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Quasi-Fiscal Operations of Public Financial Institutions [electronic resource] Mackenzie, G. A..

Author/Creator:
Mackenzie, G. A.
Publication:
Washington, D.C. : International Monetary Fund, 1996.
Format/Description:
Government document
Book
1 online resource (45 p.)
Series:
IMF eLibrary
Occasional Papers; Occasional Paper No. 142.
Occasional Papers; Occasional Paper No. 142
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Local subjects:
Aggregate demand. (search)
Central bank. (search)
Central banks. (search)
Commercial bank loan. (search)
Currency debt. (search)
Current exchange rate. (search)
Debt obligations. (search)
Debt relief. (search)
Debt rescheduling. (search)
Debt service. (search)
Debt-service obligations. (search)
Discount rate. (search)
Domestic currency. (search)
Domestic debt. (search)
Exchange rate. (search)
Exchange rate appreciation. (search)
Exchange rate guarantee. (search)
Exchange rate guarantees. (search)
Exchange rate regime. (search)
Exchange rate risk. (search)
Exchange rates. (search)
Exchange risk. (search)
Exchange sales. (search)
External borrowing. (search)
External debt. (search)
External debt obligations. (search)
External debt service. (search)
External liabilities. (search)
External public debt. (search)
External public sector debt. (search)
Foreign debt. (search)
Foreign exchange. (search)
Foreign exchange market. (search)
Foreign exchange sales. (search)
Foreign loans. (search)
Government bailouts. (search)
Government deficit. (search)
Government securities. (search)
High reserve requirements. (search)
Inflation. (search)
International monetary system. (search)
Liquidity management. (search)
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Market for government securities. (search)
Minimum reserve requirements. (search)
Monetary base. (search)
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Monetary fund. (search)
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Monetary policy. (search)
Monetary stability. (search)
Monetary survey. (search)
Monetary system. (search)
Money balances. (search)
Money market. (search)
National bank. (search)
Open market operation. (search)
Open market operations. (search)
Principal repayments. (search)
Private banks. (search)
Private debt. (search)
Private financial institutions. (search)
Public debt. (search)
Public external debt. (search)
Public finances. (search)
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Chile. (search)
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Summary:
Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their ""quasi-fiscal"" operations and activities can affect the overall public sector balance without affecting the budget deficit as conventionally measured, may also have important allocative effects, and increase the effective size of the public sector. This paper analyzes the macroeconomic and financial effects of such quasi-fiscal activities, as well as the taxes, subsidies, and other expenditures that such activities introduce outside the budget. Measurement and accounting issues are addressed, and policy recommendations are offered.
Notes:
Description based on print version record.
Contributor:
Mackenzie, G. A.
Stella, Peter.
Other format:
Print Version:
ISBN:
1557755833:
9781557755834
ISSN:
0251-6365
Publisher Number:
10.5089/9781557755834.084
Access Restriction:
Restricted for use by site license.