Problems with the Measurement of Banking Services in a National Accounting Framework

Walter Diewert, Dennis Fixler and Kimberly Zieschang (k.zieschang@uq.edu.au)

No 2012-25, Discussion Papers from School of Economics, The University of New South Wales

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 utilizes a user cost and supplier benefit approach to the determination of the value of various financial services in the banking sector. The present paper also attempts to integrate the balance sheet accounts in the SNA with the usual flow accounts. An empirical example of various nominal output concepts that could be applied to the U.S. commercial banking sector is presented.

Keywords: User costs; banking services; deposit services; loan services; production accounts; System of National Accounts; FISIM; Financial Intermediation Services Indirectly Measured. (search for similar items in EconPapers)
JEL-codes: C43 C67 C82 D24 D57 E22 E41 (search for similar items in EconPapers)
Pages: 61 pages
Date: 2012-04
New Economics Papers: this item is included in nep-acc, nep-ban and nep-cba
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Working Paper: Problems with the Measurement of Banking Services in a National Accounting Framework (2012)
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