The Treatment of Financial Transactions in the SNA: A User Cost Approach

, and Walter Diewert

Economics working papers from Vancouver School of Economics

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 considers how to integrate financial transactions into the balance sheet and production accounts of a firm; i.e., the paper looks at FISIM more broadly. In order to minimize the role of imputations, the paper considers a firm that raises capital at the beginning of the accounting period, engages in some form of productive activity during the period and then distributes the initial capital and any profits back to the capitalists who financed the firm.

Keywords: User costs; banking services; deposit services; loan services; production accounts; System of National Accounts; FISIM; Financial Intermediation Servi (search for similar items in EconPapers)
JEL-codes: C82 D24 D92 E01 E22 E31 E41 E43 E44 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2014-02-20, Revised 2014-02-20
New Economics Papers: this item is included in nep-acc, nep-eff and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.economics.ubc.ca/files/2014/02/pdf_pape ... usercostapproach.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.economics.ubc.ca/files/2014/02/pdf_paper_erwin-diewert-14-03-usercostapproach.pdf [301 Moved Permanently]--> https://www.economics.ubc.ca/files/2014/02/pdf_paper_erwin-diewert-14-03-usercostapproach.pdf [301 Moved Permanently]--> https://economics.ubc.ca/files/2014/02/pdf_paper_erwin-diewert-14-03-usercostapproach.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ubc:bricol:erwin_diewert-2014-8

Access Statistics for this paper

More papers in Economics working papers from Vancouver School of Economics
Bibliographic data for series maintained by Maureen Chin ().