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Record Nr. |
UNINA9910788402603321 |
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Autore |
Billmeier Andreas |
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Titolo |
Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy : : The Case of Georgia / / Andreas Billmeier, Johan Mathisen |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-7704-1 |
1-4527-6830-7 |
1-283-51748-5 |
1-4519-8697-1 |
9786613829931 |
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Descrizione fisica |
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1 online resource (29 p.) |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Dollar, American |
Fiscal policy - Georgia |
Monetary policy - Georgia |
Banks and Banking |
Exports and Imports |
Finance: General |
Money and Monetary Policy |
Methodology for Collecting, Estimating, and Organizing Macroeconomic Data |
Data Access |
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General |
Accounting |
Macroeconomic Analyses of Economic Development |
Economywide Country Studies: Europe |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Monetary Systems |
Standards |
Regimes |
Government and the Monetary System |
Payment Systems |
General Financial Markets: Government Policy and Regulation |
International Lending and Debt Problems |
Monetary Policy |
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Banking |
Monetary economics |
Finance |
International economics |
Commercial banks |
Currencies |
Currency mismatches |
External debt |
International reserves |
Financial institutions |
Money |
Financial sector policy and analysis |
Central banks |
Banks and banking |
Financial risk management |
Debts, External |
Foreign exchange reserves |
Georgia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. BACKGROUND""; ""III. ANALYTICAL FRAMEWORK, KEY CONCEPTS, AND DATA""; ""IV. FOREIGN CURRENCY MISMATCHES IN GEORGIA ""; ""V. ADDRESSING BALANCE-SHEET VULNERABILITIES IN GEORGIA""; ""VI. CONCLUSIONS AND POLICY IMPLICATIONS""; ""REFERENCES"" |
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Sommario/riassunto |
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Balance-sheet analysis (BSA) complements traditional flow-oriented macroeconomic analysis by gauging mismatches in aggregate and sectoral balance sheets of an economy. Enabled by recent progress in data availability, this paper applies BSA to Georgia, focusing on currency mismatches. In reviewing developments over the last five years, the paper finds that the still-high level of dollarization continues to create financial vulnerabilities, but that the overall level of currency mismatch has fallen and that liquidity problems are unlikely, in part owing to a strengthening of sectoral buffers, hedges, and insurance against shocks. Policy recommendations include accumulating reserves, strengthening securities markets, enhancing banking supervision, and maintaining a flexible exchange rate. |
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