Development finance institutions : measuring their subsidy / / Mark Schreiner, Jacob Yaron

• Autore: Schreiner Mark <1969->
• Pubblicazione: Washington, D.C., : World Bank, 2001
• Edizione: 1st ed.
• Descrizione fisica: xii, 100 pages : illustrations ; ; 23 cm
• Disciplina: 332.2/8
• Soggetto topico: Development credit corporations; Development banks; Subsidies; Externalities (Economics)
• Altri autori: YaronJacob
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di bibliografia: Includes bibliographical references (p. 90-100).
• Nota di contenuto: Intro -- Contents -- Abstract -- Acknowledgments -- Glossary of Acronyms -- Glossary of Notation -- Introduction -- What Is the Subsidy Dependence Index? -- What Is Net Present Cost to Society? -- Is the Subsidy Dependence Index Redundant? -- What Does the Rest of the Monograph Cover? -- 1. Why Measure the Social Cost of Public Development Finance Institutions? -- What Is a Public Development Finance Institution? -- Who Bears the Costs and Who Reaps the Benefits of Public Development Finance Institutions? -- How Do Public Development Finance Institutions Differ from Other Public Projects? -- Why Does Society Subsidize Public Development Finance Institutions? -- How Can Society Measure the Benefits of Public Development Finance Institutions? -- What Is the Opportunity Cost to Society of Public Funds Used by Development Finance Institutions? -- Why Does the Measurement of Costs Boost Performance? -- 2. What Is a Measure of the Social Cost of a Public Development Finance Institution in the Short Term? -- How Does a Development Finance Institution Get Subsidies? -- What Forms of Subsidized Funds Does a Development Finance Institution Get? -- Numerical Examples of the Subsidy Dependence Index -- Is Subsidy in the Subsidy Dependence Index Related to a Subsidy-Adjusted Return on Equity? -- How Does the Subsidy Dependence Index Change as Its Parts Change? -- 3. What Is a Measure of the Social Cost of a Public Development Finance Institution in the Long Term? -- How Does the Net Present Cost to Society Discount Flows? -- What Questions Does the Net Present Cost to Society Inform? -- What Are the Net Present Cost to Society and the Subsidy Dependence Index in the Long Term for the Example Development Finance Institution? -- 4. What Are the Pitfalls When Calculating the Subsidy Dependence Index or Net Present Cost to Society?. ; What Is the Social Opportunity Cost? -- What Can Be Done to Cope with Accounting Data? -- What Are Other Pitfalls and Caveats? -- What Are the Key Caveats? -- 5. Recent Proposed Changes to the Subsidy Dependence Index -- The Subsidy Dependence Ratio of Khandker -- The Profitability Gap of Sacay -- The Average Subsidy Dependence Index of Hulme and Mosley -- Appendix: A Framework to Approximate the Opportunity Costs of Private Entities -- What Is the Price of Private Debt? -- What Is the Price of Private Equity? -- References -- Tables -- 2.1. Types of Subsidized Funds -- 2.2. Balance Sheet -- 2.3. Income Statement -- 2.4. Calculation of the Subsidy Dependence Index -- 2.5. Alternative Calculation of the Subsidy Dependence Index -- 2.6. ROE, SAROE, ROA, and SAROA -- 3.1. Net Present Cost to Society -- 4.1. Balance Sheet with Loan Losses -- 4.2. Income Statement with Loan Losses -- 4.3. Summary with Loan Losses -- A.1. Private Opportunity Costs -- A.2. Subsidy Dependence Index with Private Opportunity Costs -- Figures -- 1.1. Five Possible Proxies of the Social Opportunity Cost -- 2.1. Profit Grants and ROE -- 2.2. Grameen:Inflation and Nominal and Real Yields -- 2.3. BancoSol:Inflation and Nominal and Real Yields -- 2.4. ROE versus SAROE for the Example DFI -- 2.5. ROA versus SAROA for the Example DFI -- 2.6. The SDI and the Yield on Loans, i -- 2.7. The SDI and the Rate Paid for Public Debt, c -- 2.8. The SDI and the Social Opportunity Cost, m -- 2.9. The SDI and Administrative Expenses -- 2.10. The SDI and the Ratio of Deposits to Public Debt -- Boxes -- I.1. Social Cost Is the Road Not Taken -- I.2. Economic Value Added, Subsidy for For-Profit Firms -- I.3. Social Worthwhileness, Subsidy Independence, Private Profitability, and Self-Sustainability -- 2.1. How Profit Grants Affect Profit and Return on Equity. ; 2.2. Real Yields at Grameen and BancoSol -- 2.3. The Subsidy Dependence Index and Average Equity at Bank Rakyat Indonesia -- 2.4. The Subsidy Dependence Index and Subsidy-Adjusted Return on Equity for an African DFI.
• Titolo autorizzato: Development finance institutions
• ISBN: 1-280-08440-5; 9786610084401; 0-585-46127-9
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910818835203321
• Lo trovi qui: Univ. Federico II
• Serie: Directions in development (Washington, D.C.)