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01849cas a2200253 a 4500 |
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|c 5.00 USD
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|z 9781451863031
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|a 1018-5941
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|a Saavalainen, Tapio.
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|a Quasi-Fiscal Deficits and Energy Conditionality in Selected CIS Countries /
|c Tapio Saavalainen, Joy Mylene Berge.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2006.
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|a 1 online resource (37 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 Quasi-fiscal deficits of public utility companies are common in all member countries of the Commonwealth of Independent States (CIS). They constitute a significant impediment to efficient resource allocation and endanger macroeconomic stability. This paper presents a simple framework for measuring and monitoring such deficits and highlights their macroeconomic relevance. It reviews the progress under IMF conditionality aimed at correcting these imbalances during 1993-2003. The paper suggests that the extensive conditionality under the IMF-supported programs has yielded only limited progress in reducing the energy sector's financial imbalances. In conclusion, different policy options are discussed in light of the lessons learned.
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|a Mode of access: Internet
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|a Berge, Joy Mylene.
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|a IMF Working Papers; Working Paper ;
|v No. 2006/043
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2006/043/001.2006.issue-043-en.xml
|z IMF e-Library
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