FISIM


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AcronymDefinition
FISIMFinancial Intermediation Services Indirectly Measured (System of National Accounts)
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FISIM is the product with the highest share of direct domestic value-added in its exports (47 per cent in 2016).
On the use side, household consumption expenditure, general government consumption and exports and imports are raised when FISIM is allocated among users.
Total quantity or scope: Part 1 offers nine piece system CASIR (EPSJ, FISIM, FMR, GESMES, MON, PSZLA, PSZLA VMR and the future develop-lesztendo CASIR new systems) and CSDB
Financial intermediaries output measure Sector Measurement method Banking sector (a) Fees and commissions receivable Net spread earnings Other operating income Financial Intermediation Services Indirectly Measured (FISIM) Non-banking financial FISIM intermediaries Value of funds under management for investment funds Source: Burgess (2011).
The methodology of the 1993 SNA for measuring FISIM has been criticised from a conceptual point of view.
As a result of these revisions, FISIM now affects both the level of GDP and its growth.
In the 2008 System of National Accounts (2008 SNA), services for which depository institutions are remunerated through adjustments to interest rates are referred to as "Financial Intermediation Services Indirectly Measured," or FISIM (2008 SNA, paragraph 6.
1) For more discussion of FISIM see Begg, Bournay, Weale and Wright (1997).
These figures have to be interpreted with care due to the missing distinction between final and intermediate consumption of FISIM under the current European system of national accounts (ESA95).
The SNA provides widely followed international guidelines for national accounts on measuring implicitly priced services of financial intermediaries, including banks, and terms these services "financial intermediation services indirectly measured," or FISIM (SNA 2008, paragraph 6.
In real terms, FISIM increased in 2001 but decreased in 2002.
The System of National Accounts (SNA), which provides widely followed international guidelines for national accounts, contains recommendations on measuring implicitly priced services of financial intermediaries, including banks, and terms these services "financial intermediation services indirectly measured," or FISIM (SNA 2008, paragraph 6.