IDEAS home Printed from https://ideas.repec.org/p/bth/wpaper/2007-06.html
   My bibliography  Save this paper

Estimation of Financial Intermediation Services Indirectly Measured (FISIM) Thailand’s Case

Author

Listed:
  • Puntharik Supaarmorakul

    (Bank of Thailand)

Abstract

Financial services constitute the output of financial intermediaries. In order to compensate for the operational costs and the risk incurred as a result of providing such services, financial intermediaries charges fees. Fees charged for financial services provided can be both in the form of explicitly and implicitly priced. Proper allocation of implicitly priced financial services or financial intermediation services indirectly measured (FISIM) is deemed as an improvement to the national accounts compilation, as more accurate GDP levels could be obtained and would reflect the entire value added of financial corporations. This paper discusses primarily the concept of FISIM based mainly on SNA 1993 and the valuation of implicitly priced financial services provided by financial intermediaries in the context of Thailand. Also included is a discussion on whether the methods and input parameters recommended by SNA 1993 and those that are used by other countries can be applied to Thailand’s FISIM compilation. For constant price FISIM data series, the paper will discuss how using different deflators and the use of single and/or multiple deflators can affect the outcome of FISIM. The final section discusses outstanding issues or concerns.

Suggested Citation

  • Puntharik Supaarmorakul, 2007. "Estimation of Financial Intermediation Services Indirectly Measured (FISIM) Thailand’s Case," Working Papers 2007-06, Monetary Policy Group, Bank of Thailand.
    • Handle: RePEc:bth:wpaper:2007-06
    as

    Download full text from publisher

    File URL: http://www.bot.or.th/Thai/EconomicConditions/Publication/DiscusPaper/dp2550_thai/dp042007puntharik_thai.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bth:wpaper:2007-06. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pornpinun Chantapacdepong (email available below). General contact details of provider: https://edirc.repec.org/data/botgvth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.