Quasi-fiscal deficits and energy conditionality in selected CIS countries / / prepared by Tapio Saavalainen and Joy ten Berge

• Autore: Saavalainen Tapio
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, Middle East and Central Asia Department, c2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (37 p.)
• Soggetto topico: Municipal services - Former Soviet republics; Government business enterprises - Former Soviet republics; Public utilities - Former Soviet republics; Deficit financing - Former Soviet republics
• Altri autori: BergeJoy ten
• Note generali: "February 2006".
• 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.
• Titolo autorizzato: Quasi-fiscal deficits and energy conditionality in selected CIS countries
• ISBN: 1-4623-1853-3; 1-4527-7134-0; 1-283-51258-0; 1-4519-0839-3; 9786613825032
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910826094103321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/43.