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Trends in Fiscal Transparency

Trends in Fiscal Transparency »

Source: Trends in Fiscal Transparency : Evidence from a New Database of the Coverage of Fiscal Reporting

Volume/Issue: 2015/188

Series: IMF Working Papers

Author(s): Rachel Wang , Timothy Irwin , and Lewis Murara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2015

ISBN: 9781513523965

Keywords: transparency, government finance, central government, General,

Although there are several measures of fiscal transparency, none provides satisfactory information on certain issues of macroeconomic relevance, including whether fiscal data are available for all of general govern...

Does Public Disagreementon Monetary Policy Unsettle the Markets?

Does Public Disagreementon Monetary Policy Unsettle the Markets? »

Source: Does Public Disagreementon Monetary Policy Unsettle the Markets?

Volume/Issue: 1997/63

Series: IMF Working Papers

Author(s): Hossein Samiei , and Timothy Lane

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1997

ISBN: 9781451848380

Keywords: inflation targeting, transparency, monetary indicators, inflation rate

Publication of minutes of monthly monetary policy meetings between the Chancellor of the Exchequer and the Governor of the Bank of England was a conspicuous feature of the United Kingdom’s inflation targetin...

Promoting Fiscal Transparency the Complementary Roles of the Imf, Financial Markets and Civil Society

Promoting Fiscal Transparency the Complementary Roles of the Imf, Financial Markets and Civil Society »

Source: Promoting Fiscal Transparency the Complementary Roles of the Imf, Financial Markets and Civil Society

Volume/Issue: 2003/199

Series: IMF Working Papers

Author(s): Murray Petrie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2003

ISBN: 9781451860139

Keywords: budget transparency, fiscal data, fiscal transparency assessments, budget activities, Public Economics: General,

This paper explores initiatives to date by the IMF, financial markets, and civil society organizations to assess and utilize information on fiscal transparency. The results of surveys and interviews of rating agenc...

Monetary Policy Transparency and Financial Market Forecasts in South Africa

Monetary Policy Transparency and Financial Market Forecasts in South Africa »

Source: Monetary Policy Transparency and Financial Market Forecasts in South Africa

Volume/Issue: 2007/123

Series: IMF Working Papers

Author(s): Vivek Arora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2007

ISBN: 9781451866872

Keywords: inflation, inflation forecasts, monetary policy transparency, inflation targeting

The transparency of monetary policy in South Africa has increased substantially since the end of the 1990s; but little empirical work has been done to examine the economic benefits of the increased transparency. Th...

What Transparency Can Do When Incentives Fail

What Transparency Can Do When Incentives Fail »

Source: What Transparency Can Do When Incentives Fail : An Analysis of Rent Capture

Volume/Issue: 2006/146

Series: IMF Working Papers

Author(s): Elisabeth Paul , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2006

ISBN: 9781451864069

Keywords: incentives, wages, budget constraint, wage, fiscal transparency, fiscal management,

This paper analyzes the pervasiveness and persistence of rent seeking, misgovernance, and public sector inefficiency in many developing and transition economies. We formalize evidence from country experiences and e...

The Political Economy of Fiscal Transparency and Independent Fiscal Councils*

The Political Economy of Fiscal Transparency and Independent Fiscal Councils* »

Source: The Political Economy of Fiscal Transparency and Independent Fiscal Councils

Volume/Issue: 2017/195

Series: IMF Working Papers

Author(s): Roel Beetsma , Xavier Debrun , and Randolph Sloof

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2017

ISBN: 9781484315552

Keywords: Fiscal transparency, Fiscal transparency, Fiscal policy, Political economy, Public debt, Econometric models, Independent fiscal councils, partisan bias, opportunistic bias, competence

The global surge in independent fiscal councils (IFCs) raises three related questions: How can IFCs improve the conduct of fiscal policy? Are they simultaneously desirable for voters and elected policymakers? And a...

Liquidity and Transparency in Bank Risk Management

Liquidity and Transparency in Bank Risk Management »

Source: Liquidity and Transparency in Bank Risk Management

Volume/Issue: 2013/16

Series: IMF Working Papers

Author(s): Lev Ratnovski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 January 2013

ISBN: 9781616356774

Keywords: regulation, Basel III, hedging, hedge, bank transparency, banking, bank liquidity, Government Policy and Regulation,

Banks may be unable to refinance short-term liabilities in case of solvency concerns. To manage this risk, banks can accumulate a buffer of liquid assets, or strengthen transparency to communicate solvency. While a...

Good, Bad or Ugly?on the Effects of Fiscal Rules with Creative Accounting

Good, Bad or Ugly?on the Effects of Fiscal Rules with Creative Accounting »

Source: Good, Bad or Ugly?on the Effects of Fiscal Rules with Creative Accounting

Volume/Issue: 2000/172

Series: IMF Working Papers

Author(s): Gian Milesi-Ferretti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2000

ISBN: 9781451858563

Keywords: Fiscal rules, creative accounting, budget transparency, budget rule, budget deficit, fiscal rule

Do fiscal rules likely lead to fiscal adjustment, or do they encourage the use of ‘creative accounting’? This question is studied with a model in which fiscal rules are imposed on ‘measured&#x2...

The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads1

The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads1 »

Source: The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads

Volume/Issue: 2017/74

Series: IMF Working Papers

Author(s): Sangyup Choi , and Yuko Hashimoto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 March 2017

ISBN: 9781475589603

Keywords: data transparency, structural reforms, sovereign bond spreads, GDDS, SDDS, event study, General

We find that data transparency policy reforms, reflected in subscriptions to the IMF's Data Standards Initiatives (SDDS and GDDS), reduce the spreads of emerging market sovereign bonds. To overcome endogeneity issu...

Transparency in Central Bank Financial Statement Disclosures

Transparency in Central Bank Financial Statement Disclosures »

Source: Transparency in Central Bank Financial Statement Disclosures

Volume/Issue: 2000/186

Series: IMF Working Papers

Author(s): Kenneth Sullivan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2000

ISBN: 9781451859454

Keywords: central bank, financial statements, disclosure, transparency, IAS, interest, balance sheet, financial assets

The IMF’s development of the code of good practices on transparency in monetary and financial policies and introduction of safeguard assessments has increased the importance of the transparency of the disclo...