An Accountancy Standard for Monetary Authorities
Neil Courtis and Benedict Mander, eds., Accounting Standards for Central Banks, Central Banking Publications Ltd, 2003
31 Pages Posted: 22 Jan 2013
Date Written: 2003
By any exacting standard of transparency, most monetary authorities (hereafter MAs) are losers. Indeed, most MAs fail to make timely, full and fair disclosures of their financial positions. This allows them to operate under a thick shroud of secrecy. The ensuing confusion and ambiguity renders MAs’ finances impenetrable, even to the most experienced and skilled analysts.
Keywords: Steve Hanke, Sekerke, Central Banking, Accounting, Standard, Central Banks, Transparency
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