01697cas a2200241 a 4500 AALejournalIMF009008 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451966565 1018-5941 BD-DhAAL BD-DhAAL Fry, Maxwell. The Fiscal Abuse of Central Banks / Maxwell Fry. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (28 pages) IMF Working 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 This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecting seigniorage; (2) imposing financial restriction; (3) implementing selective credit policies; (4) undertaking foreign exchange operations at nonmarket-clearing prices; and (5) providing implicit or explicit deposit insurance at subsidized rates and recapitalizing insolvent financial institutions. Not all central banks engage in all these activities, but some central banks perform additional fiscal activities such as collecting taxes and running food procurement programs. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1993/058 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/058/001.1993.issue-058-en.xml IMF e-Library