Is Transparency Good for You, and Can the IMF Help?
Title | Is Transparency Good for You, and Can the IMF Help? PDF eBook |
Author | Yongseok Shin |
Publisher | International Monetary Fund |
Pages | 48 |
Release | 2003-06-01 |
Genre | Computers |
ISBN | 1451855400 |
This paper finds that reforms introduced by the IMF to promote transparency have created more informed markets and reduced borrowing costs for those emerging market countries that volunteered for them. Using a quarterly panel estimation with fixed country effects, we find that sovereign spreads fall following the adoption of three different transparency reforms. The effects are economically important, especially for those countries with low initial transparency. We use two-stage least squares to address any endogeneity in the timing of reforms exploiting internal IMF timetables that are unrelated to country events. Next, using a panel GARCH specification, we show that spreads move more than normal in the days immediately following publication of IMF country documents.
Transparency in Government Operations
Title | Transparency in Government Operations PDF eBook |
Author | Mr.J. D. Craig |
Publisher | International Monetary Fund |
Pages | 50 |
Release | 1998-02-03 |
Genre | Business & Economics |
ISBN | 155775697X |
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe
Title | Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe PDF eBook |
Author | Mr.Bernardin Akitoby |
Publisher | International Monetary Fund |
Pages | 66 |
Release | 2020-05-11 |
Genre | Business & Economics |
ISBN | 1513532839 |
This departmental paper investigates how countries in Central, Eastern, and Southeastern Europe (CESEE) can improve fiscal transparency, thereby raising government efficiency and reducing corruption vulnerabilities.
Fiscal Transparency Initiative
Title | Fiscal Transparency Initiative PDF eBook |
Author | International Monetary Fund. Fiscal Affairs Dept. |
Publisher | International Monetary Fund |
Pages | 55 |
Release | 2019-01-29 |
Genre | Nature |
ISBN | 1513510258 |
This paper integrates into the Fiscal Transparency Code (FTC) a new fourth pillar (Pillar IV) on natural resource revenue management. This completes the pending update to the IMF's FTC, as set out by staff in 2014 (see IMF 2014a).
International Monetary Fund Annual Report 2021
Title | International Monetary Fund Annual Report 2021 PDF eBook |
Author | International Monetary Fund. Secretary's Department |
Publisher | International Monetary Fund |
Pages | 74 |
Release | 2021-10-04 |
Genre | Business & Economics |
ISBN | 1513568817 |
A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.
Transparent Governance in an Age of Abundance
Title | Transparent Governance in an Age of Abundance PDF eBook |
Author | Juan Cruz Vieyra |
Publisher | Inter-American Development Bank |
Pages | 452 |
Release | 2014-10-31 |
Genre | Business & Economics |
ISBN | 159782187X |
During the last decade, the Latin American and Caribbean region has experienced unprecedented natural resources abundance. This book highlights how transparency can help realize the benefits and reduce negative externalities associated with the extractive industries in the region. A central message is that high-quality and well-managed information is critical to ensure the transparent and effective governance of the sector. The insights from experiences in the region can help policymakers design and implement effective regulatory reforms and adopt international standards that contribute to this goal. This is particularly important at a time when the recent boom experienced by extractives in the region may be coming to an end.
The Central Bank Transparency Code
Title | The Central Bank Transparency Code PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | INTERNATIONAL MONETARY FUND |
Pages | 132 |
Release | 2020-07-30 |
Genre | Business & Economics |
ISBN | 9781513551814 |
The paper reports to the Executive Board on its decision of April 29, 2019, to prepare an IMF Central Bank Transparency Code (CBT), which is linked to the 2017 Review of the Standards and Codes Initiative (RSCI), for a revision and update of the 1999 Monetary and Financial Policies Transparency Code (MFPT). Directors asked that the CBT should remove the overlap on financial policies covered by other international standards, expand the transparency standards to broader set of activities undertaken by many central banks since the 2008 financial crisis, and reorient the transparency standards to facilitate risk-based assessments to support policy effectiveness and address macroeconomic risks.