As Government contractors expand their business overseas, they expose themselves to the risk of violating the Foreign Corrupt Practices Act (FCPA) and the high sanctions that accompany those violations. Given the nature of a Government contractor's business, they are naturally at greater risk of...

The study has reviewed the experience of foreign countries in the sphere of implementation of respective measures designed to prevent the emergence of soft budget constraints imposed on subnational authorities in a situation of fiscal decentralization. Also, a number of theoretic simulation...

This article examines the theory behind the design of fiscal transfers; it identifies acyclicality of transfers as a drawback and proposes counter cyclical design as an optimal fiscal framework to mitigate cyclical economic fluctuations. It further advocates counter-cyclical transfers for...

The article reviews Russia's financial system for a period from 2000 through 2010 as regards issues of the finance theory, financial relations practices and academic community. It is noted that some aspects of financial relations, such as financial ethics, illegal financial relationships and...

In response to the current fiscal crisis, the Government of Romania has amended the law governing local government finance. The amendments are largely aimed at restraining local government staffing and curtailing arrears. They require somewhat onerous administrative measures. This report argues...

The capability of a country's public sector to provide high-quality goods and services in a cost-effective way is crucial to fostering long-term growth. In this paper we study the determinants of public service efficiency (PSE) and in particular the role of citizens' political values. Indeed, we...

India has traditionally been perceived, both domestically and globally, as an important aid receiver. But it has also had a foreign aid programme of its own which can be traced to the 1950s and 1960s. India's aid programme was small, focused on building local capacities and viewed as benign. In...

To benefit from the newly established EU Recovery and Resilience Facility (RRF), the Visegrád countries - Czechia, Slovakia, Hungary, and Poland - have submitted their national recovery plans. The Czech and Slovak plans have already been approved by the EU, paving the way for the up-front...

We combine administrative records from the federal health insurance exchange with aggregate- and individual-level voting data to examine how health care reform affected the 2016 election. Overall, we find that personal experiences with the Affordable Care Act influenced voting decisions and...