Local Governments Fiscal Balance Privatization and Banking Sector Reform in Transition Countries is popular PDF and ePub book, written by Ernesto Crivelli in 2012-06-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Local Governments Fiscal Balance Privatization and Banking Sector Reform in Transition Countries can be Read Online from any device for your convenience.
Local Governments Fiscal Balance Privatization and Banking Sector Reform in Transition Countries Book PDF Summary
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.
Detail Book of Local Governments Fiscal Balance Privatization and Banking Sector Reform in Transition Countries PDF
- Author : Ernesto Crivelli
- Release : 01 June 2012
- Publisher : International Monetary Fund
- ISBN : 9781475504118
- Genre : Business & Economics
- Total Page : 27 pages
- Language : English
- PDF File Size : 11,7 Mb
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