Problems with the measurement of banking services in a national accounting framework

Diewert, W. Erwin, Fixler, Dennis and Zieschang, Kimberly (2016). Problems with the measurement of banking services in a national accounting framework. In John M. Hartwick (Ed.), National accounting and economic growth (pp. 1-60) Cheltenham, United Kingdom: Edward Elgar Publishing.

Author Diewert, W. Erwin
Fixler, Dennis
Zieschang, Kimberly
Title of chapter Problems with the measurement of banking services in a national accounting framework
Title of book National accounting and economic growth
Place of Publication Cheltenham, United Kingdom
Publisher Edward Elgar Publishing
Publication Year 2016
Sub-type Research book chapter (original research)
Open Access Status Not Open Access
Year available 2012
Series International library of critical writings in financial economics
ISBN 9781784718312
1784718319
Editor John M. Hartwick
Volume number 313
Chapter number 6
Start page 1
End page 60
Total pages 60
Total chapters 24
Collection year 2017
Language eng
Abstract/Summary The paper considers some of the problems associated with the indirectly measured components of financial service outputs in the System of National Accounts (SNA), termed FISIM (Financial Intermediation Services Indirectly Measured). The paper utilizes a user cost and supplier benefit approach to the determination of the value of various financial services in the banking sector. The present paper also attempts to integrate the balance sheet accounts in the SNA with the usual flow accounts. An empirical example of various nominal output concepts that could be applied to the U.S. commercial banking sector is presented.
Keyword User costs
Banking services
Deposit services
Loan services
Production accounts
System of National Accounts
Q-Index Code B1
Q-Index Status Provisional Code
Institutional Status Non-UQ

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Created: Wed, 02 Mar 2016, 09:38:18 EST by Alys Hohnen on behalf of School of Economics