Getting the Dog to Bark (Irwin)

Getting the dog to bark: Disclosing fiscal risks from the financial by Tomithy C. Irwin published by IMF (9/2015). “Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis thus seems to reveal a failure of fiscal reporting: before the crisis, even reports on fiscal risk typically did not mention banks as a possible source of fiscal problems…”

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