Quasi-fiscal operations of public financial Institutions
Material type:
- 1557755833
- 339.523 MAC
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Gandhi Smriti Library | 339.523 MAC (Browse shelf(Opens below)) | Available | 80853 |
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Central banks and other public financial institutions often carry out operations that are fiscal in all but name. Despite their potential macroeconomic and financial signif icance, these "quasi-fiscal" operations or activities have not received a great deal of attention from economists. This Occasional Paper aims to fill this gap by providing a comprehensive analysis of the macroeconomic and financial aspects of quasi-fiscal activity. It examines problems related to the measurement and allocative impact of such operations, the implications of their exclusion from conventional budgets, and possible policy responses.
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