Crivelli, Ernesto - International Monetary Fund (IMF) - 2012
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … 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 …