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