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Persistent link: https://www.econbiz.de/10011394065
"In this paper, the author attempts to identify the characteristics of the business climate in India that can help … identify the key features of a poor business environment in India. The analysis shows that infrastructure and institutions …
Persistent link: https://www.econbiz.de/10011394111
"Alm, Annez, and Modi review the options for reform of stamp duties on immovable property transfers collected by Indian state governments. After briefly reviewing some of the many administrative difficulties experienced with the tax, they turn to an examination of its economic impacts. A review...
Persistent link: https://www.econbiz.de/10010522921
India has embarked on a substantial program of decentralization following the 73rd and 74th Amendment Acts to the …-district (block), and village and urban local levels. The World Bank's India program is interested in these developments and is … considering how it should support the Government of India (GoI) objectives in these governance reforms. A wide range of support …
Persistent link: https://www.econbiz.de/10012557312
Both central and state governments have carried out significant correction of financial imbalances since 2000, through the implementation of fiscal reforms including enactment of fiscal responsibility (FR) acts. However, the improvement in the finances of all states in aggregate hides wide...
Persistent link: https://www.econbiz.de/10012557313
"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...
Persistent link: https://www.econbiz.de/10010521050
"Greece and Italy initiated efforts to improve public debt management and develop their domestic debt markets respectively in the late 1970s and mid-1980s. At that time, both countries suffered from large and rapidly growing public debt, excessive reliance on short-term bills held by commercial...
Persistent link: https://www.econbiz.de/10010522920
Improving debt transparency is critical for promoting debt sustainability and creditworthiness assessments, increasing the accuracy of public debt information, and protecting the interests of a diverse range of stakeholders. The importance of debt transparency, the costs associated with the lack...
Persistent link: https://www.econbiz.de/10013254825
The need for an effective public debt management strategy has increased with Tunisia's stronger presence in the international financial markets and the larger exposure to changing borrowing conditions and exchange rate fluctuations. At the same time, there are better conditions today for public...
Persistent link: https://www.econbiz.de/10012559143
The World Bank is developing a program to assist developing countries improve debt management in collaboration with other partners. The objective of the program is to help strengthen capacity and institutions in developing countries to manage government debt in an effective and sustainable...
Persistent link: https://www.econbiz.de/10012559904