Download or read book Some Algebra of Fiscal Transparency written by Timothy Irwin and published by International Monetary Fund. This book was released on 2012-09-01 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some devices can be revealed by moving progressively from cash accounting to modified accrual accounting to full accrual accounting. Revealing all would require the publication of extended fiscal accounts in which all future cash flows give rise to assets or liabilities.
Download or read book Fiscal Transparency Accountability and Risk written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2012-07-08 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers the lessons of the recent crisis for existing fiscal transparency standards, practices, and monitoring arrangements; and makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.
Download or read book Shining a Light on the Mysteries of State written by Mr.Timothy Irwin and published by International Monetary Fund. This book was released on 2013-10-25 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extent of fiscal transparency in Western Europe has varied over the centuries. Although ancient Greek, Roman, and medieval governments were sometimes open about their finances, the absolute monarchies of the 1600s and 1700s shrouded them in mystery. Factors that have encouraged transparency include (i) the sharing of political power and rulers’ need to persuade creditors to lend and taxpayers’ representatives to approve new taxes; (ii) the spread of technological innovations that reduce the costs of storing and transmitting information; and (iii) the acceptance of political theories that emphasize accountable government and public discussion of government policy.
Download or read book Fiscal Transparency Its Determinants and Consequences for Developing Countries written by Yves Mathurin Tehou Tekeng and published by . This book was released on 2014 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis has addressed the issue of fiscal transparency for developing countries in three essays. The first essay provided an overview of the existing literature on fiscal transparency and related questions, focusing on different angles and measurement methodologies involved. Our review was structured around four principal axes that include the determinants of fiscal transparency; the links between fiscal transparency and some selected institutional factors relating to international capital markets, and fiscal discipline, corruption, and economic growth. One of the major shortcomings discovered in the literature is the lack of exclusive attention devoted to developing countries on this important issue of fiscal transparency and how this could affect their growth potential. The second essay proposed a new, replicable and more objective index of fiscal transparency based on criteria of developing countries as used by the World Bank in 2009. We also provided an analysis of the determinants of fiscal transparency based on information from 27 developing countries, taking into account a number of institutional and socio-economic determinants of fiscal transparency. For example, we examined the impacts of natural resources (wealth), quality of institution, openness on the above-mentioned index of fiscal transparency by the means of OLS and Two-Stage Least Square methods. Our empirical findings indicated that the performance of our proposed index appeared to be consistent with other existing indices. The third essay presented an analysis of some potential consequences of fiscal transparency for developing countries. More specifically, based on the availability of data across the 27 countries of the sample, it was found that fiscal transparency can have some impact on the structure of government spending, education and health outcomes, attraction of international capital, but not economic growth.
Download or read book Fiscal Transparency Gubernatorial Popularity and the Scale of Government written by David Dreyer Lassen and published by . This book was released on 2001 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Manual on Fiscal Transparency written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defining Fiscal Transparency written by Lisa Philipps and published by . This book was released on 2008 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Transparency Accountability and Risk written by Internationaler Währungsfonds and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers the lessons of the recent crisis for existing fiscal transparency standards, practices, and monitoring arrangements; and makes a series of recommendations for renewing the global fiscal transparency effort in the wake of the crisis.
Download or read book The Causes of Fiscal Transparency written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding and Measuring Online Fiscal Transparency written by Jonathan B. Justice and published by . This book was released on 2014 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: The movement toward open government and fiscal transparency is a worldwide effort that promises the possibility of better and stronger democracy. Transparency is also presumed to help combat corruption and waste. Greater transparency in government thus has been an important goal of many reformers both outside and within governments over many decades, and contemporary methods of online information dissemination and communication are seen as one important set of tools for fostering transparency. But how do we know transparency when we see it? Efforts both to understand the extent and quality of online fiscal transparency and to implement or improve transparency are facilitated by good measures of quantity and quality. This chapter reviews efforts by academic experts and advocacy organizations to measure and evaluate fiscal transparency in order to draw from those efforts suggestions for the practice of fiscal transparency. An examination of these research efforts reveals significant progress in conceptualization and measurement toward addressing a number of methodological and epistemological issues that concern researchers in the field. The examination also indicates that measures such as those produced by a number of public-interest and academic researchers, although still imperfect from an academic perspective, nonetheless can provide useful guidance for practitioners and citizens seeking to understand and improve their jurisdictions' e-fiscal transparency.We conclude by synthesizing the key elements we found in the literature into a framework for conceptualizing, measuring, and implementing online fiscal transparency, and by drawing lessons for continuing efforts to advance the understanding and practice of transparency.
Download or read book Fiscal Transparency and Economic Development written by Michael Teig and published by . This book was released on 2009 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Transparency Political Parties and Debt in OECD Countries written by David Dreyer Lassen and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many believe and argue that fiscal, or budgetary, transparency has large, positive effects on fiscal performance. However, the evidence linking transparency and fiscal policy outcomes is less compelling. To analyze the effects of fiscal transparency on public debt accumulation, we present a career-concerns model with political parties. This allows us to integrate as implications of a single model three hitherto-separate results in the literature on deficit and debt accumulation: that transparency decreases debt accumulation (at least by reducing an electoral cycle in deficits), that right-wing governments (at least for strategic reasons) tend to have higher deficits than left-wing governments, and that increasing political polarization increases debt accumulation. To test the predictions of the model, we construct a replicable index of fiscal transparency on 19-country OECD data. Simultaneous estimates of debt and transparency strongly confirm that a higher degree of fiscal transparency is associated with lower public debt and deficits, independent of controls for explanatory variables from other approaches.
Download or read book Essays on Fiscal Transparency and Inflation Expectations written by Farhan Hameed and published by . This book was released on 2006 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Transparency and Procyclical Fiscal Policy written by Asger Lau Andersen and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Shining a Light on the Mysteries of State written by Timothy C. Irwin and published by . This book was released on 2013 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The extent of fiscal transparency in Western Europe has varied over the centuries. Although ancient Greek, Roman, and medieval governments were sometimes open about their finances, the absolute monarchies of the 1600s and 1700s shrouded them in mystery. Factorsthat have encouraged transparency include (i) the sharing of political power and rulers' need to persuade creditors to lend and taxpayers' representatives to approve new taxes; (ii) the spread of technological innovations that reduce the costs of storing and transmitting information; and (iii) the acceptance of political theories that emphasize accountable government and public discussion of government policy.
Download or read book Fiscal Transparency and the Performance of Government Financial Assets written by Mr.Mike Seiferling and published by International Monetary Fund. This book was released on 2015-01-22 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock-flow adjustments are typically measured as the difference between changes in gross debt and deficits. These are interpreted as a proxy for unexplained fiscal discrepancies, and often associated with a lack of fiscal transparency. However, such measures fail to capture the role of financial assets and valuation changes and therefore do not correctly predict fiscal transparency. The purpose of this paper is to provide a more detailed exposition of stock-flow residuals and the relationship with fiscal transparency, highlighting government acquisition of equities and investment fund shares and their performance in secondary markets. The results suggest that the performance of government equity portfolios correlates with fiscal transparency to the extent that fully transparent governments are expected to generate between 6 and 8 percent higher returns on their equity portfolios than others. These findings suggest that the performance of government assets may be a promising area for future research of fiscal transparency and stock-flow residuals.
Download or read book Fool the Markets written by Kerstin Bernoth and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
