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

See all articles by Steve H. Hanke

Steve H. Hanke

Johns Hopkins University - Department of Economics

Matt Sekerke

Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise

Date Written: 2003

Abstract

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

Suggested Citation

Hanke, Steve H. and Sekerke, Matt, An Accountancy Standard for Monetary Authorities (2003). Neil Courtis and Benedict Mander, eds., Accounting Standards for Central Banks, Central Banking Publications Ltd, 2003. Available at SSRN: https://ssrn.com/abstract=2204687

Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

Matt Sekerke

Johns Hopkins University - Institute for Applied Economics, Global Health, and Study of Business Enterprise ( email )

3400 N. Charles Street
Baltimore, MD 21218
United States

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