| |
|
|
|
|
|
|
|
1. |
Record Nr. |
UNINA9910788417203321 |
|
|
Autore |
Saavalainen Tapio |
|
|
Titolo |
Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries / / Tapio Saavalainen, Joy Mylène Berge |
|
|
|
|
|
|
|
Pubbl/distr/stampa |
|
|
Washington, D.C. : , : International Monetary Fund, , 2006 |
|
|
|
|
|
|
|
ISBN |
|
1-4623-1853-3 |
1-4527-7134-0 |
1-283-51258-0 |
1-4519-0839-3 |
9786613825032 |
|
|
|
|
|
|
|
|
Descrizione fisica |
|
1 online resource (37 p.) |
|
|
|
|
|
|
Collana |
|
|
|
|
|
|
Altri autori (Persone) |
|
|
|
|
|
|
Soggetti |
|
Municipal services - Former Soviet republics |
Government business enterprises - Former Soviet republics |
Public utilities - Former Soviet republics |
Deficit financing - Former Soviet republics |
Banks and Banking |
Investments: Energy |
Macroeconomics |
Taxation |
Industries: Energy |
Exports and Imports |
Mining, Extraction, and Refining: Hydrocarbon Fuels |
Fiscal Policy |
Socialist Systems and Transitional Economies: Planning, Coordination, and Reform |
International Monetary Arrangements and Institutions |
Structure, Scope, and Performance of Government |
Trade Policy |
International Trade Organizations |
Energy and the Macroeconomy |
Electric Utilities |
Comparison of Public and Private Enterprises and Nonprofit Institutions |
Privatization |
Contracting Out |
Banks |
Depository Institutions |
Micro Finance Institutions |
|
|
|
|
|
|
|
|
|
|
|
|
Mortgages |
International Lending and Debt Problems |
Public finance & taxation |
Petroleum, oil & gas industries |
Investment & securities |
Banking |
International economics |
Tariffs |
Energy sector |
Electricity |
Taxes |
Economic sectors |
Commodities |
External debt |
Tariff |
Energy industries |
Electric utilities |
Banks and banking |
Debts, External |
Kyrgyz Republic |
|
|
|
|
|
|
Lingua di pubblicazione |
|
|
|
|
|
|
Formato |
Materiale a stampa |
|
|
|
|
|
Livello bibliografico |
Monografia |
|
|
|
|
|
Note generali |
|
|
|
|
|
|
Nota di contenuto |
|
""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"" |
|
|
|
|
|
|
|
|
Sommario/riassunto |
|
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. |
|
|
|
|
|
|
|
| |