01750cas a2200253 a 4500 AALejournalIMF015687 230101c9999 xx r poo 0 0eng d 15.00 USD 9781557755834 0251-6365 BD-DhAAL BD-DhAAL Mackenzie, George. Quasi-Fiscal Operations of Public Financial Institutions / George Mackenzie, Peter Stella. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (45 pages) Occasional 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 Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their "quasi-fiscal" operations and activities can affect the overall public sector balance without affecting the budget deficit as conventionally measured, may also have important allocative effects, and increase the effective size of the public sector. This paper analyzes the macroeconomic and financial effects of such quasi-fiscal activities, as well as the taxes, subsidies, and other expenditures that such activities introduce outside the budget. Measurement and accounting issues are addressed, and policy recommendations are offered. Mode of access: Internet Stella, Peter. Occasional Papers; Occasional Paper ; No. 1996/008 Full text available on IMF http://elibrary.imf.org/view/books/084/05525-9781557755834-en/05525-9781557755834-en-book.xml IMF e-Library