Fiscal Accounting of Bank Restructuring

Fiscal Accounting of Bank Restructuring

by Mr. Andrew M. Wolfe, Mr. Jeffrey M. Davis, Mr. James Daniel
     
 
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

Overview

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.

Product Details

ISBN-13:
9781455289141
Publisher:
INTERNATIONAL MONETARY FUND
Publication date:
05/01/1997
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
995 KB

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