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 Finance & Development, June 2002 by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Capital Inflows and Balance of Payments Pressures - Tailoring Policy Responses in Emerging Market Economies by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book IMF-Supported Programs in Capital Account Crises: Design and Experience by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book India Goes Global: Its Expanding Role in the Global Economy by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book World Economic Outlook, September 2005: Building Institutions by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Approaches to Corporate Debt Restructuring in the Wake of Financial Crises by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book World Economic Outlook, April 2002: Recessions and Recoveries by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book The Macroeconomics of Scaling Up Aid: Lessons from Recent Experience by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Oman Beyond the Oil Horizon: Policies Toward Sustainable Growth by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Finance & Development, December 1991 by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Considering the IMF's Perspective on a "Sound Fiscal Policy" by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Finance & Development, June 1980 by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book The Baltics: Competitiveness on the Eve of EU Accession by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book Studies of IMF Governance: A Compendium by G. Mr. Mackenzie, Peter Mr. Stella
Cover of the book The Payment System and Monetary Policy 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