The public finance control has a huge impact not only on transparent public finance management but also on strengthening of the State economy and improvement of public welfare. In the article the main attention is given to the control of the following public finance system elements of the...

In many developing countries, government cash management is misperceived as synonymous to budget execution, accounting control, or debt management, instead of as a practice that aims to cost-effectively manage government cash positions, including their risks. They often neglect the significant...

This paper investigates the importance of institution building for economic growth in transition economies of Eastern Europe and CIS-States. Using recent data, it shows that even in a Guardian State, institutions like property rights protection, administration efficiency, and general rule of law...

This paper provides estimates of the implicit fiscal assets as well as of the evolution over time of fiscal costs and revenues related to tax-favoured retirement saving regimes in 17 OECD countries, taking into account current and future contributions, asset accumulation and withdrawals, all of...

We draw out implications of the identifiable victim effect - the greater sympathy shown toward identifiable than statistical victims - for public finance. We first review research showing (1) that people respond more strongly to identifiable than statistical victims even when identification...

In this paper, we examine how the presence of country insurance schemes affects policymakers' incentives to undertake reforms. Such schemes (especially when made contingent on negative external shocks) are more likely to foster than to delay reform in crisis-prone volatile economies. The...