Transparency, Democratic Accountability, and the Economic Consequences of Monetary Institutions

Stasavage, David

doi:10.2307/3186104

Cited by 29 publications

(39 citation statements)

References 8 publications

(12 reference statements)

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“…This research line further identifi es and defi nes transparency within the policy process (Geraats 2002;Libich, 2006;Stasavage, 2003). Geraats (2002) fi rst recognized that transparency created greater openness and hence accountability in central banks by reducing the asymmetry of information between the public and the bank.…”

Section: Fall 2009mentioning

confidence: 97%

What Is Transparency?

2009

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This article examines the evolving defi nition of transparency from a postmodernist approach. It traces the meaning of transparency from its use by nongovernmental and supranational organizations to its use in the international relations, nonprofi t, public policy, and administration literature. It fi nds that the defi nition of transparency reveals three metaphors: transparency as a public value embraced by society to counter corruption, transparency synonymous with open decision-making by governments and nonprofi ts, and transparency as a complex tool of good governance in programs, policies, organizations, and nations. In the fi rst metaphor, transparency is subtly intertwined with accountability. In the second, as transparency encourages openness, it increases concerns for secrecy and privacy. In the third, policymakers create transparency alongside accountability, effi ciency, and effectiveness. The analysis concludes that these meanings affect the way organization members conduct and will conduct their day-to-day activities and how policies are and will be created. Transparency is becoming an unoffi cial mandate by the public and is often a legal mandate.

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Section: Fall 2009mentioning

confidence: 97%

What Is Transparency?

2009

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“…Mitchell (1998, 109) democracy and transparency defines transparency as the dissemination of regular and accurate information. 6 Stasavage (2003) goes further and defines transparency as the announcement by the government not only of the policy decision, but also of the information used to make the decision. A similar emphasis on the public's right to know is placed by the Fiscal Transparency Guidelines of the International Monetary Fund (IMF), which holds that ''fiscal transparency requires providing comprehensive and reliable information about past, present, and future activities of government, and the availability of this information informs and improves the quality of economic policy decisions''.…”

Section: Defining Democracy and Transparencymentioning

confidence: 99%

Democracy and Transparency

Hollyer

Rosendorff

Vreeland

2011

The Journal of Politics

337

167

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Are democracies more transparent than other types of political regimes? Many people believe that the presence of elections alone is not sufficient for a country to be considered democratic and that transparency must be included as part of the definition of political regime. We agree that contestability of elections and transparency of policymaking are analytically distinct concepts. Adopting minimalist approaches to democracy and transparency, we ask a basic question: do electoral politics provide incentives for governments to disseminate data? We thus investigate theoretically the relationship between regime type and the willingness of policy makers to provide credible announcements on policy-relevant variables. And we demonstrate empirically that the availability (or absence) of policy-relevant data is correlated with regime type, even after controlling for GDP per capita, IMF participation, country fixed-effects, and time trends 1 . Democracies are indeed more transparent.

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“…Bini‐Smaghi and Gros () determine that transparency goes beyond informational requirements and refers to ‘one of the more subtle forms of accountability related to the way of doing businesses’. Geraats () notes the increasing level of transparency observed in central banks when considering the publication of forecasts , which is also a definition of transparency by Stasavage (). Transparency as ‘the extent to which a central bank provides information on the process of monetary policy management’ (Geraats, ) is also used by Goldstein et al .…”

Section: Transparency Within a Collective Perspectivementioning

confidence: 99%

A Survey of Transparency: An Intrinsic Aspect of Business Strategy

2016

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Well‐managed organizations must handle transparency strategically, but although research about transparency constitutes a great concern in businesses, management, society, and ethics, definitions are very diverse depending on the environment. The concept of transparency is revisited in this contribution, aiming to map the territory of transparency by surveying the terms and definitions in literature. The overview of these terms identifies two approaches of analysis: according to the content and according to the context. According to the context, two perspectives have been found: collective perspective and individual perspective. According to the content of the definition, two perspectives have been found: instrumental perspective and purposeful perspective. This survey helps to determine that transparency is an intrinsic aspect of business strategy since it is interweaved with all organizational components and systems of the strategic management process. Copyright © 2016 John Wiley & Sons, Ltd and ERP Environment

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Transparency, Democratic Accountability, and the Economic Consequences of Monetary Institutions

Cited by 29 publications

References 8 publications

What Is Transparency?

What Is Transparency?

Democracy and Transparency

A Survey of Transparency: An Intrinsic Aspect of Business Strategy

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