Indicators of Potential Financing Needs in Recent Capital Account Crises
(as percent of GDP)
|Brazil (1998)||Indonesia (1997)||Korea (1997)||Thailand (1997)|
|Short-term external debt 1||10.5||42.7||12.4||31.3|
|Deposit base (M2)||26.9||55.6||46.2||84.8|
|Gross foreign reserves 2||5.4||7.7||1.9||5.5|
|in percent of GDP3||2.3||4.4||4.0||2.2|
|in percent of quota4||600||490||1938||505|
|in million of U.S.$||18,262||10,083||20,990||3,926|
End-period stocks at residual maturity, original maturity for Korea.
End-period stocks; only usable reserves for Korea; net of forwards and swaps for Thailand.
U.S. dollar value of GDP for year prior to arrangement.
Using quotas existing at the time of program approval (before recent increase in quotas).