01838cas a2200277 a 4500 AALejournalIMF008939 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862652 1018-5941 BD-DhAAL BD-DhAAL Lima, Juan Manuel. Sectoral Balance Sheet Mismatches and Macroeconomic Vulnerabilities in Colombia, 1996-2003 / Juan Manuel Lima, Johannes Wiegand, Enrique Montes, Carlos Varela. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (34 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 We employ an extended version of the Allen and others (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. Mode of access: Internet Montes, Enrique. Varela, Carlos. Wiegand, Johannes. IMF Working Papers; Working Paper ; No. 2006/005 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/005/001.2006.issue-005-en.xml IMF e-Library