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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

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

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

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

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

Local Government Financing Platforms in China: A Fortune or Misfortune?

Lu, Yinqiu; Sun, Tao - International Monetary Fund (IMF) - 2013

Chinaâ€™s rapid credit expansion in 2009â€“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

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 …

Persistent link: https://www.econbiz.de/10009618582

Local Service Provision in Selected Oecd Countries; Do Decentralized Operations Work Better?

Ahmad, Ehtisham; Brosio, Giorgio; Tanzi, Vito - International Monetary Fund (IMF) - 2008

There is a widespread presumption that decentralization improves public service provision. This has led to policy …

Persistent link: https://www.econbiz.de/10005248262

How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence

Plekhanov, Alexander; Singh, Raju Jan - International Monetary Fund (IMF) - 2005

Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...

Persistent link: https://www.econbiz.de/10005264111

Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Eyraud, Luc; Tuladhar, Anita; Escolano, Julio; Badia, … - International Monetary Fund (IMF) - 2012

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into … account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better …

Persistent link: https://www.econbiz.de/10009654158