Fiscal policy and financial development

Fiscal policy and financial development
David Hauner, David Hauner
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Last edited by WorkBot
December 15, 2009 | History

Fiscal policy and financial development

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.

Publish Date
Language
English
Pages
24

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Edition Availability
Cover of: Fiscal Policy and Financial Development
Fiscal Policy and Financial Development
2006, International Monetary Fund
in English
Cover of: Fiscal Policy and Financial Development
Fiscal Policy and Financial Development
2006, International Monetary Fund
in English
Cover of: Fiscal policy and financial development
Fiscal policy and financial development
2006, International Monetary Fund, Fiscal Affairs Dept.
in English
Cover of: Fiscal Policy and Financial Development
Fiscal Policy and Financial Development
2006, International Monetary Fund
in English

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Book Details


Edition Notes

"January 2006."

Includes bibliographical references (p. 22-24).

Also available on the World Wide Web.

Published in
Washington, D.C
Series
IMF working paper -- WP/06/26

The Physical Object

Pagination
24 p. :
Number of pages
24

ID Numbers

Open Library
OL19573502M

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December 15, 2009 Edited by WorkBot link works
October 23, 2008 Created by ImportBot Imported from University of Toronto MARC record