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Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...
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outputs in the System of National Accounts (SNA), termed FISIM (Financial Intermediation Services Indirectly Measured). The …
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By examining the gap observed between the value added generated by the banking sector, as measured by the national accounts, and net banking income, calculated in accordance with the accounting principles of credit institutions, it is possible to construct a table listing the items needed to...
Persistent link: https://www.econbiz.de/10009274762
financial institutions. The SNA93 recommended measure, the FISIM – financial intermediation services indirectly measured - which … questioning its validity in measuring the financial output. Critics have argued that the FISIM, as is defined, fails to capture …
Persistent link: https://www.econbiz.de/10005836361
financial services or financial intermediation services indirectly measured (FISIM) is deemed as an improvement to the national … corporations. This paper discusses primarily the concept of FISIM based mainly on SNA 1993 and the valuation of implicitly priced …’s FISIM compilation. For constant price FISIM data series, the paper will discuss how using different deflators and the use of …
Persistent link: https://www.econbiz.de/10010618221
Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...
Persistent link: https://www.econbiz.de/10008587760
proposals for measuring GVA are the following: SNA93's FISIM approach; user cost of money approach promoted by a set of …
Persistent link: https://www.econbiz.de/10008755568