What does it mean for public financial managers to be professionally and democratically accountable in managing public debt? How do they accomplish (or fall short of) accountability? What are the results of their accountability (or lack thereof)? This paper develops an analytic framework for...

The movement toward open government and fiscal transparency is a worldwide effort that promises the possibility of better and stronger democracy. Transparency is also presumed to help combat corruption and waste. Greater transparency in government thus has been an important goal of many...