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Distribución De Los Servicios De Intermediación Financiera Medidos Indirectamente (Simfi) En La Mcs-95


  • Ezequiel Uriel Jiménez

    () (Instituto Valenciano de Investigaciones Económicas)

  • Javier Ferri

    (Universitat de València)

  • María Luisa Moltó Carbonell

    (Universitat de València)


Credit institutions provide financial intermediation services indirectly measured(FISIM). The consideration of those services by national accounts raise many problems.SEC-70 and SEC-95 (chapter 3) decided to include FISIM in a fictitious sector. Thissolution does not seem to be the best one as it implies that the share of the financialsector in the national product will be negative when we consolidate this account withthe fictitious sector. This solution is also problematic when trying to integrate theFISIM in a Social Accounting Matrix. Taking into account the recommendations ofSEC-95 of distributing the FISIM among the users of the FISIM, eliminating theficticious sector this paper proceeds to apply it to the SAM-95. Las instituciones de crédito producen los denominados servicios de intermediación financiera medidos indirectamente (SIFMI). El tratamiento de estos servicios en Contabilidad Nacional plantea numerosos problemas. En el SEC-70, y también en el capítulo 3 del SEC-95, se optó por asignar los SIFMI a un sector ficticio. Esta solución no parece ser la más adecuada, ya que implica que la aportación del sector financiero al PIB sea negativa al realizar su consolidación con el sector ficticio. Además, plantea problemas cuando se diseña una matriz de contabilidad social (MCS). Sin embargo, en un anexo del SEC-95 y en reglamentaciones posteriores se ha adoptado una solución metodológica en la que se procede a la distribución de los SIFMI a sectores usuarios, eliminándose el sector ficticio. En este artículo se procede a la distribución de los SIFMI en el contexto de la MCS-95.

Suggested Citation

  • Ezequiel Uriel Jiménez & Javier Ferri & María Luisa Moltó Carbonell, 2005. "Distribución De Los Servicios De Intermediación Financiera Medidos Indirectamente (Simfi) En La Mcs-95," Working Papers. Serie EC 2005-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:2005-20

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    References listed on IDEAS

    1. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
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    SIFMI; intermediación financiera; matriz de contabilidad social FISIM; financial intermediation; social accounting matrix;

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