1.

Record Nr.

UNINA9910959026903321

Autore

Lima Juan Manuel

Titolo

Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003 / / Juan Manuel Lima, Johannes Wiegand, Enrique Montes, Carlos Varela

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613827654

9781462362936

1462362931

9781452764283

145276428X

9781283515207

1283515202

9781451908015

1451908016

Edizione

[1st ed.]

Descrizione fisica

1 online resource (34 p.)

Collana

IMF Working Papers

Altri autori (Persone)

MontesEnrique

VarelaCarlos

WiegandJohannes

Soggetti

Financial statements - Colombia

Finance, Public - Colombia

Banks and banking - Colombia

Debts, Public - Colombia

Accounting

Banking

Banks and Banking

Banks and banking

Banks

Business enterprises

Caribbean

Civil service & public sector

Corporate Finance and Governance: General

Corporate Finance

Corporate sector

Current Account Adjustment

Debt Management

Debt

Debts, Public



Depository Institutions

Economic sectors

Economywide Country Studies: Latin America

Expenditure

Finance, Public

Financial reporting, financial statements

Financial statements

International Financial Markets

International Lending and Debt Problems

International Monetary Arrangements and Institutions

Macroeconomics and Monetary Economics: General

Macroeconomics

Micro Finance Institutions

Mortgages

Ownership & organization of enterprises

Pension spending

Pensions

Public Administration

Public debt

Public Enterprises

Public finance & taxation

Public Finance

Public financial management (PFM)

Public Sector Accounting and Audits

Public sector

Public-Private Enterprises

Short-term Capital Movements

Social Security and Public Pensions

Sovereign Debt

Colombia Economic conditions 1970-

Colombia Economic policy

Colombia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"Revised: 1/23/06."

"January 2006."

Nota di bibliografia

Includes bibliographical references (p. 23-24).

Nota di contenuto

""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""

Sommario/riassunto

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, however, especially the high level of public debt accumulated until end-2003, and growing exposure of the financial sector to the sovereign.