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Local governments’ fiscal balance, privatization, and banking sector reform in transition countries
Crivelli, Ernesto - 2012
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...
Persistent link: https://www.econbiz.de/10009618582
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Uganda : Managing More Effective Decentralization
Brosio, Giorgio - 2006
Intro -- Contents -- I. INTRODUCTION -- II. A BENCHMARK: PRINCIPLES OF DECENTRALIZATION REFORM -- III. UGANDA'S DECENTRALIZATION PROCESS: THE INSTITUTIONS -- IV. SPECIFIC OUTCOMES IN SERVICE DELIVERY -- V. FINAL REMARKS -- References.
Persistent link: https://www.econbiz.de/10013042569
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Fiscal Decentralization and Public Subnational Financial Management in Peru.
Garcia-Escribano, Mercedes - 2006
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. DECENTRALIZATION AND OVERALL FISCAL CONSTRAINTS -- IV. LEGAL FRAMEWORK -- V. ASSIGNMENTS AND ACCOUNTABILITY -- VI. CONCLUSIONS -- References.
Persistent link: https://www.econbiz.de/10012691111
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Platform Precommitment via Decentralization
Reuter, Marco - 2024
I study an entrepreneur's incentives to build a decentralized platform using a blockchain. The entrepreneur can either build the platform using a regular company and retain control of the platform, or build the platform using a blockchain and surrender control of the platform. In either case,...
Persistent link: https://www.econbiz.de/10015058696
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Fiscal Decentralization Improves Social Outcomes When Countries Have Good Governance
Nakatani, Ryota - 2022
governance? How do fiscal decentralization and governance interact? We answer these questions through an instrumental variable … however are more than offset by better governance. Education expenditure decentralization to subnational governments enhances … governance arrangements exceeds a certain threshold. We also find that sequencing and staging of decentralization matter …
Persistent link: https://www.econbiz.de/10015060378
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Reforming the Corporate Governance of Italian Banks
Jassaud, Nadège - International Monetary Fund (IMF) - 2014
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets …. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges … improving their corporate governance, more needs to be done. In this regard, further improvements should include: (i …
Persistent link: https://www.econbiz.de/10010959465
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Ethnic Diversity, Democracy, and Corruption
Yehoue, Etienne B. - International Monetary Fund (IMF) - 2007
I study the link between ethnic diversity, democracy, and corruption. In a static model, I show that contrary to conventional wisdom, corruption might emerge as a negative externality of democracy. This occurs through ethnicity, which appears as a rent-extracting technology in a democratic...
Persistent link: https://www.econbiz.de/10005248127
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Financial Globalization and the Governance of Domestic Financial Intermediaries
Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007
the general equilibrium effects of capital flows (portfolio investments and loans, FDI) on the governance of domestic … banks. We find that liberalization of capital flows may deteriorate the governance of the domestic financial system by …
Persistent link: https://www.econbiz.de/10005248244
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Dynamic Incentives and the Optimal Delegation of Political Power
Borgne, Eric Le; Eggertsson, Gauti B. - International Monetary Fund (IMF) - 2007
This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent institution. It formalizes the rationales for delegation highlighted by Hamilton (1788) and by Blinder (1998). Delegation trades-off the cost of having a possibly incompetent...
Persistent link: https://www.econbiz.de/10005263663
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Did Botswana Escape From the Resource Curse?
Iimi, Atsushi - International Monetary Fund (IMF) - 2006
resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of …
Persistent link: https://www.econbiz.de/10005263757