The satisfactory measurement of banking output has eluded statistical agencies since the inception of national income accounting. At the heart of the problem is the treatment of interest. Net interest payments are considered part of the output originating in the paying industries. When applied to the banking sector this practice results in unrealistically low or even negative output and an imputation is carried out to rectify the problem. This thesis identifies the problems surrounding the existing concepts and practices, discusses alternatives that have been proposed and develops a new approach to measuring banking output. The rate of interest is decomposed into a transfer and a service part and economic prices for banking services are constructed. Thus, nominal and real banking output are obtained in a straightforward manner. Empirical work points to the viability of the new approach.
Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.28914 |
Date | January 1994 |
Creators | Sciadas, George |
Contributors | Handa, Jagdish (advisor) |
Publisher | McGill University |
Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
Language | English |
Detected Language | English |
Type | Electronic Thesis or Dissertation |
Format | application/pdf |
Coverage | Doctor of Philosophy (Department of Economics.) |
Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
Relation | alephsysno: 001460403, proquestno: NN05790, Theses scanned by UMI/ProQuest. |
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