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Too Small to Fail? Subnational Spending Pressures in Europe
Eyraud, Luc; Badia, Marialuz Moreno - International Monetary Fund (IMF) - 2013
The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal … following questions: (1) does the form of spending decentralization affect the general government fiscal balance?; (2) is there … results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation …
Persistent link: https://www.econbiz.de/10010790279
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Local Government Financing Platforms in China: A Fortune or Misfortune?
Lu, Yinqiu; Sun, Tao - International Monetary Fund (IMF) - 2013
China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posing to the financial sector, local governments, and sovereign balance...
Persistent link: https://www.econbiz.de/10011142145
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Uganda; Managing More Effective Decentralization
Brosio, Giorgio; Ahmad, Ehtisham; Gonzalez, Maria - International Monetary Fund (IMF) - 2006
ambitious decentralization program implemented by the authorities since the late 1990s has had mixed results in terms of …
Persistent link: https://www.econbiz.de/10005769090
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Political Economy of Oil-Revenue Sharing in a Developing Country; Illustrations From Nigeria
Ahmad, Ehtisham; Singh, Raju Jan - International Monetary Fund (IMF) - 2003
Control over natural resource revenues is a contentious, politically divisive issue in most developing countries-especially for oil production. A typical policy response of the center in such cases has been to introduce revenue sharing arrangements. Such measures have generally not assuaged the...
Persistent link: https://www.econbiz.de/10005599464
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The Role of Affordable Mortgages in Improving Living Standards and Stimulating Growth; A Survey of Selected Mena Countries
Nothaft, Frank E.; Erbas, S. Nuri - International Monetary Fund (IMF) - 2002
This paper argues that making affordable home mortgage loans available to a large cross section of the population will serve both the redistributive and growth-enhancing objectives of poverty reduction policies. The current state of housing and mortgage markets in selected Middle East and North...
Persistent link: https://www.econbiz.de/10005825998
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On the Design and Effectiveness of Targeted Expenditure Programs
Ahmad, Ehtisham; Martinez, Leonardo - International Monetary Fund (IMF) - 2004
This paper argues that both horizontal and intertemporal competition among recipient governments are needed in order to ensure incentives for effective utilization of targeted transfers. This has implications for budgeting frameworks and the types of information needed that might be amenable to...
Persistent link: https://www.econbiz.de/10005248215
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Recent Improvements to the Government Finance Statistics Yearbook Database in Response to Analytical Needs
Seiferling, Mike - International Monetary Fund (IMF) - 2013
The demand for high quality detailed public finance statistics covering a globally representative sample of countries has increased dramatically during the recent financial crisis. Due to the complexity of public finance statistics, however, such data tend to be either available in...
Persistent link: https://www.econbiz.de/10011142010
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Another Look at Governments’ Balance Sheets; The Role of Nonfinancial Assets
Bova, Elva; Dippelsman, Robert; Rideout, Kara C; … - International Monetary Fund (IMF) - 2013
When discussing debt reduction strategies, little attention has been given to the role of governments’ nonfinancial assets. This is in part because data are scarce. Drawing on various data sources, this paper looks at the size, composition, and management of state-owned nonfinancial assets...
Persistent link: https://www.econbiz.de/10011242186
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Fiscal Decentralization and the Efficiency of Public Service Delivery
Sow, Moussé; Razafimahefa, Ivohasina Fizara - International Monetary Fund (IMF) - 2015
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a … stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on … those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public …
Persistent link: https://www.econbiz.de/10011242349
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Narrowing Vertical Fiscal Imbalances in Four European Countries
Karpowicz, Izabela - International Monetary Fund (IMF) - 2012
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...
Persistent link: https://www.econbiz.de/10010790291