Quasi-Fiscal Operations of Public Financial Institutions

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Quasi-Fiscal Operations of Public Financial Institutions by G. Mr. Mackenzie, Peter Mr. Stella, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: G. Mr. Mackenzie, Peter Mr. Stella ISBN: 9781452768144
Publisher: INTERNATIONAL MONETARY FUND Publication: October 24, 1996
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: G. Mr. Mackenzie, Peter Mr. Stella
ISBN: 9781452768144
Publisher: INTERNATIONAL MONETARY FUND
Publication: October 24, 1996
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their "quasi-fiscal" operations and activities can affect the overall public sector balance without affecting the budget deficit as conventionally measured, may also have important allocative effects, and increase the effective size of the public sector. This paper analyzes the macroeconomic and financial effects of such quasi-fiscal activities, as well as the taxes, subsidies, and other expenditures that such activities introduce outside the budget. Measurement and accounting issues are addressed, and policy recommendations are offered.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their "quasi-fiscal" operations and activities can affect the overall public sector balance without affecting the budget deficit as conventionally measured, may also have important allocative effects, and increase the effective size of the public sector. This paper analyzes the macroeconomic and financial effects of such quasi-fiscal activities, as well as the taxes, subsidies, and other expenditures that such activities introduce outside the budget. Measurement and accounting issues are addressed, and policy recommendations are offered.

More books from INTERNATIONAL MONETARY FUND

Cover of the book From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book IEO Annual Report 2010 by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Fund Supported Adjustment Programs and Economic Growth by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Finance & Development, Septemer 2010 by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book China: Competing in the Global Economy by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book A Better World for All: Progress Toward the International Development Goals by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Fiscal Policy Rules by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Central America: Structural Foundations for Regional Financial Integration by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Reforming China's Public Finances by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book How Emerging Europe Came Through the 2008/09 Crisis: An Account by the Staff of the IMF's European Department by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Building a Common Future in Southern Africa: Challenges and Opportunities by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Frontier and Developing Asia: The Next Generation of Emerging Markets by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Statistical Implications of Inflation Targeting: Getting the Right Numbers and Getting the Numbers Right by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Risk Transfer and the Insurance Industry by G. Mr. Mackenzie, Peter Mr. Stella
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy