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1. |
Record Nr. |
UNINA9910773393603321 |
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Titolo |
Austria: Compulsory Voting |
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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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2. |
Record Nr. |
UNINA9910955022203321 |
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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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9786613827692 |
9781462398249 |
1462398243 |
9781452779416 |
1452779414 |
9781283515245 |
1283515245 |
9781451908220 |
1451908229 |
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Edizione |
[1st ed.] |
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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 |
Bank credit |
Banking |
Banks and Banking |
Banks |
Civil service & public sector |
Credit |
Depository Institutions |
Finance, Public |
Finance: General |
Financial Markets and the Macroeconomy |
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Financial sector development |
Financial services industry |
Macroeconomics |
Micro Finance Institutions |
Monetary economics |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Money and Monetary Policy |
Mortgages |
Public Enterprises |
Public sector |
Public-Private Enterprises |
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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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