The Hybrid Sectors: Government Non-financial Enterprises and Local Authorities

Graeme S. Dorrance

Chapter 9 in National Monetary and Financial Analysis, 1978, pp 129-130 from Palgrave Macmillan

Abstract: Abstract In any economy, there are large number of hybrid institutions that cannot be assigned to particular sectors as if these sectors had relatively homogeneous behaviour patterns. For example, central banks are financial institutions responding passively to the community’s demand for currency, and reacting actively to the financial policy requirements dictated by current economic developments. Self-employed individuals, partnerships, etc., are economic units that are difficult to classify because they straddle sector boundaries.

Date: 1978
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DOI: 10.1007/978-1-349-15858-4_10

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