How Good Is the Public Data on Sovereign Bond Contracts?

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


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):  
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.


2011 ◽  
pp. 1977-1990
Author(s):  
Philip Leith

Public information presumes that the information is somehow public and, presumably, that this can be utilized by members of the public. Unfortunately, things are more complex than this simple definition suggests, and we therefore need to look at various issues relating to public information which limit access and usage, for example, the nature of privacy, sharing information within government, court records, ownership of public information, and freedom of information. The exemplars dealt with later in the article will demonstrate the legal constraints upon the usage of public information in a digital environment and help raise awareness of such limitations. Public information cannot be formally defined (as a list of items, say) except to indicate it is that information which has historically been available to the public in print form and/or through some generally open process. No formal definition is possible because this depends to a very large extent upon cultural differences. For example, tax returns are viewed as private documents in the United Kingdom open only to the tax authorities (unless otherwise authorized, e.g., in criminal proceedings) whereas in Sweden they can be accessed by any member of the public. Furthermore, the source of public information may also vary: what information is produced by a public authority in one country may not be so carried out in another. The legal constraints upon access and use of public information include the following: • Privacy/confidentiality of public data • Sharing and processing of public data collected for divergent purposes • Freedom of information rights to public data • Copyright and database rights in public data Access to public information may be enabled through a formal public register, through statutory mechanism, or other less formal means. Note that being accessible does not necessarily mean that users are free to use this information in any way they wish: copyright licenses in particular are not always passed along with access rights, so that the public may inspect a document but may not use it in other ways (such as republishing). Reasons for this are obvious: the collection of data by government can be expensive and there can be opposition to subsidising commercial activity from the public purse. In the United States, federal materials are explicitly excluded from copyright protection, but this is rarely the case in Europe (see www.hmso.gov.uk for the UK situation). Another example is that it is possible in most countries to attend local criminal courts or peruse local newspapers and draw up a database of prosecutions in the local area. The database could include information on drunk drivers, sexual offenders, and burglars, and it would be possible to include a wide variety of information—all of it, clearly, of a public nature. Indeed, such activities have been common for many years where credit agencies have collected information from courts on debtors and made this available on a commercial basis. But there are questions: Is all court-based information public? What limitations might be found in some countries and not in others to the dissemination of this information? See Elkin-Koren and Weinstock Netanel (2002) for the general tendency toward commodification of information and Pattenden (2003) for professional confidentiality where it impinges upon public service. On a more mundane level, judgments from most European courts are copyright of the relevant government or agency. In the United Kingdom, differing again, there is some dispute over whether the judge or Court Service owns the judgment, and frequently the only text version of a judgment is copyright of the privately employed court stenographer. Thus the publicly available information which is being discussed here is that which emanates from a public authority and can be accessed by members of the public, but will usually have some constraint and limitation on how it can be reused by the public. We are interested in outlining these constraints.


2019 ◽  
Vol 124 ◽  
pp. 02018
Author(s):  
A. Vodovozov ◽  
N. Chernyaeva ◽  
D.A. Zaripova ◽  
B.A. Zhakishev ◽  
D.K. Sarzhanov

A mathematical model of an electric drive of a centrifugal borehole pump is proposed for evaluating its energy consumption in operating conditions. The model is based on the use of minimum set of technical parameters of the pump, presented in the public data of the manufacturer. The correctness of the calculated formulas is confirmed by experimental data provided in the program for equipment search and selection from Grundfos Product Center. Based on the created model, a comparative analysis of the energy efficiency of products from various manufacturers was made. It is proved that when choosing a centrifugal borehole pump of the local water supply system, it is necessary to pay attention to the energy efficiency indicators of electric drive in order to make a final decision.


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