Fiscal Accounting of Bank Restructuring

Author/Editor:

Andy M. Wolfe ; Jeffrey M. Davis ; James Daniel

Publication Date:

May 1, 1997

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Papers on Policy Analysis and Assessment No. 97/5

Subject:

English

Publication Date:

May 1, 1997

ISBN/ISSN:

9781451972573/1934-7456

Stock No:

PPIEA0051997

Format:

Paper

Pages:

18

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