The Measurement of Banking Services in the System of National Accounts

Walter Diewert, Dennis Fixler and Kimberly Zieschang ()

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 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.

Keywords: User costs; banking services; deposit services; loan services; Total Factor Productivity growth; production accounts; System of National Accounts; FIS (search for similar items in EconPapers)
Pages: 38 pages
Date: 2011-09-01, Revised 2011-09-01
New Economics Papers: this item is included in nep-ban and nep-eff
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ubc:bricol:erwin_diewert-2011-23

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