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Income and Asset Disclosure Systems: Establishing Good Governance through Accountability

Author

Listed:
  • Burdescu, Ruxandra

    () (World Bank)

  • Reid, Gary

    () (World Bank)

  • Trapnell, Stephanie

    () (World Bank)

  • Barnes, Daniel

    () (World Bank)

Abstract

Financial declarations or income and asset disclosures (IADs) are quickly becoming an important tool for anticorruption agencies and governments to fight corruption. IAD systems can play two important roles within a broader framework of good governance: prevention and enforcement. In an effort to discover how best to design and implement an IAD system, the analysis conducted suggests that countries ultimately must design a system that best complements the environment in which it will function. However, there are several key principles that policy makers and practitioners need to consider: limit the number of filers to improve the odds of success, set modest and achievable expectations, provide resources commensurate with the mandate, prioritize verification procedures to align with available resources, and balance privacy concerns with public access to declarations.

Suggested Citation

  • Burdescu, Ruxandra & Reid, Gary & Trapnell, Stephanie & Barnes, Daniel, 2010. "Income and Asset Disclosure Systems: Establishing Good Governance through Accountability," World Bank - Economic Premise, The World Bank, issue 17, pages 1-6, June.
  • Handle: RePEc:wbk:prmecp:ep17
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    More about this item

    Keywords

    income; asset; disclosures; governance; accountability; financial declartations; corruption; anticorruption; privacy; public access;

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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