Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
PDF
1647KB
As discussed. earlier, this could be due to the trend towards greater transparency in corporate reporting or an.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
The Global Financial Environment
9 Oct 2020
FSR
– October 2020
The stock of off-balance sheet borrowing by local governments, which lacks transparency, also remains significant. ... The central banks of Indonesia and the Philippines have provided direct financing to their governments to support fiscal packages.
https://www.rba.gov.au/publications/fsr/2020/oct/global-financial-environment.html
Developments in the Financial System Infrastructure
10 Mar 2005
FSR
– March 2005
The IMF currently recognises 12 such standards relating to accounting, auditing, anti-money laundering and combating the financing of terrorism, banking supervision, corporate governance, data dissemination, fiscal transparency, insolvency and
https://www.rba.gov.au/publications/fsr/2005/mar/dev-fin-sys-infra.html
Financial Stability Review
15 Nov 2023
FSR
- October 2023
PDF
4631KB
https://www.rba.gov.au/publications/fsr/2023/oct/pdf/financial-stability-review-2023-10.pdf
The Global Financial Environment
20 Oct 2017
FSR
– October 2017
The lack of transparency also increases contagion risk, as banks are more likely to withdraw from interbank markets when uncertainty about other banks' solvency is high. ... Backed by strong political support, regulators have announced a range of
https://www.rba.gov.au/publications/fsr/2017/oct/global-fin-env.html
The Origin of the Asian Financial Turmoil
1 Dec 2009
RDP
PDF
451KB
Too many bankswere owned by governments and became the ‘quasi-fiscal’ agents of governments,providing an oblique mechanism for channelling government assistance (off-budget)to ailing industries. ... Adding tothese problems, the quality of public
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9805.pdf
Financial Stability Review – September 2012
24 Sep 2012
FSR
– September 2012
PDF
1420KB
https://www.rba.gov.au/publications/fsr/2012/sep/pdf/0912.pdf
The Global Financial Environment
10 Sep 2011
FSR
– September 2011
In addition, Greece agreed to implement tougher fiscal tightening measures and sell some state assets. ... tightening budget positions too much and too early may undermine economic recovery and thus fiscal positions.
https://www.rba.gov.au/publications/fsr/2011/sep/global-fin-env.html
Australia's Prosperous 2000s: Housing and the Mining Boom
1 Feb 2012
RDP
PDF
507KB
6. Fiscal Policy 26. 7. Making the Best of the Terms of Trade Boom and Managing the Risks 29. ... Sections 5 and 6 discuss the major debates regarding monetary and fiscal policy.
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-07.pdf
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach
27 Feb 2017
RDP
PDF
1444KB
productive in terms of transparency and clarity. The value of simplicity is reinforced by the FOMC’s. ... in simplicity and transparency is not obvious, however. 10. 5.3 Defining ‘Truth’.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf