Which Emerging Markets and Developing Economies Face Corporate Balance Sheet Vulnerabilities? (Record no. 143943)

000 -LEADER
fixed length control field 02448cam a22003254a 4500
001 - CONTROL NUMBER
control field 8198
003 - CONTROL NUMBER IDENTIFIER
control field The World Bank
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20181123131844.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
fixed length control field m o d
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 160311s2017 dcu o i00 0 eng
024 8# - OTHER STANDARD IDENTIFIER
Standard number or code 10.1596/1813-9450-8198
035 ## - SYSTEM CONTROL NUMBER
System control number (The World Bank)8198
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Feyen, Erik.
245 10 - TITLE STATEMENT
Title Which Emerging Markets and Developing Economies Face Corporate Balance Sheet Vulnerabilities?
Medium [electronic resource] :
Remainder of title A Novel Monitoring Framework /
Statement of responsibility, etc Erik Feyen.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Washington, D.C. :
Name of publisher, distributor, etc The World Bank,
Date of publication, distribution, etc 2017.
300 ## - PHYSICAL DESCRIPTION
Extent 1 online resource (36 p.)
520 3# - SUMMARY, ETC.
Summary, etc This paper introduces a novel corporate financial vulnerability index that tracks financial conditions of the non-financial corporate sector. Using the balance sheet information of 14,207 listed non-financial firms in 69 emerging markets and developing economies, the index shows that, at the global level, corporate vulnerability sharply increased since 2013 and stabilized in 2016. Regional trends are more heterogeneous, pointing to significant corporate vulnerabilities in Eastern Europe and Central Asia, as well as a deterioration of firms' financial conditions in Latin America, the Middle East and North Africa, and Sub-Saharan Africa in recent years. The energy sector has exhibited the fastest deterioration, especially since 2014, in part driven by the decline in oil prices. However, if currently relatively benign global funding conditions and higher commodity prices endure, companies may have an opportunity to strengthen their balance sheets. The paper also finds that the index has leading indicator properties for socioeconomic outcomes, such as a rise in unemployment and an economic recession, and outperforms a commonly used "debt at risk" approach.
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Corporate Vulnerability
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Debt Structure
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Emerging And Developing Economies
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Non-Financial Sector
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Feyen, Erik.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Fiess, Norbert.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Huertas, Igor Zuccardi.
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Lambert, Lara.
776 18 - ADDITIONAL PHYSICAL FORM ENTRY
Main entry heading Print Version:
Display text Feyen, Erik
Title Which Emerging Markets and Developing Economies Face Corporate Balance Sheet Vulnerabilities?: A Novel Monitoring Framework
Place, publisher, and date of publication Washington, D.C. : The World Bank, 2017
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title Policy research working papers.
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Uniform title World Bank e-Library.
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8198">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-8198</a>

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