Quasi-fiscal deficits and energy conditionality in selected CIS countries /
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| Author / Creator: | Saavalainen, Tapio, author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, Middle East and Central Asia Dept., ©2006. |
| Description: | 1 online resource (35 pages) : illustrations |
| Language: | English |
| Series: | IMF working paper ; WP/06/43 IMF working paper ; WP/06/43. |
| Subject: | |
| Format: | E-Resource U.S. Federal Government Document Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12498973 |
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| 100 | 1 | |a Saavalainen, Tapio, |e author. |0 http://id.loc.gov/authorities/names/n84200122 | |
| 245 | 1 | 0 | |a Quasi-fiscal deficits and energy conditionality in selected CIS countries / |c prepared by Tapio Saavalainen and Joy ten Berge. |
| 260 | |a [Washington, D.C.] : |b International Monetary Fund, Middle East and Central Asia Dept., |c ©2006. | ||
| 300 | |a 1 online resource (35 pages) : |b illustrations | ||
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| 490 | 1 | |a IMF working paper ; |v WP/06/43 | |
| 588 | 0 | |a Print version record. | |
| 520 | 3 | |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. | |
| 505 | 0 | |a Contents -- I. INTRODUCTION -- II. MEASURING THE QUASI-FISCAL DEFICIT -- III. MACROECONOMIC RELEVANCE OF QUASI-FISCAL DEFICITS -- IV. ENERGY SECTOR CONDITIONALITY -- V. OUTCOMES AND LESSONS LEARNED -- VI. POLICY OPTIONS -- VII. EPILOGUE -- References | |
| 650 | 0 | |a Municipal services |z Former Soviet republics. | |
| 650 | 0 | |a Government business enterprises |z Former Soviet republics. | |
| 650 | 0 | |a Public utilities |z Former Soviet republics. | |
| 650 | 0 | |a Deficit financing |z Former Soviet republics. | |
| 650 | 7 | |a Deficit financing. |2 fast |0 (OCoLC)fst00889732 | |
| 650 | 7 | |a Government business enterprises. |2 fast |0 (OCoLC)fst00945198 | |
| 650 | 7 | |a Municipal services. |2 fast |0 (OCoLC)fst01029431 | |
| 650 | 7 | |a Public utilities. |2 fast |0 (OCoLC)fst01083130 | |
| 651 | 7 | |a Soviet Union |z Former Soviet republics. |2 fast |0 (OCoLC)fst01262458 | |
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| 700 | 1 | |a Berge, Joy ten, |e author. | |
| 710 | 2 | |a International Monetary Fund. |b Middle East and Central Asia Department. |0 http://id.loc.gov/authorities/names/no2004029012 | |
| 830 | 0 | |a IMF working paper ; |v WP/06/43. |0 http://id.loc.gov/authorities/names/no89010263 | |
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