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  • Using the Balance Sheet Approach in Surveillance

Using the Balance Sheet Approach in Surveillance

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The balance sheet of an entire economy can sharply deteriorate as the exchange rate, interest rates, and other asset prices adjust to withdrawals of bank deposits, sales of securities, and abrupt halts of debt rollovers. This study aims to enhance the application of the balance sheet approach to examining macroeconomic vulnerabilities.
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26,50 CHF