Sectoral balance sheet mismatches and macroeconomic vulnerabilities in Colombia, 1996-2003 /

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Bibliographic Details
Author / Creator:	Lima, Juan Manuel, 1961- author.
Imprint:	[Washington, D.C.] : International Monetary Fund, Research Dept., 2006.
Description:	1 online resource (32 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/06/5 IMF working paper ; WP/06/5.
Subject:	Financial statements -- Colombia. Finance, Public -- Colombia. Banks and banking -- Colombia. Debts, Public -- Colombia. Banks and banking. Debts, Public. Economic history. Economic policy. Finance, Public. Financial statements. Colombia -- Economic conditions -- 1970- Colombia -- Economic policy. Colombia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495492

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Research Department.
ISBN:	9781451908015 1451908016
Digital file characteristics:	text file
Notes:	Includes bibliographical references (pages 23-24). Print version record.
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.

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