02056cas a2200241 a 4500 AALejournalIMF013416 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475537642 1018-5941 BD-DhAAL BD-DhAAL Seiferling, Mike. Stock-Flow Adjustments, Government's Integrated Balance Sheet and Fiscal Transparency / Mike Seiferling. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper re-examines the stock-flow discrepancies of government debt and deficits and correlation with fiscal transparency. Applying the fully integrated relationship between financial stocks and flows allows for a more refined analysis of the deterministic components that make up the 'stock-flow' residual. Using partial measures of these stock-flow residuals, several empirical studies have found them to be significantly correlated with fiscaltransparency, inflation, fiscal rules, and banking crisis. Using fully integrated public finance data from the IMF Government Finance Statistics Yearbook for a sample of 22 countries, the findings in this paper suggest that stock-flow residuals have a significantly smaller magnitude than previously assumed and are, in fact, not correlated with fiscal transparency. A stronger determinant of fiscal transparency scores appears to be the actual reporting of fiscal data covering general government, especially a full financial balance sheet. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2013/063 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/063/001.2013.issue-063-en.xml IMF e-Library