01904cas a2200265 a 4500 AALejournalIMF000377 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451972573 1934-7456 BD-DhAAL BD-DhAAL Wolfe, Andy. Fiscal Accounting of Bank Restructuring / Andy Wolfe, Jeffrey Davis, James Daniel. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (18 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Current guidelines and practice for classifying government bank assistance operations inadequately capture in the fiscal balance some of the most common, and important, operations. The shortcomings result from the focus on the general government, the exclusion of non-cash operations, and divergences between the timing of cash outlays and the economic impact of assistance operations. Complementing the standard measures of the fiscal balance with an 'augmented' balance would provide a definition that is transparent, comprehensive, and reasonably comparable across countries. The augmented balance would explicitly incorporate the major quantifiable fiscal costs of bank assistance operations that are not already included in current definitions of the overall balance. Mode of access: Internet Daniel, James. Davis, Jeffrey. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 1997/005 Full text available on IMF http://elibrary.imf.org/view/journals/003/1997/005/003.1997.issue-005-en.xml IMF e-Library