01917cas a2200253 a 4500 AALejournalIMF004295 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451864335 1018-5941 BD-DhAAL BD-DhAAL Billmeier, Andreas. Analyzing Balance Sheet Vulnerabilities in a Dollarized Economy : The Case of Georgia / Andreas Billmeier, Johan Mathisen. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (29 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 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. Mode of access: Internet Mathisen, Johan. IMF Working Papers; Working Paper ; No. 2006/173 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/173/001.2006.issue-173-en.xml IMF e-Library