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

Saved in:

Bibliographic Details
Author / Creator:	Crivelli, Ernesto, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (27 pages).
Language:	English
Series:	IMF working paper ; WP/12/146 IMF working paper ; WP/12/146.
Subject:	Decentralization in government -- Developing countries. Decentralization in government -- Europe, Eastern. Decentralization in government -- Former Soviet republics. Privatization -- Developing countries. Privatization -- Europe, Eastern. Privatization -- Former Soviet republics. Finance, Public -- Developing countries. Finance, Public -- Europe, Eastern. Finance, Public -- Former Soviet republics. Decentralization in government. Finance, Public. Privatization. Developing countries. Eastern Europe. Soviet Union -- Former Soviet republics.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500256

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Middle East and Central Asia Department, issuing body.
ISBN:	9781475504118 9781475539868 147550411X 9781475504118 147553986X 9781475539868 1475515596 9781475515596
Notes:	Title from PDF title page (IMF Web site, viewed Jun. 8, 2012). "Middle East and Central Asia Department." "June 2012." Includes bibliographical references.
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.
Geographic coverage:	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.
Standard no.:	10.5089/9781475515596.001

Similar Items