Fiscal Accounting of Bank Restructuring

Current guidelines and practice for classifying government bank assistance operations inadequately capture in the fiscal balance some of the most common, and important, operations. The shortcomings result from the focus on the general government, the exclusion of non-cash operations, and divergences...

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Bibliographic Details
Main Author: Wolfe, Andy
Other Authors: Daniel, James, Davis, Jeffrey
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1997
Series:IMF Policy Discussion Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Fiscal Accounting of Bank Restructuring  |c Andy Wolfe, Jeffrey Davis, James Daniel 
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300 |a 18 pages 
651 4 |a Finland 
653 |a Fiscal stance 
653 |a Payment Systems 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Regimes 
653 |a Bank resolution 
653 |a Fiscal Policy 
653 |a Mortgages 
653 |a Money 
653 |a National Government Expenditures and Related Policies: General 
653 |a Central banks 
653 |a Standards 
653 |a Currencies 
653 |a Macroeconomics 
653 |a Banking 
653 |a Quasi-fiscal operations 
653 |a Depository Institutions 
653 |a Economic & financial crises & disasters 
653 |a Government and the Monetary System 
653 |a Monetary economics 
653 |a Micro Finance Institutions 
653 |a Crisis management 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Fiscal policy 
653 |a Banks and banking, Central 
653 |a Expenditure 
653 |a Banks and Banking 
653 |a Expenditures, Public 
653 |a Monetary Systems 
653 |a Central Banks and Their Policies 
653 |a Public Finance 
653 |a Money and Monetary Policy 
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700 1 |a Davis, Jeffrey 
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520 |a Current guidelines and practice for classifying government bank assistance operations inadequately capture in the fiscal balance some of the most common, and important, operations. The shortcomings result from the focus on the general government, the exclusion of non-cash operations, and divergences between the timing of cash outlays and the economic impact of assistance operations. Complementing the standard measures of the fiscal balance with an “augmented” balance would provide a definition that is transparent, comprehensive, and reasonably comparable across countries. The augmented balance would explicitly incorporate the major quantifiable fiscal costs of bank assistance operations that are not already included in current definitions of the overall balance