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Quasi-fiscal deficits and energy conditionality in selected CIS countries /

Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring a...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Saavalainen, Tapio (Autor), Berge, Joy ten (Autor)
Autor Corporativo: International Monetary Fund. Middle East and Central Asia Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Middle East and Central Asia Dept., ©2006.
Colección:IMF working paper ; WP/06/43.
Temas:
Acceso en línea:Texto completo

MARC

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520 3 |a Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring and monitoring such deficits and highlights their macroeconomic relevance. It reviews the progress under IMF conditionality aimed at correcting these imbalances during 1993-2003. The paper suggests that the extensive conditionality under the IMF-supported programs has yielded only limited progress in reducing the energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned. 
505 0 |a Contents -- I. INTRODUCTION -- II. MEASURING THE QUASI-FISCAL DEFICIT -- III. MACROECONOMIC RELEVANCE OF QUASI-FISCAL DEFICITS -- IV. ENERGY SECTOR CONDITIONALITY -- V. OUTCOMES AND LESSONS LEARNED -- VI. POLICY OPTIONS -- VII. EPILOGUE -- References 
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650 0 |a Municipal services  |z Former Soviet republics. 
650 0 |a Government business enterprises  |z Former Soviet republics. 
650 0 |a Public utilities  |z Former Soviet republics. 
650 0 |a Deficit financing  |z Former Soviet republics. 
650 6 |a Services municipaux  |z Ex-URSS. 
650 6 |a Entreprises publiques  |z Ex-URSS. 
650 6 |a Services publics  |z Ex-URSS. 
650 6 |a Financement par le déficit  |z Ex-URSS. 
650 7 |a Deficit financing  |2 fast 
650 7 |a Government business enterprises  |2 fast 
650 7 |a Municipal services  |2 fast 
650 7 |a Public utilities  |2 fast 
651 7 |a Soviet Union  |z Former Soviet republics  |2 fast 
700 1 |a Berge, Joy ten,  |e author. 
710 2 |a International Monetary Fund.  |b Middle East and Central Asia Department. 
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