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Record Nr. |
UNINA9910788404603321 |
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Autore |
Lima Juan Manuel |
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Titolo |
Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003 / / Juan Manuel Lima, Johannes Wiegand, Enrique Montes, Carlos Varela |
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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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1-4623-6293-1 |
1-4527-6428-X |
1-283-51520-2 |
9786613827654 |
1-4519-0801-6 |
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Descrizione fisica |
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1 online resource (34 p.) |
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Collana |
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Altri autori (Persone) |
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WiegandJohannes |
MontesEnrique |
VarelaCarlos |
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Soggetti |
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Financial statements - Colombia |
Finance, Public - Colombia |
Banks and banking - Colombia |
Debts, Public - Colombia |
Accounting |
Banks and Banking |
Corporate Finance |
Macroeconomics |
Public Finance |
Macroeconomics and Monetary Economics: General |
Current Account Adjustment |
Short-term Capital Movements |
International Monetary Arrangements and Institutions |
International Lending and Debt Problems |
International Financial Markets |
Economywide Country Studies: Latin America |
Caribbean |
Public Administration |
Public Sector Accounting and Audits |
Public Enterprises |
Public-Private Enterprises |
Banks |
Depository Institutions |
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Micro Finance Institutions |
Mortgages |
Debt |
Debt Management |
Sovereign Debt |
Corporate Finance and Governance: General |
Social Security and Public Pensions |
Financial reporting, financial statements |
Civil service & public sector |
Banking |
Public finance & taxation |
Ownership & organization of enterprises |
Pensions |
Financial statements |
Public sector |
Public debt |
Corporate sector |
Public financial management (PFM) |
Economic sectors |
Pension spending |
Expenditure |
Finance, Public |
Banks and banking |
Debts, Public |
Business enterprises |
Colombia Economic conditions 1970- |
Colombia Economic policy |
Colombia |
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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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"Revised: 1/23/06." |
"January 2006." |
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Nota di bibliografia |
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Includes bibliographical references (p. 23-24). |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION AND OVERVIEW""; ""II. A BRIEF REVIEW OF MACROECONOMIC DEVELOPMENTS SINCE THE EARLY 1990's""; ""III. THE DATA ""; ""IV. SECTORAL BALANCE SHEETS AND THEIR INTERACTIONS""; ""V. CONCLUSIONS""; ""References""; ""Appendix I: Balance Sheet Matrices for 1996, 1998, 1999, 2000, 2002, and 2003""; ""Appendix II: Aggregate Balance Sheet for the Corporate Sector, 1998, 2000, and 2003"" |
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Sommario/riassunto |
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We employ an extended version of the Allen et al. (2002) Balance Sheet Approach to examine macroeconomic vulnerabilities in Colombia between 1996 and 2003, based on an unusually rich data set. We find that vulnerabilities existing prior to Colombia's 1999 recession-high levels of private debt, a large negative foreign currency position of the corporate sector, and banks' exposure to stretched households and companies-receded subsequently. New vulnerabilities emerged, |
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however, especially the high level of public debt accumulated until end-2003, and growing exposure of the financial sector to the sovereign. |
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