Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy : : The Case of Georgia / / Andreas Billmeier, Johan Mathisen

• Autore: Billmeier Andreas
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (29 p.)
• Soggetto topico: Dollar, American; Fiscal policy - Georgia; Monetary policy - Georgia; Accounting; Banking; Banks and Banking; Banks and banking; Banks; Central banks; Commercial banks; Currencies; Currency mismatches; Data Access; Debts, External; Depository Institutions; Economywide Country Studies: Europe; Exports and Imports; External debt; Finance; Finance: General; Financial institutions; Financial risk management; Financial sector policy and analysis; Foreign exchange reserves; General Financial Markets: Government Policy and Regulation; Government and the Monetary System; International economics; International Lending and Debt Problems; International reserves; Macroeconomic Analyses of Economic Development; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Micro Finance Institutions; Monetary economics; Monetary Policy; Monetary Systems; Money and Monetary Policy; Money; Mortgages; Payment Systems; Regimes; Standards
• Soggetto geografico: Georgia
• Altri autori: MathisenJohan
• Note generali: "July 2006".
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""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""
• Sommario/riassunto: 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.
• Titolo autorizzato: Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy
• ISBN: 9786613829931; 9781462377046; 1462377041; 9781452768304; 1452768307; 9781283517485; 1283517485; 9781451986976; 1451986971
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910967322903321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/173