Getting the Dog to Bark: Disclosing Fiscal Risks from the Financial Sector PDF (Adobe DRM) download by Timothy Irwin

Getting the Dog to Bark: Disclosing Fiscal Risks from the Financial Sector

INTERNATIONAL MONETARY FUND
Publication date: September 2015
ISBN: 9781513513119
Digital Book format: PDF (Adobe DRM)

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Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk typically did not mention banks as a possible source of fiscal problems. One reason for silence was that the risk arose partly from implicit guarantees, and governments may have feared that disclosure would increase moral hazard. The crisis cast doubt, however, on the effectiveness of silence in mitigating risks. This paper discusses how fiscal risks from the financial sector could be discussed in reports on fiscal risk, with a view to encouraging their mitigation.
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Getting the Dog to Bark: Disclosing Fiscal Risks from the Financial Sector PDF (Adobe DRM) download by Timothy Irwin
INTERNATIONAL MONETARY FUND, September 2015
ISBN: 9781513513119
EAN:  9781513513119
PDF (Adobe DRM)
List Price: $18.00 eBook price: $13.99
Getting the Dog to Bark: Disclosing Fiscal Risks from the Financial Sector ePub (Adobe DRM) download by Timothy Irwin
INTERNATIONAL MONETARY FUND, September 2015
ISBN: 9781513533285
EAN:  9781513533285
ePub (Adobe DRM)
List Price: $18.00 eBook price: $13.99
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