01909cas a2200277 a 4500 AALejournalIMF002195 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451957150 1018-5941 BD-DhAAL BD-DhAAL Setser, Brad. A Balance Sheet Approach to Financial Crisis / Brad Setser, Nouriel Roubini, Christian Keller, Mark Allen. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (63 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Allen, Mark. Keller, Christian. Roubini, Nouriel. IMF Working Papers; Working Paper ; No. 2002/210 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/210/001.2002.issue-210-en.xml IMF e-Library