A Balance Sheet Approach to Financial Crisis /

The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It focuses on the risks created by maturity, currency, and...

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Bibliographic Details
Main Author: Setser, Brad
Other Authors: Allen, Mark, Keller, Christian, Roubini, Nouriel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2002.
Series:IMF Working Papers; Working Paper ; No. 2002/210
Online Access:Full text available on IMF
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100 1 |a Setser, Brad. 
245 1 2 |a A Balance Sheet Approach to Financial Crisis /  |c Brad Setser, Nouriel Roubini, Christian Keller, Mark Allen. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (63 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper lays out an analytical framework for understanding crises in emerging markets based on examination of stock variables in the aggregate balance sheet of a country and the balance sheets of its main sectors (assets and liabilities). It focuses on the risks created by maturity, currency, and capital structure mismatches. This framework draws attention to the vulnerabilities created by debts among residents, particularly those denominated in foreign currency, and it helps to explain how problems in one sector can spill over into other sectors, eventually triggering an external balance of payments crisis. The paper also discusses the potential of macroeconomic policies and official intervention to mitigate the cost of such a crisis. 
538 |a Mode of access: Internet 
700 1 |a Allen, Mark. 
700 1 |a Keller, Christian. 
700 1 |a Roubini, Nouriel. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/210 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/210/001.2002.issue-210-en.xml  |z IMF e-Library