Format:
Online-Ressource (23 S.)
,
graph. Darst.
ISBN:
9781513507736
,
1513507737
Series Statement:
IMF working paper 15/208
Content:
Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk typically did not mention banks as a possible source of fiscal problems. One reason for silence was that the risk arose partly from implicit guarantees, and governments may have feared that disclosure would increase moral hazard. The crisis cast doubt, however, on the effectiveness of silence in mitigating risks. This paper discusses how fiscal risks from the financial sector could be discussed in reports on fiscal risk, with a view to encouraging their mitigation
Additional Edition:
Erscheint auch als Druck-Ausgabe Irwin, Timothy Getting the Dog to Bark: Disclosing Fiscal Risks from the Financial Sector Washington, D.C. : International Monetary Fund, 2015 ISBN 9781513507736
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781513507736.001
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