Fiscal policy and financial development / / prepared by David Hauner

• Autore: Hauner David
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Fiscal Affairs Dept., c2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (26 p.)
• Soggetto topico: Fiscal policy; Debts, Public; Finance; Banks and banking; Economic development
• Note generali: "January 2006."
• Nota di bibliografia: Includes bibliographical references (p. 22-24).
• Nota di contenuto: ""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 REMARKSâ€?IMPLICATIONS FOR FISCAL POLICY""; ""APPENDIX TABLES""; ""REFERENCES""
• Sommario/riassunto: 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.
• Titolo autorizzato: Fiscal Policy and Financial Development
• ISBN: 1-4623-9824-3; 1-4527-7941-4; 1-283-51524-5; 9786613827692; 1-4519-0822-9
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910816281303321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/26.