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Fiscal policy and financial development /
We examine the effects of public sector borrowing from the domestic banking system on financial development in middle-income countries. While these countries' external debt has been falling, the share of bank credit absorbed by the public sector has been rising rapidly. We argue that this runs...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund, Fiscal Affairs Dept.,
©2006.
|
| Colección: | IMF working paper ;
WP/06/26. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Hauner, David, |e author. | |
| 245 | 1 | 0 | |a Fiscal policy and financial development / |c prepared by David Hauner. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Fiscal Affairs Dept., |c ©2006. | ||
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| 490 | 1 | |a IMF working paper ; |v WP/06/26 | |
| 504 | |a Includes bibliographical references (pages 22-24). | ||
| 588 | 0 | |a Print version record. | |
| 520 | |a We examine the effects of public sector borrowing from the domestic banking system on financial development in middle-income countries. While these countries' external debt has been falling, the share of bank credit absorbed by the public sector has been rising rapidly. We argue that this runs the risk of slowing financial development by affecting structural characteristics of the banking systems. We find empirical evidence that too much public sector borrowing harms financial deepening, and that banks mainly lending to the public sector tend to be more profitable but less efficient. We note that these effects add to the costs of fiscal prolificacy. | ||
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. HOW IMPORTANT IS PUBLIC SECTOR CREDIT, AND WHERE? -- III. HOW PUBLIC SECTOR CREDIT COULD HARM FINANCIAL DEVELOPMENT -- IV. DOES PUBLIC SECTOR CREDIT AFFECT THE DEPTH OF FINANCIAL DEVELOPMENT? -- V. DOES PUBLIC SECTOR CREDIT AFFECT THE QUALITY OF FINANCIAL DEVELOPMENT? -- VI. CONCLUDING REMARKS�IMPLICATIONS FOR FISCAL POLICY -- APPENDIX TABLES -- REFERENCES | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Fiscal policy. | |
| 650 | 0 | |a Debts, Public. | |
| 650 | 0 | |a Finance. | |
| 650 | 0 | |a Banks and banking. | |
| 650 | 0 | |a Economic development. | |
| 650 | 6 | |a Politique fiscale. | |
| 650 | 6 | |a Dettes publiques. | |
| 650 | 6 | |a Finances. | |
| 650 | 6 | |a Développement économique. | |
| 650 | 7 | |a finance. |2 aat | |
| 650 | 7 | |a economic development. |2 aat | |
| 650 | 7 | |a Banks and banking |2 fast | |
| 650 | 7 | |a Debts, Public |2 fast | |
| 650 | 7 | |a Economic development |2 fast | |
| 650 | 7 | |a Finance |2 fast | |
| 650 | 7 | |a Fiscal policy |2 fast | |
| 710 | 2 | |a International Monetary Fund. |b Fiscal Affairs Department. | |
| 758 | |i has work: |a Fiscal policy and financial development (Text) |1 https://id.oclc.org/worldcat/entity/E39PCH7QKdPXBcvwpM9yTBJfVP |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 830 | 0 | |a IMF working paper ; |v WP/06/26. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=3014380 |z Texto completo |
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