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|c 5.00 USD
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|z 9781451862867
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Hauner, David.
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|a Fiscal Policy and Financial Development /
|c David Hauner.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a We examine the effects of public sector borrowing from the domestic banking system on financial development in middle-income countries. While these countries' external debt has been falling, the share of bank credit absorbed by the public sector has been rising rapidly. We argue that this runs the risk of slowing financial development by affecting structural characteristics of the banking systems. We find empirical evidence that too much public sector borrowing harms financial deepening, and that banks mainly lending to the public sector tend to be more profitable but less efficient. We note that these effects add to the costs of fiscal prolificacy.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2006/026
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/026/001.2006.issue-026-en.xml
|z IMF e-Library
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