| Description |
1 online resource (32 pages) : illustrations |
| Series |
IMF working paper ; WP/06/5 |
|
IMF working paper ; WP/06/5.
|
| Contents |
Contents -- I. INTRODUCTION AND OVERVIEW -- II. A BRIEF REVIEW OF MACROECONOMIC DEVELOPMENTS SINCE THE EARLY 1990S -- 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 |
| Summary |
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 |
| Bibliography |
Includes bibliographical references (pages 23-24) |
| Notes |
Print version record |
| Subject |
Financial statements -- Colombia
|
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Finance, Public -- Colombia
|
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Banks and banking -- Colombia
|
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Debts, Public -- Colombia
|
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Banks and banking
|
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Debts, Public
|
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Economic history
|
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Economic policy
|
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Finance, Public
|
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Financial statements
|
| SUBJECT |
Colombia -- Economic conditions -- 1970-
http://id.loc.gov/authorities/subjects/sh85028483
|
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Colombia -- Economic policy
|
| Subject |
Colombia
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Research Department.
|
| ISBN |
9781451908015 |
|
1451908016 |
|
