Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003

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Full Title:: Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003 / Juan Manuel Lima, Johannes Wiegand, Enrique Montes, Carlos Varela
Series Titles:: IMF Working Papers
IMF Working Papers; Working Paper ; No. 2006/005

Additional Author/Creators:: Wiegand, Johannes
Montes, Enrique
Varela, Carlos
International Monetary Fund. Research Dept

Subjects:: Financial statements--Colombia
Finance, Public--Colombia
Banks and banking--Colombia
Debts, Public--Colombia
Colombia--Economic conditions--1970-
Colombia--Economic policy

Table of Contents:: ""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""
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.
Language:: English
Language Note:: English
Physical Type/Description:: 1 online resource (34 p.)
General Note:: "Revised: 1/23/06."
"January 2006."

Catalog ID (MMSID):: 9936538522202486
ISBN:: 1-4623-6293-1
1-4527-6428-X
1-283-51520-2
9786613827654
1-4519-0801-6
OCLC Number:: 535146969