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The Measurement of Banking Services in the System of National Accounts

Author

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  • Diewert, Erwin
  • Fixler, Dennis
  • Zieschang, Kimberly

Abstract

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 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.

Suggested Citation

  • Diewert, Erwin & Fixler, Dennis & Zieschang, Kimberly, 2011. "The Measurement of Banking Services in the System of National Accounts," Economics working papers erwin_diewert-2011-23, Vancouver School of Economics, revised 01 Sep 2011.
    • Handle: RePEc:ubc:bricol:erwin_diewert-2011-23
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    File URL: http://faculty.arts.ubc.ca/ediewert/dp1104.pdf
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    Citations

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    Cited by:

    1. Robert Inklaar & J. Christina Wang, 2013. "Real Output of Bank Services: What Counts is What Banks Do, Not What They Own," Economica, London School of Economics and Political Science, vol. 80(317), pages 96-117, January.
    2. Diane Coyle, 2019. "Review of Economic indicators for professionals by Charles Steindel," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(1), pages 100-101, January.
    3. , & 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.

    More about this item

    Keywords

    User costs; banking services; deposit services; loan services; Total Factor Productivity growth; production accounts; System of National Accounts; FIS;
    All these keywords.

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