The Oxford Handbook of Economic and Institutional Transparency

The Oxford Handbook of Economic and Institutional Transparency
Author: Jens Forssbaeck
Publisher: Oxford Handbooks
Total Pages: 619
Release: 2014
Genre: Business & Economics
ISBN: 0199917698

'Transparency' has become both a catch-word in public debate and also an important research topic. Comprised of authoritative yet accessible contributions, this handbook surveys existing economic research on transparency and provides an up-to-date account of its meaning and significance in economic policy, market integration and regulation, and corporate governance and disclosure.

The Legal Foundations of Public Debt Transparency: Aligning the Law with Good Practices

The Legal Foundations of Public Debt Transparency: Aligning the Law with Good Practices
Author: Karla Vasquez
Publisher: International Monetary Fund
Total Pages: 103
Release: 2024-02-09
Genre: Business & Economics
ISBN:

Debt opacity burdens the public and can exacerbate debt vulnerabilities in many countries. Both low-income and developing countries and emerging market economies have critical gaps in debt transparency, and the implementation of international standards and guidelines has lagged. The paper surveys the legal frameworks of sixty jurisdictions and reveals the critical weaknesses that hinder debt transparency, which include weak reporting obligations, limited coverage of public debt, inadequate monitoring, unclear borrowing and delegation processes, unfettered confidentiality arrangements and weak accountability mechanisms. Because laws entrench practices and bind the discretion of policy makers and debt managers alike, subjecting them to public scrutiny, legal reform is a necessary part of any solution to the problem of hidden debt, though it may entail a difficult and time intensive process in many jurisdictions.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-10-22
Genre: Business & Economics
ISBN: 1589063953

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Financing Newly Emerging Private Enterprises in Transition Economies

Financing Newly Emerging Private Enterprises in Transition Economies
Author: OECD
Publisher: OECD Publishing
Total Pages: 288
Release: 2000-02-11
Genre:
ISBN: 9264180648

This conference proceedings contains studies on schemes for financing new enterprises in transition economies, including credit guarantees, leasing, venture capital and capital market operations, as well as public schemes.

OECD Economic Surveys: Hungary 2012

OECD Economic Surveys: Hungary 2012
Author: OECD
Publisher: OECD Publishing
Total Pages: 154
Release: 2012-03-13
Genre:
ISBN: 9264127275

OECD's 2012 Economic Survey of Hungary reviews economic developments, prospects and policies and provides a series of policy recommendations. It also includes a special chapter on the labour market.

The Journal of Banking

The Journal of Banking
Author: William M. Gouge
Publisher:
Total Pages: 392
Release: 1842
Genre: Banks and banking
ISBN:

Nos. 1-13 include installments of "An inquiry into the principles..."; no. 13-26, installments of "A short history of paper money ..."

Mastering the Risky Business of Public-Private Partnerships in Infrastructure

Mastering the Risky Business of Public-Private Partnerships in Infrastructure
Author: Manal Fouad
Publisher: International Monetary Fund
Total Pages: 61
Release: 2021-05-10
Genre: Business & Economics
ISBN: 1513576569

Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.