Fiscal Accounting of Bank Restructuring

By Andy M. Wolfe, Jeffrey M. Davis, James Daniel

May 1, 1997

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Format: Chicago

Andy M. Wolfe, Jeffrey M. Davis, and James Daniel. Fiscal Accounting of Bank Restructuring, (USA: International Monetary Fund, 1997) accessed December 24, 2024

Summary

Current guidelines and practice for classifying government bank assistance operations inadequately capture in the fiscal balance some of the most common, and important, operations. The shortcomings result from the focus on the general government, the exclusion of non-cash operations, and divergences between the timing of cash outlays and the economic impact of assistance operations. Complementing the standard measures of the fiscal balance with an “augmented” balance would provide a definition that is transparent, comprehensive, and reasonably comparable across countries. The augmented balance would explicitly incorporate the major quantifiable fiscal costs of bank assistance operations that are not already included in current definitions of the overall balance.

Subject: Bank resolution, Banking, Central banks, Currencies, Expenditure, Financial crises, Fiscal policy, Fiscal stance, Money, Quasi-fiscal operations

Keywords: Accounting, Assistance operation, Augmented balance, Bank, Bank assistance cost, Bank assistance measure, Bank resolution, Banks, Banks equivalent, Cash, Currencies, Debt, Fiscal, Fiscal stance, Interbank debt, Outlay, PDP, Quasi-fiscal operations

Publication Details

Pages:

18
Volume:

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DOI:

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Issue:

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Series:

Policy Discussion Paper No. 1997/005
Stock No:

PPIEA0051997
ISBN:

9781451972573
ISSN:

1564-5193

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