Cover IMF Working Papers
Income from Bonds: Treatment in the System of National Accounts 1993
Author:
Ms. Lucie Laliberténull

Search for other papers by Ms. Lucie Laliberté in
Current site
Google ScholarClose
Series:
IMF Working Papers
Volume/Issue:
Volume 2002: Issue 221
Language:
English
Publication Date:
01 Dec 2002
DOI:
https://doi.org/10.5089/9781451875249.001
ISBN:
9781451875249
ISSN:
1018-5941
Pages:
29
Keywords:
WP; bond; value; interest rate; yield; income
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (929.3 KB) Download Epub
How to account for interest on bonds in a system as integrated as the System of National Accounts 1993 (1993 SNA) has been a source of much controversy. Two main positions emerge: the debtor treatment based on the contractual arrangements of the bonds; and the creditor treatment based on current interest rates and prices of assets/liabilities. Using the discounted cash flow model, this paper explores the treatment of income and other benefits from assets in the 1993 SNA. It finds that the debtor approach to bond interest conforms with the 1993 SNA recording income and other benefits from assets, as that approach captures the results of effective decision making between institutional units.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2002: Issue 221