LEADER 04969oam 22012854 450 001 9910955022203321 005 20250426110058.0 010 $a9786613827692 010 $a9781462398249 010 $a1462398243 010 $a9781452779416 010 $a1452779414 010 $a9781283515245 010 $a1283515245 010 $a9781451908220 010 $a1451908229 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(IMF)WPIEA2006026 035 $aWPIEA2006026 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (26 p.) 225 1 $aIMF Working Papers 300 $a"January 2006." 311 08$a9781451862867 311 08$a1451862865 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 $aBank credit$2imf 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aCivil service & public sector$2imf 606 $aCredit$2imf 606 $aDepository Institutions$2imf 606 $aFinance$2imf 606 $aFinance, Public$2imf 606 $aFinance: General$2imf 606 $aFinancial Markets and the Macroeconomy$2imf 606 $aFinancial sector development$2imf 606 $aFinancial services industry$2imf 606 $aMacroeconomics$2imf 606 $aMicro Finance Institutions$2imf 606 $aMonetary economics$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMortgages$2imf 606 $aPublic Enterprises$2imf 606 $aPublic sector$2imf 606 $aPublic-Private Enterprises$2imf 615 0$aFiscal policy. 615 0$aDebts, Public. 615 0$aFinance. 615 0$aBanks and banking. 615 0$aEconomic development. 615 7$aBank credit 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aCivil service & public sector 615 7$aCredit 615 7$aDepository Institutions 615 7$aFinance 615 7$aFinance, Public 615 7$aFinance: General 615 7$aFinancial Markets and the Macroeconomy 615 7$aFinancial sector development 615 7$aFinancial services industry 615 7$aMacroeconomics 615 7$aMicro Finance Institutions 615 7$aMonetary economics 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aMoney and Monetary Policy 615 7$aMortgages 615 7$aPublic Enterprises 615 7$aPublic sector 615 7$aPublic-Private Enterprises 700 $aHauner$b David$01815890 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910955022203321 996 $aFiscal Policy and Financial Development$94372897 997 $aUNINA