scholarly journals Sovereign Bond Contracts: Flaws in the Public Data?

2018 ◽  
Vol 4 (2) ◽  
pp. 190-208
Author(s):  
Andrea E Kropp ◽  
W Mark C Weidemaier ◽  
Mitu Gulati

Abstract Commercial databases now make available to paying clients information about the legal terms in sovereign loan contracts. This information is important to academic researchers, to policy institutions such as the International Monetary Fund, and to investors and other market actors. For a random sample of 10 countries, the authors compare this data to a hand-coded sample of bond terms. They find significant error rates in the commercial databases, which vary significantly by country and by the legal term at issue. In some cases, they document error rates well over 75 per cent. They also describe important limitations in the data, especially the use of binary coding schemes that obscure important differences in the rights conferred by different sovereign loan contracts.

Author(s):  
Andrea Kropp ◽  
Gaurang Mitu Gulati ◽  
Mark C. Weidemaier

2018 ◽  
Vol 10 (1) ◽  
pp. 19-26 ◽  
Author(s):  
Muhammad Iqbal Perkasa ◽  
Eko Budi Setiawan

Data is one of the most important things in this information and information technology era that evolving now. Currently, the government still has not used the public data maximally for administrative purposes. Utilization of this big population data is the creation of a web service application system with REST API where this data will be open and accessible to those who have access. One of the institutions that use this service is the Manpower and Transmigration Service where this system can make the Dinas staff more efficient to create and register job search cards using available community data. This application is able to provide and facilitate many parties, such as data administrators to monitor data usage, registration employee in input data, and people able to register independently. Index Terms—Web service, API, Rest api, People data


2021 ◽  
Vol 66 (Special edition 2021/1) ◽  
pp. 52-67
Author(s):  
Gergely Pálmai ◽  
Szabolcs Csernyák ◽  
Zoltán Erdélyi

The analysis focused on how efficient management of the national data asset is supported by the Hungarian regulatory framework concerning the use of public information, and whether public data constituting part of the national data asset can be deemed authentic and reliable to support the efforts for the digitalisation and artificial intelligence-based developments of the public sector. The analysis shows why the availability of authentic and reliable data in terms of the national data asset has outstanding significance. In support of this assertion, it presents the different levels of data asset use, the role of using artificial intelligence in the public sector, and the significance, risks and challenges of the authenticity and reliability of public data, from both a data protection and a public finance aspect. Inaccuracy, unreliability of input data predestines the generation of incorrect result products (conclusion, decision), even if the appropriate algorithm is used, which could lead to direct financial loss, for both the citizens and the state. The authors of the analysis therefore suggest that a paradigm shift is necessary in the strategies targeting the efficient use of the public sector’s data, with the necessity to record the fundamental precondition that the national data asset must be based on reliable and authentic data.


2020 ◽  
Vol 15 (1) ◽  
pp. 25-36
Author(s):  
Rosyidatuzzahro Anisykurlillah

Illiteracy is a global issue that must be addressed immediately. In Malang Regency, there were 18,535 people who were illiterate. The effort of the Malang Regency Education Office to improve AMH is through Non-Formal Education Program (PNF). The assessment of the literacy development program through the PNF Program can use Context, Input, Process, and Product (CIPP) evaluation assessments. This research uses descriptive research with a qualitative approach. The purpose of this research is to describe and analyze the evaluation of literacy education through the PNF Program in Malang Regency using the CIPP methods. Data analysis techniques used in this study are interactive model analysis of Miles, Huberman, and Saldana. Based on the evaluation results using the CIPP (Context, Input, Process, and Product) method, there are still obstacles that must be resolved for the success of the PNF program. These obstacles include learning time that is not on schedule, lack of awareness of citizens in following the program, incapability of citizens, the difficulty of convincing the public, data collection of prospective citizens who fail to meet expectations. Abstrak Isu permasalahan buta huruf merupakan isu global yang harus segera ditangani. Pendidikan keaksaraan (belajar membaca dan menulis) diukur dengan Angka Melek Huruf (AMH) dapat menggambarkan jumlah orang yang memperoleh akses pendidikan sebagai hasil pembangunan. Di Kabupaten Malang terdapat 18.535 orang yang buta huruf. Upaya Dinas Pendidikan Kabupaten Malang untuk meningkatkan AMH adalah dengan Program Pendidikan Non Formal (PNF). Untuk menilai pembangunan pendidikan keaksaraan melalui Program PNF dapat menggunakan penilaian evaluasi Context, Input, Process, and Product (CIPP). Penelitian ini menggunakan jenis penelitian deskriptif dengan pendekatan kualitatif. Teknik analisis data yang digunakan dalam penelitian ini adalah interactive model analysis Miles, Hubermana, dan Saldana. Jika dilihat dari hasil Evaluasi menggunakan metode CIPP (Context, Input, Process, dan Product), masih ada hambatan-hambatan yang harus diselesaikan demi keberhasilan program PNF. Hambatan tersebut diantaranya waktu pembelajaran yang tidak sesuai jadwal, kurang kesadaran warga Belajar (WB) dalam mengikuti program, ketidakmampuan Warga Belajar (WB), sulitnya meyakinkan masyarakat, pendataan calon warga belajar yang tidak sesuai harapan.


Author(s):  
Grant Duncan ◽  
James H Liu ◽  
Sarah Y Choi

Leading up to the 2017 New Zealand general election, Stuff.co.nz and Massey University collaborated in two online surveys of public opinion to test the mood of the nation and seek opinions about a range of relevant political and social issues. Given their success, two more surveys were conducted in 2020. This article summarises results from the 2020 data, and reflects on the methodological advantages, disadvantages and challenges of conducting people-driven online surveys that need to meet the differing needs of academic researchers, journalists and the public. While the surveys produced very large samples, they were not representative. Moreover, the choices of items were influenced by what happened to be newsworthy at the time. Naturally, Covid-19 was a significant theme during the 2020 surveys. The results reveal predictable left–right polarization of opinions, a minority support for conspiracy theories, some areas of wide agreement across the political spectrum, and some unexpected nuances of opinions within and across ethnic groups.


Author(s):  
Joel Stafford

Background with rationaleIt is commonplace in policy discussions concerning administrative data linkage to presuppose that the data referred to is government services data. But this is not always the case. Much of the data public services hold is now collected via intermediaries, such as Non-Government Organisations, operating under service contracts with one or multiple government departments. Nor are these the only administrative data holdings applicable to clients of government services. There are also vast private administrative data holdings – including utility data, and consumer behaviour data. Creating and amending legislation that governs public service practices in this domain is increasingly made complex when private companies partner with governments agencies on policy development and evaluation work. Understanding the concept of public data for public good in light of this expanded sense of administrative data opens the door to deeper questions about the role linked data can play in government decision making. Main aimThe paper problematizes how legislation governing the linking of government administrative data is scoped and discusses how public service work can be affected by the opaque communication networks that increasingly span the public-private sector divide. Methods/ApproachAfter contextualising the challenge of legislating for administrative data linkage in the current work of the Office of the National Data Commissioner (ONDC) in Australia, this paper tests aspects of the proposed legislation against the extent to which it permits the possibility of ‘data laundering’. ResultsThe presentation demonstrates the need for greater sophistication in the specification of data linkage and sharing legislation in service of the public good. Conclusions This paper indicates that contemporary practices governing the linkage of government administrative data holdings is porous to the aims of extra-governmental organisations and may benefit by better incorporating legislative structures that govern private analytical services entities.


2021 ◽  
Vol 22 (3) ◽  
pp. 445-452
Author(s):  
Dongjun Kim ◽  
Hyeonji Kim ◽  
Chaeeun Song ◽  
Jiwoo Yang ◽  
Haklae Kim
Keyword(s):  

Res Publica ◽  
1989 ◽  
Vol 31 (2) ◽  
pp. 181-188
Author(s):  
Louis Vanvelthoven

Opening up as many sources of information as possible is particularly conducive to the development of workable policy plans and to efficient decision-making in a democratic political system. It follows that MPs can greatly benefit from using computerized information systems.As far as the parliamentary activities are concerned, we can distinguish between internal and external information flow. The contents of the parliamentary documents, the procedure for processing them and the information on the parliamentary control are part of the internal information flow. The external information on the other hand refers to the relations between the MPs and the executive and the judiciary branches, supranational and international institutions as well as the library.To date, the House of Representatives has been the only assembly that has set up a computerized information system . The data bases of the House comprise : the parliamentary documents and the state of advancement of all proceedings linked to these documents (bath in the House and in the Senate) until the publication of the text in the official state journal. Other databases relate to the parliamentary control : interpellations, motions, oral questions and the entire text of the written parliamentary questions.The record of the House will also be stored in a data base giving references. The library fund has been integrated in the interlibrary network DOBIS-LIBIS.  A data base was also designed for the press information, and linked to an image processing system.What has been realized in the House to date must also be feasible for the other parliamentary assemblies. Viewed from that perspective, it seems advisable that data bases be centralized in one parliamentary information DP centre. Access to this centre should be particulary user-friendly and uniform, so much so that all MPs can make maximum use of it.The system set up by the House meets with an ever increasing demand from other possible users. In this context, attention should be drawn to the interconnection of this system with other parliamentary assemblies, the extension of the system to other users in the House ofthe MPs and the external access to the system via the telephone network: direct access for the universities, and for certain public and private institutions and individual MPs, and the BISTEL and/ or VIDEOTEX access.The majority of the public data bases linked to the telephone network can be interrogated via the BISTEL system, hut many interesting applications are not accessible via the telephone network as they function in closed circuits.Opening up data bases by linking them to the telephone network, implies that the problem of cost and privacy be carefully examined. As to privacy, we should reflect on the public or confidential character of the data and its consequences, on safeguarding the information stored in the system and on the evolution ofcommunications technology from the perspective of a continental European communications network.


Author(s):  
Gary Murphy

Since Irish independence in 1922, governance structures have been excessively secretive. Political and civil service elites operated on a presumption of secrecy and a principle that the public did not need to know about decisions being taken in their name. In the last two decades, a number of policy innovations have gone some way towards providing for a more open polity. These include Ombudsman, regulation of lobbying, and freedom of information legislation, enacted over concerns about payments to politicians and a series of catastrophic public policy decisions that led to the bailout of the Irish economy by the International Monetary Fund, the European Commission, and the European Central Bank. This chapter assesses the importance of the principle of open government in modern Irish politics. It examines the nature of secrecy, assesses the tentative opening up of government since the 1980s, and analyses the open government proposals introduced since 2011.


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