Digital Revolutions In Public Finance

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Digital Revolutions in Public Finance

Mr.Sanjeev Gupta,Mr.Michael Keen,Ms.Alpa Shah,Ms.Genevieve Verdier
Digital Revolutions in Public Finance Book PDF

Author : Mr.Sanjeev Gupta,Mr.Michael Keen,Ms.Alpa Shah,Ms.Genevieve Verdier
Publisher : International Monetary Fund
Page : 362 pages
File Size : 53,7 Mb
Release : 2017-11-01
Category : Business & Economics
ISBN : 9781484315224

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Digital Revolutions in Public Finance by Mr.Sanjeev Gupta,Mr.Michael Keen,Ms.Alpa Shah,Ms.Genevieve Verdier Pdf

Digitization promises to reshape fiscal policy by transforming how governments collect, process, share, and act on information. More and higher-quality information can improve not only policy design for tax and spending, but also systems for their management, including tax administration and compliance, delivery of public services, administration of social programs, public financial management, and more. Countries must chart their own paths to effectively balance the potential benefits against the risks and challenges, including institutional and capacity constraints, privacy concerns, and new avenues for fraud and evasion. Support for this book and the conference on which it is based was provided by the Bill and Melinda Gates Foundation “Click Download on the top right corner for your free copy..."

The Future of Money

Eswar S. Prasad
The Future of Money Book PDF

Author : Eswar S. Prasad
Publisher : Harvard University Press
Page : 497 pages
File Size : 54,8 Mb
Release : 2021-09-21
Category : Business & Economics
ISBN : 9780674270084

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The Future of Money by Eswar S. Prasad Pdf

An Economist Best Book of the Year A Financial Times Best Book of the Year A Foreign Affairs Best Book of the Year A ProMarket Best Political Economy Book of the Year One of The Week’s Ten Best Business Books of the Year A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think we’ve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force won’t be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Meta and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Shifting Paradigms

Zia Qureshi,Cheonsik Woo
Shifting Paradigms Book PDF

Author : Zia Qureshi,Cheonsik Woo
Publisher : Brookings Institution Press
Page : 298 pages
File Size : 49,6 Mb
Release : 2022-01-11
Category : Business & Economics
ISBN : 9780815739012

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Shifting Paradigms by Zia Qureshi,Cheonsik Woo Pdf

Addressing the big questions about how technological change is transforming economies and societies Rapid technological change—likely to accelerate as a consequence of the COVID-19 pandemic—is reshaping economies and how they grow. But change also causes disruption, creates winners and losers, and produces social stress. This book examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive. Shifting Paradigms is the second book on technological change produced by a joint research project of the Brookings Institution and the Korea Development Institute. Contributors are experts from the United States, Europe, and Korea. The first volume, Growth in a Time of Change, was published by Brookings in February 2020. The book's underlying thesis is that the future is arriving faster than expected. Long-accepted paradigms about economic growth are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify with advances in artificial intelligence and other innovations. Investors, business leaders, workers, and public officials face many questions. Is rising market concentration inevitable with the new technologies or can their benefits be more widely shared? How can the promise of FinTech be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing income inequality to rise? How should public policy respond? Shifting Paradigms addresses these questions in an engaging manner for anyone interested in understanding how the economic and social agenda is being transformed by today's winds of change.

Digital Solutions Guidelines for Public Financial Management

Lorena Rivero del Paso,Sailendra Pattanayak,Gerardo Uña,Hervé Tourpe
Digital Solutions Guidelines for Public Financial Management Book PDF

Author : Lorena Rivero del Paso,Sailendra Pattanayak,Gerardo Uña,Hervé Tourpe
Publisher : International Monetary Fund
Page : 69 pages
File Size : 52,9 Mb
Release : 2023-10-06
Category : Business & Economics
ISBN : 9798400251566

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Digital Solutions Guidelines for Public Financial Management by Lorena Rivero del Paso,Sailendra Pattanayak,Gerardo Uña,Hervé Tourpe Pdf

The Digital Solutions Guidelines for Public Financial Management (Guidelines) are intended to serve as a comprehensive reference material for the assessment, design, and improvement of digital initiatives in the public financial management (PFM) area. To support the digital transformation of PFM functions, the Guidelines are structured around three Pillars – Functional, IT Architectural, and Governance and Management. Each pillar comprises six principles, which are further broken down into one to four attributes to promote more efficient and transparent PFM operations while fostering innovation and managing digital risks. These Guidelines also allow a graduated approach to digital transformation of PFM through three levels of maturity for each Attribute – foundational, intermediate, and advanced – to help take into account country-specific contexts and capacities in digital transformation strategies.

The Fourth Industrial Revolution

Klaus Schwab
The Fourth Industrial Revolution Book PDF

Author : Klaus Schwab
Publisher : Currency
Page : 192 pages
File Size : 52,9 Mb
Release : 2017-01-03
Category : Business & Economics
ISBN : 9781524758875

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The Fourth Industrial Revolution by Klaus Schwab Pdf

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

Technological Revolutions and Financial Capital

C. Perez
Technological Revolutions and Financial Capital Book PDF

Author : C. Perez
Publisher : Edward Elgar Publishing
Page : 219 pages
File Size : 41,8 Mb
Release : 2003-01-01
Category : Business & Economics
ISBN : 9781781005323

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Technological Revolutions and Financial Capital by C. Perez Pdf

Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way.

Care Homes in a Turbulent Era

Komla Dzigbede,W. B. Hildreth
Care Homes in a Turbulent Era Book PDF

Author : Komla Dzigbede,W. B. Hildreth
Publisher : Edward Elgar Publishing
Page : 459 pages
File Size : 50,5 Mb
Release : 2023-08-14
Category : Political Science
ISBN : 9781800379718

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Care Homes in a Turbulent Era by Komla Dzigbede,W. B. Hildreth Pdf

This scholarly Research Handbook captures key observations and analyses within the field of public financial management. It offers much-needed insights into possible future research ventures while presenting contemporary summaries of past studies in this ever-evolving field.

Transforming Public Finance Through GovTech

David Amaglobeli,Ruud A. de Mooij,Andualem Mengistu,Mariano Moszoro,Manabu Nose,Soheib Nunhuck,Sailendra Pattanayak,Lorena Rivero del Paso,Frankosiligi Solomon,Ms. Rebecca Sparkman,Hervé Tourpe,Gerardo Uña
Transforming Public Finance Through GovTech Book PDF

Author : David Amaglobeli,Ruud A. de Mooij,Andualem Mengistu,Mariano Moszoro,Manabu Nose,Soheib Nunhuck,Sailendra Pattanayak,Lorena Rivero del Paso,Frankosiligi Solomon,Ms. Rebecca Sparkman,Hervé Tourpe,Gerardo Uña
Publisher : International Monetary Fund
Page : 46 pages
File Size : 54,7 Mb
Release : 2023-09-07
Category : Business & Economics
ISBN : 9798400245480

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Transforming Public Finance Through GovTech by David Amaglobeli,Ruud A. de Mooij,Andualem Mengistu,Mariano Moszoro,Manabu Nose,Soheib Nunhuck,Sailendra Pattanayak,Lorena Rivero del Paso,Frankosiligi Solomon,Ms. Rebecca Sparkman,Hervé Tourpe,Gerardo Uña Pdf

Digital divide across countries and within countries continues to persist and even increased when the quality of internet connection is considered. The note shows that many governments have not been able to harness the full potential of digitalization. Governments could play important role to facilitate digital adoption by intervening both on supply (investing in infrastructure) and demand side (increase internet affordability). The note also documents significant dividends from digital adoption for revenue collection and spending efficiency, and for outcomes in education, health and social safety nets. The note also emphasizes that digitalization is not a substitute for good governance and that comprehensive reform plans embedded in National Digital Strategies (NDS) combined with legal and institutional reforms are needed to ensure that governments can reap full benefits from digitalization and manage the risks appropriately.

The Digital Financial Revolution in China

David Dollar,Yiping Huang
The Digital Financial Revolution in China Book PDF

Author : David Dollar,Yiping Huang
Publisher : Brookings Institution Press
Page : 342 pages
File Size : 44,9 Mb
Release : 2022-05-10
Category : Business & Economics
ISBN : 9780815739562

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The Digital Financial Revolution in China by David Dollar,Yiping Huang Pdf

Describes how China is in the lead in transforming finance for the digital age This book is the product of a joint research project between economists at the National School of Development, especially the affiliated Institute of Digital Finance, at Peking University and at the Brookings Institution. It investigates the impact of financial technology on job creation, income distribution, and consumer welfare in China. It also examines larger systemic issues such as monetary policy, stability of the banking sector, and international trade and payments.

Fintech Payments in Public Financial Management: Benefits and Risks

Gerardo Uña,Alok Verma,Majid Bazarbash,Ms. Naomi N Griffin
Fintech Payments in Public Financial Management Benefits and Risks Book PDF

Author : Gerardo Uña,Alok Verma,Majid Bazarbash,Ms. Naomi N Griffin
Publisher : International Monetary Fund
Page : 36 pages
File Size : 41,8 Mb
Release : 2023-02-03
Category : Business & Economics
ISBN : 9798400232213

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Fintech Payments in Public Financial Management: Benefits and Risks by Gerardo Uña,Alok Verma,Majid Bazarbash,Ms. Naomi N Griffin Pdf

Fintech payments leverage large digital platforms to fill gaps in the traditional payment system. They have made great strides in increasing access to payment services in several countries around the globe. At the same time, like any innovation, the new payment models are exposed to risks in their operating environment. We review the main fintech payment models (mobile money, internet-based fintech payment, and digital money) and discuss operational and financial risks as well as challenges they face. We then explore how public financial management (PFM), especially treasury payments and non-tax revenue collections, could benefit from fintech payments by providing examples of early fintech applications in different countries and discuss the challenges of integrating them into the public sector. The use of fintech in public finance could bring various benefits—including strengthening fiscal transparency, improving budget planning and execution, and upgrading cash management—if public sector institutional and technological capacities are strengthened and risks are adequately mitigated.

Fiscal Federalism 2022 Making Decentralisation Work

OECD
Fiscal Federalism 2022 Making Decentralisation Work Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 288 pages
File Size : 51,6 Mb
Release : 2021-12-20
Category : Electronic
ISBN : 9789264912953

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Fiscal Federalism 2022 Making Decentralisation Work by OECD Pdf

Fiscal Federalism 2022 surveys recent trends and policies in intergovernmental fiscal relations and subnational government. Accessible and easy-to-read chapters provide insight into: good practices in fiscal federalism; the design of fiscal equalisation systems; measuring subnational tax and spending autonomy; promoting public sector performance across levels of government; digitalisation challenges and opportunities; the role of subnational accounting and insolvency frameworks; funding and financing of local government public investment; and early lessons from the COVID-19 crisis for intergovernmental fiscal relations.

Public Finance and Public Policy

Arye L. Hillman
Public Finance and Public Policy Book PDF

Author : Arye L. Hillman
Publisher : Cambridge University Press
Page : 657 pages
File Size : 51,7 Mb
Release : 2019-01-10
Category : Business & Economics
ISBN : 9781107136311

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Public Finance and Public Policy by Arye L. Hillman Pdf

Using a political-economy perspective this book is an introduction to the responsibilities and limitations of government in a market economy.

Fiscal Monitor, April 2018

International Monetary Fund. Fiscal Affairs Dept.
Fiscal Monitor April 2018 Book PDF

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 156 pages
File Size : 51,5 Mb
Release : 2018-04-18
Category : Business & Economics
ISBN : 9781484333952

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Fiscal Monitor, April 2018 by International Monetary Fund. Fiscal Affairs Dept. Pdf

This report discusses fiscal trends in policies aimed at reducing fiscal vulnerabilities and boosting medium-term growth, recent fiscal developments and the fiscal outlook in advanced economies, emerging markets, and low-income developing countries; recent trends in government debt and analysis of changes in fiscal balances, revenue, and spending; potential fiscal risks; and growth from the fiscal policies. It also describes how digitalization can help governments improve implementation of current policy and widen the range of policy options, and opportunities and risks for fiscal policy, including improvements in policy implementation, the design of future policy, and how digitalization can create opportunities for fraud and increase government vulnerabilities.

PEFA, Public Financial Management, and Good Governance

Jens Kromann Kristensen,Martin Bowen,Cathal Long,Shakira Mustapha,Urška Zrinski
PEFA Public Financial Management and Good Governance Book PDF

Author : Jens Kromann Kristensen,Martin Bowen,Cathal Long,Shakira Mustapha,Urška Zrinski
Publisher : World Bank Publications
Page : 168 pages
File Size : 42,9 Mb
Release : 2019-11-24
Category : Business & Economics
ISBN : 9781464814662

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PEFA, Public Financial Management, and Good Governance by Jens Kromann Kristensen,Martin Bowen,Cathal Long,Shakira Mustapha,Urška Zrinski Pdf

This project, based on the Public Expenditure and Financial Accountability (PEFA) data set, researched how PEFA can be used to shape policy development in public financial management (PFM) and other major relevant policy areas such as anticorruption, revenue mobilization, political economy analysis, and fragile states. The report explores what shapes the PFM system in low- and middle-income countries by examining the relationship between political institutions and the quality of the PFM system. Although the report finds some evidence that multiple political parties in control of the legislature is associated with better PFM performance, the report finds the need to further refine and test the theories on the relationship between political institutions and PFM. The report addresses the question of the outcomes of PFM systems, distinguishing between fragile and nonfragile states. It finds that better PFM performance is associated with more reliable budgets in terms of expenditure composition in fragile states, but not aggregate budget credibility. Moreover, in contrast to existing studies, it finds no evidence that PFM quality matters for deficit and debt ratios, irrespective of whether a country is fragile or not. The report also explores the relationship between perceptions of corruption and PFM performance. It finds strong evidence of a relationship between better PFM performance and improvements in perceptions of corruption. It also finds that PFM reforms associated with better controls have a stronger relationship with improvements in perceptions of corruption compared to PFM reforms associated with more transparency. The last chapter looks at the relationship between PEFA indicators for revenue administration and domestic resource mobilization. It focuses on the credible use of penalties for noncompliance as a proxy for the type of political commitment required to improve tax performance. The analysis shows that countries that credibly enforce penalties for noncompliance collect more taxes on average.

Identification Revolution

Alan Gelb,Anna Diofasi Metz
Identification Revolution Book PDF

Author : Alan Gelb,Anna Diofasi Metz
Publisher : Brookings Institution Press
Page : 273 pages
File Size : 53,5 Mb
Release : 2018-01-16
Category : Business & Economics
ISBN : 9781944691042

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Identification Revolution by Alan Gelb,Anna Diofasi Metz Pdf

Some 600 million children worldwide do not legally exist. Without verifiable identification, they—and unregistered adults—could face serious difficulties in proving their identity, whether to open a bank account, purchase a SIM card, or cast a vote. Lack of identification is a barrier to full economic and social inclusion. Recent advances in the reach and technological sophistication of identification systems have been nothing less than revolutionary. Since 2000, over 60 developing countries have established national ID programs. Digital technology, particularly biometrics such as fingerprints and iris scans, has dramatically expanded the capabilities of these programs. Individuals can now be uniquely identified and reliably authenticated against their claimed identities. By enabling governments to work more effectively and transparently, identification is becoming a tool for accelerating development progress. Not only is provision of legal identity for all a target under the Sustainable Development Goals, but this book shows how it is also central to achieving numerous other SDG targets. Yet, challenges remain. Identification systems can fail to include the poor, leaving them still unable to exercise their rights, access essential services, or fully participate in political and economic life. The possible erosion of privacy and the misuse of personal data, especially in countries that lack data privacy laws or the capacity to enforce them, is another challenge. Yet another is ensuring that investments in identification systems deliver a development payoff. There are all too many examples where large expenditures—sometimes supported by donor governments or agencies—appear to have had little impact. Identification Revolution: Can Digital ID be Harnessed for Development? offers a balanced perspective on this new area, covering both the benefits and the risks of the identification revolution, as well as pinpointing opportunities to mitigate those risks.