Building a consensus for fiscal reform: The Chilean case

The financial crisis that started in Asia in 1997 brought up a renewed concern over public finances in emerging economies. As most observers failed to detect creeping fiscal disequilibria, large public contingent liabilities, vulnerable asset-liability structures and time inconsistencies of fiscal p...

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Bibliographische Detailangaben
1. Verfasser: Marcel, Mario (VerfasserIn)
Weitere Verfasser: Tokman, Marcelo (MitwirkendeR)
Format: Elektronisch Artikel
Sprache:English
Veröffentlicht: Paris OECD Publishing 2003
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Zusammenfassung:The financial crisis that started in Asia in 1997 brought up a renewed concern over public finances in emerging economies. As most observers failed to detect creeping fiscal disequilibria, large public contingent liabilities, vulnerable asset-liability structures and time inconsistencies of fiscal policy, international financial institutions committed themselves to promote higher transparency and efficiency in the management of public finances. This has resulted in a stream of transparency codes, guidelines and best practice reports over the last couple of years that intend to prevent such failures in the future...
Beschreibung:1 Online-Ressource (23 p.)
DOI:10.1787/budget-v2-art15-en

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