This paper reviews how central banks in emerging market countries assess fiscal positions, and discusses two aspects of fiscal transparency that have recently gained importance from central banks’ perspective: off-budget activities and special fiscal funds. By increasing uncertainty about the true fiscal position of the government, these activities are of concern both to central banks that set monetary policy on their own, taking fiscal policy as given, and to those that have adopted an institutional framework for coordinating monetary and fiscal policies.
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Article provided by Magyar Nemzeti Bank (The Central Bank of Hungary) in its journal MNB Conference Volume.
Volume (Year): 1 (2007) Issue (Month): 1 (December) Pages: 9-17 Download reference. The following formats are available: HTML,
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Find related papers by JEL classification: H19 - Public Economics - - Structure and Scope of Government - - - Other H50 - Public Economics - - National Government Expenditures and Related Policies - - - General H69 - Public Economics - - National Budget, Deficit, and Debt - - - Other H81 - Public Economics - - Miscellaneous Issues - - - Governmental Loans and Credits H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
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