06903oam 22017414 450 991078840460332120230828235738.01-4623-6293-11-4527-6428-X1-283-51520-297866138276541-4519-0801-6(CKB)3360000000443693(EBL)3012559(SSID)ssj0000948625(PQKBManifestationID)11484552(PQKBTitleCode)TC0000948625(PQKBWorkID)10948855(PQKB)11148647(OCoLC)535146969(MiAaPQ)EBC3012559(IMF)WPIEE2006005(EXLCZ)99336000000044369320020129d2006 uf 0engtxtccrSectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003 /Juan Manuel Lima, Johannes Wiegand, Enrique Montes, Carlos VarelaWashington, D.C. :International Monetary Fund,2006.1 online resource (34 p.)IMF Working Papers"Revised: 1/23/06.""January 2006."1-4518-6265-2 Includes bibliographical references (p. 23-24).""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""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.IMF Working Papers; Working Paper ;No. 2006/005Financial statementsColombiaFinance, PublicColombiaBanks and bankingColombiaDebts, PublicColombiaAccountingimfBanks and BankingimfCorporate FinanceimfMacroeconomicsimfPublic FinanceimfMacroeconomics and Monetary Economics: GeneralimfCurrent Account AdjustmentimfShort-term Capital MovementsimfInternational Monetary Arrangements and InstitutionsimfInternational Lending and Debt ProblemsimfInternational Financial MarketsimfEconomywide Country Studies: Latin AmericaimfCaribbeanimfPublic AdministrationimfPublic Sector Accounting and AuditsimfPublic EnterprisesimfPublic-Private EnterprisesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfDebtimfDebt ManagementimfSovereign DebtimfCorporate Finance and Governance: GeneralimfSocial Security and Public PensionsimfFinancial reporting, financial statementsimfCivil service & public sectorimfBankingimfPublic finance & taxationimfOwnership & organization of enterprisesimfPensionsimfFinancial statementsimfPublic sectorimfPublic debtimfCorporate sectorimfPublic financial management (PFM)imfEconomic sectorsimfPension spendingimfExpenditureimfFinance, PublicimfBanks and bankingimfDebts, PublicimfBusiness enterprisesimfColombiaEconomic conditions1970-ColombiaEconomic policyColombiaimfFinancial statementsFinance, PublicBanks and bankingDebts, PublicAccountingBanks and BankingCorporate FinanceMacroeconomicsPublic FinanceMacroeconomics and Monetary Economics: GeneralCurrent Account AdjustmentShort-term Capital MovementsInternational Monetary Arrangements and InstitutionsInternational Lending and Debt ProblemsInternational Financial MarketsEconomywide Country Studies: Latin AmericaCaribbeanPublic AdministrationPublic Sector Accounting and AuditsPublic EnterprisesPublic-Private EnterprisesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesDebtDebt ManagementSovereign DebtCorporate Finance and Governance: GeneralSocial Security and Public PensionsFinancial reporting, financial statementsCivil service & public sectorBankingPublic finance & taxationOwnership & organization of enterprisesPensionsFinancial statementsPublic sectorPublic debtCorporate sectorPublic financial management (PFM)Economic sectorsPension spendingExpenditureFinance, PublicBanks and bankingDebts, PublicBusiness enterprisesLima Juan Manuel1574016Wiegand Johannes820400Montes Enrique1574017Varela Carlos1408764International Monetary Fund.Research Dept.DcWaIMFBOOK9910788404603321Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-20033850017UNINA