The Measurement of Banking Services in the System of National Accounts
AbstractThe 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 characterizes FISIM by a user cost and supplier benefit approach determining the price and quantity of various financial services in the banking sector. We examine the need for FISIM in the context of plausible alternative accounting schemes that could be used to account for financial services. The alternative accounting frameworks have implications for the labour and multifactor productivity of both the financial and nonfinancial sectors.
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Bibliographic InfoPaper provided by Vancouver School of Economics in its series Economics working papers with number erwin_diewert-2011-23.
Length: 38 pages
Date of creation: 01 Sep 2011
Date of revision: 01 Sep 2011
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Web page: http://www.economics.ubc.ca/
User costs; banking services; deposit services; loan services; Total Factor Productivity growth; production accounts; System of National Accounts; FIS;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-16 (All new papers)
- NEP-BAN-2011-09-16 (Banking)
- NEP-EFF-2011-09-16 (Efficiency & Productivity)
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- , & Diewert, Erwin, 2014. "The Treatment of Financial Transactions in the SNA: A User Cost Approach," Economics working papers erwin_diewert-2014-8, Vancouver School of Economics, revised 20 Feb 2014.
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