| Description |
1 online resource (27 pages) : graph |
| Series |
IMF working paper, 2227-8885 ; WP/06/173 |
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IMF working paper ; WP/06/173.
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| Contents |
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 |
| Summary |
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 |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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Print version record |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Dollar, American.
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Fiscal policy -- Georgia
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Monetary policy -- Georgia
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Dollar, American
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Fiscal policy
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Monetary policy
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Georgia
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| Form |
Electronic book
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| Author |
Mathisen, Johan, author.
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International Monetary Fund. Middle East and Central Asia Department.
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| ISBN |
1283517485 |
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9781283517485 |
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9781451986976 |
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1451986971 |
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9781451864335 |
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1451864337 |
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