The Fiscal Abuse of Central Banks:
This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecting seigniorage; (2) imposing financial restriction; (3) implementing selective credit...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1993
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Schriftenreihe: | IMF Working Papers
Working Paper No. 93/58 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecting seigniorage; (2) imposing financial restriction; (3) implementing selective credit policies; (4) undertaking foreign exchange operations at nonmarket-clearing prices; and (5) providing implicit or explicit deposit insurance at subsidized rates and recapitalizing insolvent financial institutions. Not all central banks engage in all these activities, but some central banks perform additional fiscal activities such as collecting taxes and running food procurement programs |
Beschreibung: | 1 Online-Ressource (28 p) |
ISBN: | 1451966563 9781451966565 |
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spelling | Fry, Maxwell J. Verfasser aut The Fiscal Abuse of Central Banks Fry, Maxwell J Washington, D.C International Monetary Fund 1993 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 93/58 This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecting seigniorage; (2) imposing financial restriction; (3) implementing selective credit policies; (4) undertaking foreign exchange operations at nonmarket-clearing prices; and (5) providing implicit or explicit deposit insurance at subsidized rates and recapitalizing insolvent financial institutions. Not all central banks engage in all these activities, but some central banks perform additional fiscal activities such as collecting taxes and running food procurement programs Online-Ausg http://elibrary.imf.org/view/IMF001/06984-9781451966565/06984-9781451966565/06984-9781451966565.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Fry, Maxwell J. The Fiscal Abuse of Central Banks |
title | The Fiscal Abuse of Central Banks |
title_auth | The Fiscal Abuse of Central Banks |
title_exact_search | The Fiscal Abuse of Central Banks |
title_exact_search_txtP | The Fiscal Abuse of Central Banks |
title_full | The Fiscal Abuse of Central Banks Fry, Maxwell J |
title_fullStr | The Fiscal Abuse of Central Banks Fry, Maxwell J |
title_full_unstemmed | The Fiscal Abuse of Central Banks Fry, Maxwell J |
title_short | The Fiscal Abuse of Central Banks |
title_sort | the fiscal abuse of central banks |
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