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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China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Accountability and transparency – the central bank is held accountable by lawmakers for meeting these monetary policy objectives. ... As discussed below, the mechanisms for transparency are more similar than those for accountability per se.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
The Institutional Design Framework for Monetary Policy
9 Dec 2019
RDP
2019-11
Accountability and transparency – the central bank is held accountable by lawmakers for meeting these monetary policy objectives. ... As discussed below, the mechanisms for transparency are more similar than those for accountability per se.
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-institutional-design-framework-for-monetary-policy.html
References
9 Dec 2019
RDP
2019-11
Bernanke BS (2010), ‘Central Bank Independence, Transparency, and Accountability’, Opening Remarks to the Bank of Japan Institute for Monetary and Economic Studies International Conference ‘Future of Central Banking under Globalization’,
https://www.rba.gov.au/publications/rdp/2019/2019-11/references.html