LEADER 04750oam  22011894  450 
001 9910788405103321
005 20230828235703.0
010   $a1-4623-9824-3
010   $a1-4527-7941-4
010   $a1-283-51524-5
010   $a9786613827692
010   $a1-4519-0822-9
035   $a(CKB)3360000000443697
035   $a(EBL)3014380
035   $a(SSID)ssj0001475822
035   $a(PQKBManifestationID)11785724
035   $a(PQKBTitleCode)TC0001475822
035   $a(PQKBWorkID)11486432
035   $a(PQKB)11301074
035   $a(OCoLC)712989259
035   $a(MiAaPQ)EBC3014380
035   $a(IMF)WPIEE2006026
035   $a(EXLCZ)993360000000443697
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aFiscal Policy and Financial Development /$fDavid Hauner
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (26 p.)
225 1 $aIMF Working Papers
300   $a"January 2006."
311   $a1-4518-6286-5 
320   $aIncludes bibliographical references (p. 22-24).
327   $a""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 REMARKSa???IMPLICATIONS FOR FISCAL POLICY""; ""APPENDIX TABLES""; ""REFERENCES""
330 3 $aWe examine the effects of public sector borrowing from the domestic banking system on financial development in middle-income countries. While these countries' external debt has been falling, the share of bank credit absorbed by the public sector has been rising rapidly. We argue that this runs the risk of slowing financial development by affecting structural characteristics of the banking systems. We find empirical evidence that too much public sector borrowing harms financial deepening, and that banks mainly lending to the public sector tend to be more profitable but less efficient. We note that these effects add to the costs of fiscal prolificacy.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/026
606   $aFiscal policy
606   $aDebts, Public
606   $aFinance
606   $aBanks and banking
606   $aEconomic development
606   $aBanks and Banking$2imf
606   $aFinance: General$2imf
606   $aMacroeconomics$2imf
606   $aMoney and Monetary Policy$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aPublic Enterprises$2imf
606   $aPublic-Private Enterprises$2imf
606   $aFinancial Markets and the Macroeconomy$2imf
606   $aMonetary economics$2imf
606   $aCivil service & public sector$2imf
606   $aFinance$2imf
606   $aBanking$2imf
606   $aPublic sector$2imf
606   $aFinancial sector development$2imf
606   $aCredit$2imf
606   $aBank credit$2imf
606   $aFinance, Public$2imf
606   $aFinancial services industry$2imf
606   $aBanks and banking$2imf
615  0$aFiscal policy.
615  0$aDebts, Public.
615  0$aFinance.
615  0$aBanks and banking.
615  0$aEconomic development.
615  7$aBanks and Banking
615  7$aFinance: General
615  7$aMacroeconomics
615  7$aMoney and Monetary Policy
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aPublic Enterprises
615  7$aPublic-Private Enterprises
615  7$aFinancial Markets and the Macroeconomy
615  7$aMonetary economics
615  7$aCivil service & public sector
615  7$aFinance
615  7$aBanking
615  7$aPublic sector
615  7$aFinancial sector development
615  7$aCredit
615  7$aBank credit
615  7$aFinance, Public
615  7$aFinancial services industry
615  7$aBanks and banking
700   $aHauner$b David$01485145
712 02$aInternational Monetary Fund.$bFiscal Affairs Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788405103321
996   $aFiscal Policy and Financial Development$93850022
997   $aUNINA