Transparency in Monetary and Financial Policies

Code of Good Practices on Transparency in Monetary and Financial Policies: Declaration of Principles

Supporting Document
Part 1
Part 2
Part 3

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Supporting Document Part 1
Part 2
Part 3

Please send your comments to monfincode@imf.org

Transparency in Monetary and Financial Policies --
A Factsheet

Standards and Codes


Supporting Document to the
Code of Good Practices on
Transparency in Monetary and
Financial Policies


Approved by the IMF Executive Board
on July 24, 2000


Monetary and Exchange Affairs Department


Contents
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Adobe Acrobat Reader
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Arabic
Part 1
Part 2
Part 3
Chinese
Part 1
Part 2
Part 3
Deutsch
Part 1
Part 2
Part 3 Español
Part 1
Part 2
Part 3
Français
Part 1
Part 2
Part 3
Português
Part 1
Part 2
Part 3
Russian
Part 1
Part 2
Part 3

Part 1.  Introduction and Reference Material

Introduction

  1. Background and Development of the Supporting Document
  2. Objective and Structure of the Supporting Document
  3. Transparency, Disclosure, and the Supporting Document

Table 1. Responses to Questionnaire on MFP Transparency Code by
   Policy Functions of Respondents

Reference Material
Appendix I  Code of Good Practices on Transparency in Monetary and
   Financial Policies: Declaration of Principles
Appendix II  References on Transparency and Accountability by Central
   Banks and Financial Agencies
Appendix III  Glossary of Key Terms
Appendix IV  Composite Financial Supervisory Agencies
 

Part 2.  Good Transparency Practices for Monetary Policy by Central Banks
  1. Clarity of Roles, Responsibilities and Objectives of Central Banks for Monetary Policy
  2. Open Process for Formulating and Reporting Monetary Policy Decisions
  3. Public Availability of Information on Monetary Policy
  4. Accountability and Assurances of Integrity by the Central Bank
Text Boxes
Box 2-1  Inflation Targeting Regime and Transparency
Box 2-2  Background on SDDS Development and Experience
Box 2-3  GDDS: Its Role and Experience
Box 2-4  Principles for Central Bank Accounting
Box 2-5  Central Bank Internal Governance and Audit: Summary of
   MainElements

Box 2-6  Code of Conduct for Public Officials
 
Part 3.  Good Transparency Practices for Financial Policies by Financial Agencies
  1. Clarity of Roles, Responsibilities and Objectives of Financial Agencies for Financial Policies
  2. VI.  Open Process for Formulating and Reporting of Financial Policies
  3. VII.  Public Availability of Information on Financial Policies
  4. VIII.  Accountability and Assurances of Integrity by Financial Agencies
Text Boxes
Box 3-1  Forms of Public Consultation
Box 3-2  Characteristics of Transparent Regulations
Box 3-3  Statutory Protection for Officials and Staff of Financial
   Agencies
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