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Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks

Author

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  • Patrick A. Imam
  • Rainer Koehler

Abstract

After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, we apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mismatches. In reviewing developments over this decade, we find that the currency and maturity mismatches have fallen across various sectors, and the intersectoral risks to each analyzed sector’s balance sheet appear controllable. The government has implemented reforms in recent years that have contributed to general improvement in the balance sheet of the Mauritian economy and its subsectors. We conclude that from a BSA perspective, the macroeconomic vulnerabilities of Mauritius seem manageable, though vulnerabilities remain, and data gaps mean that more work will be needed to support these findings.

Suggested Citation

  • Patrick A. Imam & Rainer Koehler, 2010. "Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks," IMF Working Papers 10/148, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:10/148
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    References listed on IDEAS

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    1. Guillermo A. Calvo & Carmen M. Reinhart, 2002. "Fear of Floating," The Quarterly Journal of Economics, Oxford University Press, vol. 117(2), pages 379-408.
    2. Hausmann, Ricardo & Panizza, Ugo & Stein, Ernesto, 2001. "Why do countries float the way they float?," Journal of Development Economics, Elsevier, vol. 66(2), pages 387-414, December.
    3. Ernesto Talvi & Carlos A. Vegh, 2000. "Tax Base Variability and Procyclical Fiscal Policy," NBER Working Papers 7499, National Bureau of Economic Research, Inc.
    4. Camelia Minoiu & Patrick A. Imam, 2008. "Mauritius; A Competitiveness Assessment," IMF Working Papers 08/212, International Monetary Fund.
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    Cited by:

    1. Jeffrey Frankel, 2014. "Mauritius: African Success Story," NBER Chapters,in: African Successes, Volume IV: Sustainable Growth, pages 295-342 National Bureau of Economic Research, Inc.
    2. Svetlana Cerovic & Jose Saboin, 2016. "Dominican Republic; Sectoral Financial Positions and Macroeconomic Vulnerabilities," IMF Working Papers 16/208, International Monetary Fund.

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