IDEAS home Printed from https://ideas.repec.org/a/mnb/confer/v1y2007i1p9-17.html
   My bibliography  Save this article

Fiscal transparency from central banks’ perspective: off-budget activities and government asset funds

Author

Listed:
  • Dubravko Mihaljek

    (BIS)

Abstract

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.

Suggested Citation

  • Dubravko Mihaljek, 2007. "Fiscal transparency from central banks’ perspective: off-budget activities and government asset funds," MNB Conference Volume, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 1(1), pages 9-17, December.
  • Handle: RePEc:mnb:confer:v:1:y:2007:i:1:p:9-17
    as

    Download full text from publisher

    File URL: http://www.mnb.hu/letoltes/dubravko-mihaljek.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Dubravko Mihaljek, 2005. "Local complications of global economic integration: privatisation receipts and volatile export earnings," BIS Papers chapters,in: Bank for International Settlements (ed.), Globalisation and monetary policy in emerging markets, volume 23, pages 81-90 Bank for International Settlements.
    2. Polackova, Hana, 1998. "Contingent government liabilities : a hidden risk for fiscal stability," Policy Research Working Paper Series 1989, The World Bank.
    3. Gábor P. Kiss, 2007. "One-off and off-budget items: An alternative approach," MNB Conference Volume, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 1(1), pages 18-27, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    fiscal transparency; public sector accounts; off-budget activities; sovereign wealth funds; emerging market economies.;

    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; Loan Guarantees; Credits; Grants; Bailouts
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mnb:confer:v:1:y:2007:i:1:p:9-17. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maja Bajcsy). General contact details of provider: http://edirc.repec.org/data/mnbgvhu.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.