Mr. M. Cangiano's Books

Accountability and Transparency in the Public Sector

The New Zealand Experience

By: Mr.M. Cangiano

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Accountability and Transparency in the Public Sector

The New Zealand Experience

By: Mr.M. Cangiano

This paper describes the reforms introduced in the New Zealand public sector since the mid-1980s. The reforms included corporatization and privatization of most state-owned enterprises, the shift from a cash-basis to an accrual-basis accounting system and the compilation of a balance sheet for the central government and its entities, performance-based arrangements for the delivery of core government outputs; and institutional changes in expenditure control mechanisms. The paper also summarizes the impact of the reforms on government revenue and spending patterns, and discusses lessons learned from New Zealand’s experience.

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International Monetary Fund

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ISBN 10

1451854447

ISBN 13

9781451854442

Public Financial Management and Its Emerging Architecture

By: Mr. M. Cangiano,Ms. Teresa R Curristine,Mr. Michel Lazare

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Public Financial Management and Its Emerging Architecture

By: Mr. M. Cangiano,Ms. Teresa R Curristine,Mr. Michel Lazare

The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch

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468

Publisher

International Monetary Fund

Published Date

ISBN 10

1475512198

ISBN 13

9781475512199

Will Fiscal Policy Be Effective Under EMU?

By: Mr. M. Cangiano,Mr. Eric Mottu

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Will Fiscal Policy Be Effective Under EMU?

By: Mr. M. Cangiano,Mr. Eric Mottu

European Economic and Monetary Union does not envisage creating a central fiscal authority. Monetary and exchange rate policies will be centralized, but fiscal policy will remain a national responsibility, in line with the subsidiarity principle. This paper argues that monetary union will generate pressures for closer economic integration than currently envisaged. Although not a necessity, a more active central role could then be justified on the grounds of allocative efficiency, redistribution, and stabilization. While in the short term enhanced policy coordination may address those pressures satisfactorily, as economic integration proceeds, the case for a central fiscal authority may become stronger.

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International Monetary Fund

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ISBN 10

1451904126

ISBN 13

9781451904123

Pension Developments and Reforms in Transition Economies

By: Mr. Carlo Cottarelli,Mr. Luis M. Cubeddu,Mr. M. Cangiano

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Pension Developments and Reforms in Transition Economies

By: Mr. Carlo Cottarelli,Mr. Luis M. Cubeddu,Mr. M. Cangiano

This paper reviews developments in pension systems in 11 transition economies during the 1990s, highlighting the forces behind their rapid weakening. It focuses on the challenges these systems face—including those arising from demographic factors—and discusses why most transition countries are considering shifting, or have already shifted, from traditional defined-benefit pay-as-you-go systems to defined-contribution fully funded systems. Finally, the paper looks at the main options that arise in introducing fully funded components, including the relative mix between funding and pay-as-you-go, and the speed of the transition toward the new system.

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International Monetary Fund

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1451902123

ISBN 13

9781451902129

Book's by Mr. M. Cangiano

Accountability and Transparency in the Public Sector

Accountability and Transparency in the Public Sector

Public Financial Management and Its Emerging Architecture

Public Financial Management and Its Emerging Architecture

Will Fiscal Policy Be Effective Under EMU?

Will Fiscal Policy Be Effective Under EMU?

Pension Developments and Reforms in Transition Economies

Pension Developments and Reforms in Transition Economies

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