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Record Nr. |
UNINA9910788405103321 |
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Autore |
Hauner David |
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Titolo |
Fiscal Policy and Financial Development / / David Hauner |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-9824-3 |
1-4527-7941-4 |
1-283-51524-5 |
9786613827692 |
1-4519-0822-9 |
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Descrizione fisica |
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1 online resource (26 p.) |
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Collana |
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Soggetti |
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Fiscal policy |
Debts, Public |
Finance |
Banks and banking |
Economic development |
Banks and Banking |
Finance: General |
Macroeconomics |
Money and Monetary Policy |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Public Enterprises |
Public-Private Enterprises |
Financial Markets and the Macroeconomy |
Monetary economics |
Civil service & public sector |
Banking |
Public sector |
Financial sector development |
Credit |
Bank credit |
Finance, Public |
Financial services industry |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references (p. 22-24). |
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Nota di contenuto |
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""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"" |
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Sommario/riassunto |
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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. |
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