|**Banking Sector Vulnerabilities**|||
|---|---|---|
|Capital AdequacyRatio(%)|Total equitydivided bytotal assets(2006)|BankScope|
|LiquidityRatio(%)|Cash and due from banks divided bytotal assets(2006)|BankScope|
|Private Credit to GDP Ratio (%)|Credit extended by deposit money banks and other<br>institutions to the private sector measured as a fraction<br>of GDP(2006)|Financial Structure Database 2008 (World Bank)|
|Banking Activity Composite Index|Index that captures the extent to which banks are<br>restricted from getting involved in securities and<br>insurance underwriting, and real estate and commercial<br>operations. Higher numbers mean larger restrictions.|Banking Regulation & Supervision Survey 2005 (World<br>Bank)|
|**Corporate Sector Vulnerabilities**|||
|Total Debt to Assets Ratio (%)|Weighted average (across all firms in each country) total<br>debt divided bytotal assets(2006)|World Scope|
|Short-term Debt to Total Assets<br>Ratio(%)|Weighted average (across all firms in each country)<br>short-term debt divided bytotal assets(2006)|World Scope|
|Return on Assets (%)|Weighted average (across all firms in each country) of<br>net income(2006)to total assets(2006)|World Scope|
|Cash to Total Assets Ratio (%)|Weighted average (across all firms in each country) of<br>cash divided bytotal assets(2006)|World Scope|
|Firms with Interest Coverage<1 (%)|% of firms with interest coverage ratio smaller than 1<br>(2006), where interest coverage ratio is defined as<br>earnings to interest rate expenses.|World Scope|
|**Macroeconomic Vulnerabilities**|||
|Budget Surplus or Deficit/GDP (%)|Government budget surplus or deficit (2006) to current<br>GDP(2006)|World Development Indicator|
|Current Account Balance/GDP (%)|Current account balance (2006) divided by current GDP<br>(2006), where current account balance is the sum of (i)<br>exports minus imports, (ii) earnings on foreign<br>investments minus payments made to foreign investors,<br>and(iii)net transfers.|Balance of Payments & International Investment Position<br>Statistics (IMF) and World Development Indicator|
|Financial Account Balance/GDP(%)|Financial account balance (2006) divided by current<br>GDP (2006), where financial account balance is capital<br>inflows-outflows.|Balance of Payments & International Investment Position<br>Statistics (IMF) and World Development Indicator|
|Total Reserves/GDP (%)|Total reserve assets (including gold, current US$)<br>divided bycurrent GDP(2006)|Balance of Payments & International Investment Position<br>Statistics(IMF)and World Development Indicator|
|Mortgage Debt to GDP (%)|Mortgage debt extended by financial institutions divided<br>bycurrent GDP(2006)|World Bank, IFC, BIS, EMF Hypostat, Market Watch, and<br>World Development Indicator|
|Mortgage Debt to GDP Growth Rate<br>2003-2006(%)|Percentage change in mortgage debt to current GDP<br>ratio between 2003 and 2006.|World Bank, IFC, BIS, EMF Hypostat, Market Watch, and<br>World Development Indicator|
|Avg. Annual Mortgage to GDP<br>Growth Rate 2003-2006(%)|The average of annual mortgage debt to current GDP<br>growth rate between 2003 and 2006.|World Bank, IFC, BIS, EMF Hypostat, Market Watch, and<br>World Development Indicator|
|Change in Real Estate Price 2003-<br>2006(%)|Percentage change in real estate prices between 2003<br>and 2006.|BIS and Glindro (2008)|

24