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Local governments' fiscal balance, privatization, and banking sector reform in transition countries /

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote fisca...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Crivelli, Ernesto (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Ã2012.
Colección:IMF working paper ; WP/12/146.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Crivelli, Ernesto,  |e author. 
245 1 0 |a Local governments' fiscal balance, privatization, and banking sector reform in transition countries /  |c prepared by Ernesto Crivelli. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c Ã2012. 
300 |a 1 online resource (27 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/12/146 
500 |a Title from PDF title page (IMF Web site, viewed Jun. 8, 2012). 
520 |a Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational fiscal autonomy along with reforms to the banking system - restraining access to soft financing - may prove effective at improving fiscal balances among local governments. 
504 |a Includes bibliographical references. 
500 |a "Middle East and Central Asia Department." 
500 |a "June 2012." 
522 |a Armenia, Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, Moldova, Mongolia, Poland, Romania, Russian Federation, Slovak Republic, slovenia and Ukraine. 
505 0 |a Cover; Contents; I. Introduction; II. Decentralization, Fiscal Balances, and Privatization: Background; III. Empirical Specification and Data; A. Empirical Specification; B. Estimation; C. Data; IV. Results; Tables; 1. Main Results; V. Further Analysis; 2. Robustness Results; VI. Discussion and Conclusions; Appendices; A. Data; A.1. Descriptive Statistics; B. Robustness to Instrument Choice; B.1. Robustness to instrument choice: Main results; B.2. Robustness to Instrument Choice: Further Results; References. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Decentralization in government  |z Developing countries. 
650 0 |a Decentralization in government  |z Europe, Eastern. 
650 0 |a Decentralization in government  |z Former Soviet republics. 
650 0 |a Privatization  |z Developing countries. 
650 0 |a Privatization  |z Europe, Eastern. 
650 0 |a Privatization  |z Former Soviet republics. 
650 0 |a Finance, Public  |z Developing countries. 
650 0 |a Finance, Public  |z Europe, Eastern. 
650 0 |a Finance, Public  |z Former Soviet republics. 
650 6 |a Privatisation  |z Europe de l'Est. 
650 6 |a Privatisation  |z Ex-URSS. 
650 6 |a Finances publiques  |z Europe de l'Est. 
650 6 |a Finances publiques  |z Ex-URSS. 
650 7 |a Decentralization in government  |2 fast 
650 7 |a Finance, Public  |2 fast 
650 7 |a Privatization  |2 fast 
651 7 |a Developing countries  |2 fast 
651 7 |a Eastern Europe  |2 fast 
651 7 |a Soviet Union  |z Former Soviet republics  |2 fast 
710 2 |a International Monetary Fund.  |b Middle East and Central Asia Department,  |e issuing body. 
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830 0 |a IMF working paper ;  |v WP/12/146. 
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