.3–1.96.54.6
Italy3.10.23.3–7.8–1.2–9.0
Netherlands–1.60.7–0.9–1.81.8
Switzerland4.74.70.220.520.7
United Kingdom–7.7–2.1–9.8–19.4–5.2–24.6
Other2–1.11.40.3–13.43.3–10.1
Source: Bank for International Settlements.
Table 30.Gross Foreign Claims of Banks in BIS Reporting Area by Country or Region of Lending Bank, 1978–821(In billions of U.S.dollars)
Dec.1978Dec.1979Dec.1980Dec.1981Dec.1982
Banks in European reporting area611.4776.0902.9998.21,023.6
Foreign currency (Eurocurrency market)502.0639.7751.2846.7867.4
Belgium31.839.752.458.857.8
Italy22.228.329.735.633.2
Luxembourg58.379.487.387.189.0
France80.8100.4118.8120.4124.3
Germany, Federal Republic of20.821.721.523.321.1
Netherlands36.644.550.853.349.5
Switzerland31.431.930.131.429.8
United Kingdom202.8270.0333.6408.3432.1
Other17.823.827.028.430.6
Domestic currency109.4136.3151.7151.5156.2
France18.123.224.423.023.8
Germany, Federal Republic of40.347.651.849.948.6
Switzerland19.327.229.531.731.7
United Kingdom14.715.522.723.825.7
Other17.022.823.323.126.4
Banks in Canada22.325.635.538.238.8
Banks in Japan33.745.565.784.690.9
Banks in United States118.8136.3176.8256.3361.4
Branches of U.S. banks in certain offshore centers2106.5127.6141.0172.0172.0
Total gross external claims892.71,111.01,321.91,549.31,686.7
Less double counting due to redepositing among reporting banks–357.7–446.0–511.9–604.3–666.7
Total claims net of redepositing535.0665.010.0945.01,020.0
Memorandum item:
Gross external claims of branches of non-U.S.

banks in certain offshore centers2 and

external claims of all foreign bank branches

in Bahrain and the Netherlands Antilles
107135175239
Source: Bank for International Settlements.
Table 31.Net Foreign Position of Banks in BIS Reporting Area, 1978–821(In billions of U.S. dollars)
Dec.1978Dec.1979Dec.1980Dec.1981Dec.1982
Total36.7–8.4–12.618.166.2
Banks in the European reporting area218.6–1.2–25.5–16.7–15.7
Foreign currency position–8.8–26.1–49.3–51.2–57.7
Belgium–1.7–3.9–5.56.7–6.8
France2.00.8–2.9–11.8–12.9
Germany, Federal Republic of1.9–1.7–2.0–1.0–1.9
Italy–5.6–6.9–13.9–11.2–7.8
Luxembourg3.83.83.84.76.1
Netherlands1.0–0.1–1.6–0.3–1.8
Sweden–1.1–3.0–4.4–5.7–6.2
Switzerland4.51.1–1.80.40.2
United Kingdom–10.6–12.0–13.1–11.8–19.4
Other–3.0–4.2–7.9–7.8–7.2
Domestic currency position27.424.923.834.542.0
France12.516.615.816.418.5
Germany, Federal Republic of0.1–6.71.15.96.5
Switzerland12.519.817.517.520.5
United Kingdom2.8–3.7–5.0–4.0–5.2
Other–0.5–1.1–5.6–1.31.7
Banks in Canada–2.7–7.2–8.1–24.4–19.9
Banks in Japan–5.3–5.0–14.5–15.8–9.1
Banks in United States27.16.237.578.8116.9
Branches of U.S. banks in certain offshore centers3–1.0–1.2–2.0–3.8–6.2
Source: Bank for International Settlements.
Table 32.Foreign Claims of Reporting Banks on Nonbanks in BIS Reporting Area, 1979–82(In billions of U.S. dollars)
Amounts Outstanding DecemberExchange Rate Adjusted Changes—1982
1979198019811982YearFirst quarterSecond quarterThird quarterFourth quarter
BIS European reporting area72.496.1114.6128.318.93.74.47.53.3
Belgium-Luxembourg3.55.68.010.22.60.40.90.80.5
France5.57.88.912.44.00.70.31.11.9
Germany, Federal Republic of22.130.437.438.73.51.61.21.4–0.7
Italy6.110.517.518.91.60.80.51.0–0.7
Sweden4.57.47.69.01.70.40.30.90.1
Switzerland5.46.26.06.91.20.20.10.40.7
United Kingdom7.38.58.38.70.6–0.90.8–0.7
Other118.019.720.923.53.70.50.51.90.8
Canada2.55.77.39.01.81.00.7–0.1
Japan1.710.69.06.8–2.20.6–1.1–0.9–0.8
United States13.515.820.319.4–0.4–1.80.40.90.1
Total——

90.1
——

128.2
——

151.2
——

163.5
——

18.1
——

3.5
——

4.4
——

7.5
——

2.7
Source: Bank for International Settlements.
Table 33.Foreign Liabilities of Reporting Banks to Nonbanks in BIS Reporting Area, 1979–82(In billions of U.S. dollars)
Amounts Outstanding DecemberExchange Rate Adjusted Changes—1982
1979198019811982YearFirst quarterSecond quarterThird quarterFourth quarter
European reporting area37.851.156.361.68.0–0.91.63.04.3
Belgium-Luxembourg4.46.27.48.11.30.5–0.31.1
France3.44.24.14.40.60.2–0.10.5
Germany, Federal Republic of4.37.07.46.6–0.30.8–0.1–0.6–0.4
Italy2.52.62.73.00.3–0.20.20.10.2
Netherlands3.34.45.06.01.10.10.20.8
Switzerland13.715.918.821.73.4–1.00.91.61.9
United Kingdom3.98.28.29.01.5–1.10.70.71.2
Other12.32.62.72.80.10.1–0.1–0.1
Canada1.11.96.78.61.90.90.50.5
Japan0.40.80.90.90.10.20.1–0.2
United States46.856.287.495.07.94.45.7–2.80.6
Total——

86.0
——

110.0
——

151.3
——

166.1
——

17.9
——

4.4
——

8.0
——

0.3
——

5.2
Source: Bank for International Settlements.
Table 34.Share of Claims on Developing Countries and Centrally Planned Economies in Banks’ Net International Claims, 1973–821(In percent)
1973197419751976197719781979198019811982
Claims on non-oil developing countries26.427.929.429.829.328.929.329.630.330.0
Net oil exporters27.07.46.86.56.77.18.07.9
Major exporters of manufactures312.913.312.813.013.213.613.914.2
Low-income countries1.10.81.01.11.31.21.11.0
Other net oil importers5.45.76.36.86.96.76.46.1
Unallocated3.02.62.41.51.21.00.90.8
Claims on oil exporting developing countries1.72.85.47.08.59.99.08.17.17.2
Claims on centrally planned economies45.35.27.58.07.97.67.16.15.44.3
Memorandum items:
Share of claims on largest borrowers in total claims on non-oil developing countries
Largest 2 (Brazil and Mexico)37.840.636.136.935.735.837.837.5
Largest 10568.469.570.067.367.068.871.770.0
Largest 20584.283.085.284.186.686.888.286.5
Share of net international claims in total net claims of banks8.79.910.912.012.712.714.315.817.718.3
Sources: Bank for International Settlements; and Fund staff estimates.
Table 35.External Assets of Banks by Maturity and Undisbursed Credit Commitments, December 1979-December 19821(In billions of U.S. dollars)
December 1979December 1980December 1981December 1982
External assetsExternal assetsExternal assetsExternal assets
TotalOf which: up to and including 1 yearUndis-bursed credit commitmentsTotalOf which: up to and including 1 yearUndis-bursed credit commitmentsTotalOf which: up to and including 1 yearUndis-bursed credit commitmentsTotalOf which: up to and including 1 yearUndis-bursed credit commitments
Industrial countries outside the reporting area44.218.39.750.521.715.757.525.318.367.329.420.1
Australia6.62.51.97.32.65.29.84.06.915.05.29.0
Finland6.02.61.87.03.92.17.44.12.69.05.12.0
Norway9.72.82.210.83.72.610.63.92.911.35.13.4
Spain16.97.12.719.78.03.823.19.34.124.610.12.8
Other5.03.31.15.73.52.06.64.01.87.43.92.9
Oil exporting countries60.430.717.764.634.316.167.838.616.974.841.416.7
Algeria9.01.33.89.01.52.98^31.51.97.71.42.2
Indonesia5.82.32.16.32.62.27.23.02.69.93.82.2
Iran5.91.81.35.21.90.72.71.50.42.31.40.1
Nigeria3.51.02.24.51.42.46.02.03.68.53.13.9
Venezuela20.812.74.124.314.33.726.216.13.227.515.82.4
Other15.411.64.215.312.64.217.414.55.218.915.95.9
Non-oil developing countries214.992.854.1262.9119.659.9313.2144.761.2346.3161.048.1
Africa23.58.15.824.68.16.429.612.26.633.314.96.5
Ivory Coast2.40.70.43.01.00.43.20.90.53.40.90.4
Morocco3.40.60.33.50.70.33.71.20.53.91.00.4
South Africa7.32.82.77.22.53.111.26.03.414.38.83.5
Zaire1.30.40.21.20.30.11.10.30.10.90.30.1
Other9.13.62.29.73.62.510.43.82.110.83.92.1
Asia35.419.316.344.825.617.653.329.620.161.733.317.4
China2.51.33.82.60.94.02.31.15.01.30.63.1
India0.90.30.71.00.50.91.30.72.02.61.41.8
Korea12.06.74.016.710.44.319.911.54.123.213.93.9
Malaysia2.20.80.72.71.01.44.41.41.36.61.61.3
Philippines7.43.92.99.35.42.410.25.82.812.67.52.4
Thailand3.72.40.84.02.41.35.13.11.34.92.81.6
Other6.73.93.48.55.03.310.16.03.610.55.53.3
Europe35.113.26.943.115.68.645.715.76.845.414.75.8
Greece6.22.51.88.43.23.09.73.62.610.03.32.2
Hungary7.93.80.48.03.40.77.73.10.46.82.20.5
Portugal4.11.31.05.62.11.27.73.01.510.03.81.2
Romania4.42.20.85.82.51.15.11.80.54.21.70.4
Turkey3.91.40.74.41.30.64.21.00.54.01.00.5
Yugoslavia8.21.92.010.42.92.010.73.01.39.82.60.8
Other0.40.10.20.50.20.20.60.20.60.10.2
Middle East12.59.43.113.610.42.816.312.72.819.615.22.9
Egypt2.21.31.33.32.07.54.43.07.54.93.21.8
Israel4.63.11.04.83.40.56.04.30.66.74.40.5
Other5.75.00.85.55.00.85.45.40.78.07.60.6
Western Hemisphere108.442.822.0136.859.924.5168.874.524.9186.282.715.6
Argentina13.46.92.919.910.44.024.811.63.925.713.91.9
Brazil38.611.36.745.716.26.452.518.26.160.521.15.3
Chile4.92.01.57.32.91.610.54.21.811.64.61.0
Colombia3.62.21.44.62.51.75.42.61.66.32.91.2
Ecuador3.11.40.93.91.81.04.52.30.94.52.50.5
Mexico30.910.76.142.518.86.757.127.87.362.929.93.7
Peru3.81.90.74.12.41.34.42.71.45.43.21.1
Other10.16.41.88.84.91.99.65.11.99.34.60.9
Centrally planned economies46.619.18.848.418.68.050.121.66.343.617.16.4
Czechoslovakia3.01.40.33.51.50.33.31.30.22.80.90.3
German Democratic Republic8.63.71.49.93.81.510.74.61.78.93.51.2
Poland15.86.23.916.25.43.915.25.51.813.94.60.7
U.S.S.R.13.05.02.813.45.61.716.38.22.014.66.63.9
Other6.22.80.45.42.30.64.62.00.63.41.50.3
Total366.1160.990.3426.4194.299.7489.0230.1102.7532.0248.991.3
Source: Bank for International Settlements, The Maturity Distribution of International Bank Lending.
Table 36.Undisbursed Credit Commitments as Percent of Outstanding Bank Claims, 1978–82(In percent)
December 1978December 1979December 1980December 1981December 1981December 1982
Industrial countries (other than Group of Ten, Austria, Denmark Ireland, and Switzerland22.621.931.134.031.829.9
Oil exporting countries32.929.324.927.324.92.3
Nigeria47.862.953.364.660.045.9
Venezuela25.719.715.216.712.28.7
Other34.931.627.929.828.426.8
Non-oil developing countries29.525.222.822.419.513.9
Six largest borrowers128.422.217.816.214.69.2
Argentina35.721.620.113.915.77.4
Brazil22.517.414.013.411.68.8
Korea48.033.325.723.520.616.8
Mexico20.219.715.815.512.85.9
Philippines62.039.225.828.327.519.1
Yugoslavia32.324.419.213.312.18.2
Other30.528.328.830.625.819.9
Centrally planned economies226.618.916.512.912.614.7
All countries28.824.723.423.321.017.2
Source: Bank for International Settlements, The Maturity Distribution of International Bank Lending.
Table 37.Short-Term Claims1 in Percent of Outstanding Bank Claims, 1978–82(In percent)
December 1978December 1979December 1980December 1981December 1982
Industrial countries (other than Group of Ten, Austria, Denmark, Ireland, and Switzerland)41.541.443.044.043.7
Oil exporting countries47.650.853.156.955.4
Nigeria34.828.631.133.336.8
Venezuela54.361.158.861.557.5
Other45.847.152.057.658.0
Non-oil developing countries44.743.245.546.146.5
Six largest borrowers234.637.544.444.545.8
Argentina51.451.552.346.854.3
Brazil28.329.335.434.734.9
Korea57.355.862.357.860.0
Mexico31.834.644.248.747.6
Philippines50.052.758.156.959.9
Yugoslavia19.423.227.928.026.7
Other54.249.246.948.247.4
Centrally planned economies341.941.038.443.139.3
All countries44.443.845.647.146.8
Source: Bank for nternational Settlements, The Maturity Distribution of International Bank Lending.
Table 38.Medium-Term International Bank Credit Commitments, 1978–82(In millions of U.S. dollars)
19781979198019811982
Industrial countries34,28924,09939,26694,64852,424
Australia6657311,6933,7346,346
Belgium401,0003,0602602,057
Canada9,6319266,4395,7903,962
Denmark2,3931,2171,5661,6251,571
France2,4852,7871,9223,8476,703
Italy2,9093,3616,4836,9605,909
Spain2,2463,7304,5244,7082,145
Sweden1,8461,4711,3242,4712,027
United Kingdom5,2591,9901,8713,0192,565
United States2,8153,7236,38758,19211,958
Other4,0003,1633,9974,0427,181
Oil-exporting developing countries9,8097,6755,5085,3678,856
Algeria2,0621,80034375
Indonesia1,6176959671,1011,158
Iran1,142
Nigeria1,7501,2126681,858538
Venezuela1,7923,0352,9371,3334,774
Other1,4469335931,0752,311
Non-oil developing countries27,08643,15432,78045,09936,841
Major exporters of manufactures10,79016,04915,43519,39417,741
Argentina1,2732,1072,3902,8642,581
Brazil5,2106,4985,2797,2706,846
Greece5709451,191941931
Korea1,6432,6942,0373,1742,864
Portugal6218117061,7561,481
Yugoslavia7441,6511,832564559
Other7291,3432,0002,8252,479
Net oil exporters8,54912,4999,04913,45111,456
Malaysia1,0721971,0831,4752,310
Mexico6,60410,4385,98010,5747,317
Other8731,8641,9861,4021,829
Low-income countries3013,7147722,015871
China3,07037445350
India5550791,043341
Other246594319519480
Other net oil importers7,44610,8927,52410,2396,773
Chile1,2016839192,3051,220
Colombia859036621,023547
Hungary515950550550483
Philippines1,8431,7741,2771,1411,011
Turkey2503,171288
Other3,5523,4114,1165,2203,224
Centrally planned economies2,5753,6401,658731222
German Democratic Republic78265639749769
Poland406861736
U.S.S.R.4003205025153
International Investment Bank5001,025
Other487778475209
International orgnaizations and unallocated441538707101514
Total——

74,200
——

79,106
——

79,919
——

145,946
——

98,857
Source: Organization for Economic Cooperation and Development, Financial Statistics Monthly.
Table 39.Terms on Publicized Medium-Term Bank Credit Commitments, 1977-Second Quarter 1983(Rates in percent)
Spreads over LIBOR2
Weighted averages (percent)Maturities
Six-Month Eurodollar Deposit Rate1LowestAll borrowersOECD countries3CMEA4 countriesOther non-OECD countries5Longest (in years)Average (In years/months)
1977I5.6715/1686/8
II5.9415/16106/6
III6.717/8106/5
IV7.375/81.170.841.051.46107/0
1978I7.685/81.050.820.971.22127/9
II8.505/81.100.800.701.26128/4
III9.251/4–3/80.900.720.741.15128/5
IV12.021/20.870.690.731.03158/11
1979I10.691/20.870.650.900.95158/9
II10.733/80.760.620.630.87189/3
III12.003/80.730.670.610.76157/9
IV14.561/4–3/80.640.490.570.74159/3
1980I16.983/8–1/20.670.560.580.7815½8/9
II11.293/8–1/20.690.570.730.84157/8
III12.171/4–1/20.680.541.170.82127/6
IV16.161/4–3/80.750.560.961.03127/8
1981I16.101/4–3/80.700.540.660.82148/4
II17.061/40.770.470.621.12137/9
III18.431/4–1/20.690.460.620.94157/10
IV14.481/4–3/80.690.460.90157/7
1982I15.171/4–3/80.680.560.85157/11
II15.101/40.810.541.10156/10
III13.040.30.810.571.19157/9
IV9.940.30.840.551.26157/4
1983I9.403/81.630.72147/2
II9.543/8157/2
Sources: Morgan Guaranty Trust Company, World Financial Markets (for series on Eurodollar rate); and Organization for Economic Cooperationand Development, Financial Market Trends.
Table 40.Nominal and Real Interest Rates, 1977–82(In percent)
197719781979198019811982
United States
Three-month Eurodollar deposit rate6.08.912.114.216.813.2
GNP deflator5.87.38.59.09.25.9
Real interest rate10.21.33.25.06.76.9
Germany, Federal Republic of
Three-month money market rate4.43.76.79.512.18.9
GNP deflator3.83.93.95.04.24.8
Real interest rate10.6–0.22.74.37.63.9
Japan
Three-month gensaki rate25.65.15.910.77.46.8
GNP deflator5.54.02.01.92.82.1
Real interest rate10.11.13.88.64.54.6
Sources: International Monetary Fund, International Financial Statistics; Deutsche Bundesbank, Monthly Report; and Bank of Japan, Economic Statistics Monthly.
Table 41.Interest Rates on International Markets, 1981 and 1982(In percent)
19811982
Dec.Jan.Feb.Mar.Apr.MayJun.Jul.Aug.Sep.Oct.Nov.Dec.
Eurocurrency markets1
U.S. dollars in London13.3314.3615.8114.9815.2114.5815.4814.3611.6311.7810.419.799.52
Sterling in London15.4315.1214.1513.6013.7513.3513.2112.3711.1010.919.779.4010.63
Swiss francs in London9.738.728.306.294.893.805.344.354.434.033.893.873.72
Deutsche mark in London10.7110.2710.199.418.978.648.938.998.557.977.177.076.33
Netherlands guilders in London11.1010.5210.308.958.298.708.908.908.767.897.176.495.76
French francs in London17.1716.1615.4720.3422.9324.6021.8115.9217.6519.5119.0618.5822.69
Japanese yen in London6.836.586.476.666.917.077.857.267.397.377.037.127.02
International bond markets2
Dollar-denominated bonds:
3-to 7-year maturity15.0715.6115.9616.0515.9215.6715.9416.4216.3015.7214.8214.1213.68
7-to 15-year maturity314.6415.4815.5715.2214.9014.4314.7615.1514.9214.5713.7113.0012.83
Deutsche mark denominated bonds:
3-to 7-year maturity10.3710.4310.4310.179.609.479.809.739.739.909.609.238.90
7-to 15-year maturity39.5310.1010.139.879.339.179.509.509.509.509.208.978.73
Netherlands guilder denominated notes:
3 or more years maturity11.4711.2611.2810.6710.1910.0610.3110.4210.2410.139.849.058.22
French franc denominated bonds
3-to 7-year maturity17.1716.8716.4217.0317.4816.9116.7816.7216.3116.6116.4915.5115.39
Source: Organization for Economic Cooperation and Development, Financial Statistics Monthly.
Table 42.Developing Country Issues and Placements in International Markets, 1975-Second Quarter 19831(In millions of U.S. dollars)
1983
197519761977197819791980198119821st qtr.2nd qtr.
Algeria35147215720183
Argentina1643266417165165
Bermuda60
Bolivia15
Brazil351938569367363176161
Chile5350848230
China45
Colombia55
Costa Rica20109
Ecuador862
Egypt2540
El Salvador25
Gabon15-33
Greece305021
Haiti8
Hong Kong251283040
Hungary1002517550
India3013730
Indonesia1710463467231337
Iran, Islamic Republic of308169
Israel24535134042643713011711075
Ivory Coast1014
Korea7472564448133424143
Kowait62
Lebanon5
Malaysia104313915265763213
Mexico2704281,3486873633822,1791,602
Morocco284528912223
Panama14272151112521
Papua New Guinea2525
Peru25
Philippines367130216176676930
Portugal50304321
Romania100
Saudi Arabia1015
Singapore12175155252536125
South Africa372853348224436592314202154
Sri Lanka11
Sudan9
Thailand6917646444317
Trinidad and Tobago15050
Tunisia491026
Turkey24
United Arab Emirates42
Venezuela438690174132241
Yugoslavia901291279637
Total——

1,362
——

2,117
——

4,406
——

5,738
——

3,526
——

2,153
——

3,461
——

3,649
——

423
——

595
Sources: World Bank, Borrowing in International Capital Markets; and Organization for Economic Cooperation and Development, Financial Statistics Monthly.
Table 43.International Bond Issues and Placements by Currency of Denomination, 1977-Second Quarter 1983(In millions of U.S. dollars; and in percent)
1983
1977197819791980198119821st qtr.2nd qtr.
AmountShare of totalAmountShare of totalAmountShare of totalAmountShare of totalAmountShare of totalAmountShare of totalAmountShare of totalAmountShare of total
U.S. dollar20,02455.514,00237.415,69738.616,03542.228,82860.444,70362.411,23853.811,59159.6
Eurobonds12,3367,64311,09513,29921,25238,6789,9639,491
Foreign bonds7,6886,3594,6022,7367,5766,0251,2752,100
Deutsche mark6,72618.68,20821.98,17720.18,40922.12,5645.35,3627.52,20610.62,14411.0
Eurobonds5,2156,5315,8813,4571,3743,2531,3391,541
Foreign bonds1,5111,6772,2964,9521,1902,109867603
Swiss francs4,95913.77,55320.29,63723.77,47019.78,11817.011,42516.04,36920.92,98815.4
Eurobonds100
Foreign bonds4,9597,5539,6377,4708,11811,3254,3692,988
Japanese yen1,3943.94,76612.73,1697.82,1455.63,1336.63,8995.41,2666.18694.5
Eurobonds11179184301410598149
Foreign bonds1,2834,6872,9851,8442,7233,3011,117869
Netherlands guilder5451.57362.01141.98742.39021.91,4722.15962.92951.5
Eurobonds363384308549417618299
Foreign bonds182352466325485854297295
Pound sterling2210.63430.92910.71,1543.01,4513.01,9272.72001.06303.2
Eurobonds221287291976538798123364
Foreign bonds561789131,12977266
French franc620.23340.97391.81,1463.06221.32210.30.0570.3
Eurobonds103374883533
Foreign bonds622313652638922157
Other currencies2,1636.01,4904.02,1585.37722.02,1474.52,5753.69904.78724.5
Eurobonds1,3498631,4045841,9622,390875777
Foreign bonds81462775418818518511595
Total——

36,094
——

100.0
——

37,432
——

100.0
——

40,642
——

100.0
——

38,005
——

100.0
——

47,765
——

100.0
——

71,584
——

100.0
——

20,865
——

100.0
——

19,446
——

100.0
Sources: World Bank, Borrowing in International Capital Markets; and Organization for Economic Cooperation and Development, Financial Statistics Monthly.
Table 44.Inflation, Interest Rate, and Exchange Rate Experience of Selected Financial Market Countries, 1970–82(In percent)
1970–751976–801981–82
MeanStandard

deviation
MeanStandard

deviation
Mean
United States
Rate of inflation as measured by the rate of change in
Consumer price index6.62.98.93.28.3
GNP deflator6.42.17.21.67.7
Nominal treasury bill interest rate5.91.57.82.912.4
Nominal long-term treasury bond interest rate7.10.98.91.413.3
Real treasury bill rate1–0.50.64.4
Real treasury bond rate10.71.55.2
United Kingdom
Rate of inflation as measured by the rate of change in
Consumer price index12.06.514.54.410.2
GDP deflator12.27.614.73.510.1
Rate of change of exchange rate ($/£)–1.56.32.212.0–13.3
Nominal treasury bill interest rate8.22.511.13.312.3
Nominal treasury bond interest rate11.22.613.33.413.8
Real treasury bill rate1–3.6–3.12.0
Real treasury bond rate1–0.9–1.23.4
Germany, Federal Republic of
Rate of inflation as measured by the rate of change in
Consumer price index5.71.34.11.15.7
GNP deflator6.71.33.90.74.5
Rate of change of exchange rate (DM/$)–6.88.4–5.38.515.9
Nominal call money rate7.12.65.32.310.0
Nominal public authorities’ bond yield8.70.97.12.79.7
Real call money rate10.41.35.3
Real public bond yield11.93.15.0
Japan
Rate of inflation as measured by the rate of change in
Consumer price index11.17.06.62.53.8
GNP deflator9.35.84.51.82.4
Rate of change of exchange rate–2.67.9–5.014.15.1
Nominal call money rate8.32.96.82.57.2
Nominal government bond yield7.81.17.81.28.4
Real call money rate1–0.92.24.7
Real government bond yield1–1.43.25.9
Switzerland
Rate of inflation as measured by the rate of change in
Consumer price index7.02.22.31.44.3
Rate of change of exchange rate ($/£)–7.87.7–7.212.110.3
Nominal government bond yield5.90.84.10.75.2
Real government bond yield1–1.11.70.9
Source: International Monetary Fund, International Financial Statistics.

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