publication . Preprint . Article . 2003

Towards Transparency in Finance and Governance

Tara Vishwanath; Daniel Kaufmann;
Open Access
  • Published: 26 Aug 2003
The study of transparency is increasingly a more topical, broadly relevant, but also more under-researched enterprise. The Asian financial crisis has highlighted not only the welfare consequences of financial sector transparency, sparking a series of yet unresolved debates, but has also linked this relatively narrow problem to the broader context of transparency in governance. Its significance has broadened geographically as well as across different sectors. It has been observed that curtailment of transparency, often on scanty pretexts, is commonplace even in the highly developed countries. This suggests a broad and possibly radical reform agenda. Departing fro...
free text keywords: financial liberalization, transparency, corruption, governance, banking crisis, asymmetric information, local investors, shocks, bad loans, emerging markets, jel:E6, jel:F02, jel:F30, jel:F4, jel:G00, jel:G14, jel:G15, jel:G18, jel:G38, jel:H0, Private sector, Incentive, Transparency (graphic), Public economics, Finance, business.industry, business, Conceptual framework, Corporate governance, Economics, Public sector, Corruption, media_common.quotation_subject, media_common, Public participation
Related Organizations

Furman, J and J.E. Stiglitz: 1998. Economic Crises: Evidence and Insights from East Asia, Brookings Papers on Economic Activity. Washington D.C. [OpenAIRE]

Stiglitz,J.E and A. Bhattacharya: 1999. Underpinnings for a Stable and Equitable Global Financial System: From Old Debates to a New Paradigm, ABCDE Conference series, World Bank, Washington, D.C.

Stiglitz,J.E., 1975. “Information and Economic Analysis” in Current Economic Problems, Parkin and Nobay (eds.) Cambridge University Press, pp27-52 Stiglitz,J.E., 1998a. “The Private Uses of Public Interests: Incentives and Institutions”, Journal of Economic Perspectives, 12, pp:3-22 (spring)

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