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

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

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

Volume/Issue: 2005/54

Series: IMF Working Papers

Author(s): Alexander Plekhanov , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

ISBN: 9781451860733

Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,

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 borrow...

Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries

Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries »

Source: Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries

Volume/Issue: 2018/271

Series: IMF Working Papers

Author(s): Robin Boadway , and Luc Eyraud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2018

ISBN: 9781484387788

Keywords: fiscal federalism, vertical gap, vertical imbalance, fiscal balance, Structure and Scope of Government, General State and Local Taxation, Subsidies, and Revenue State and Local Budget and Expenditures State and Local Borrowing Intergovernmental Relations All Countries fiscal federalism vertical gap vertical imbalance fiscal balance, General State and Local Taxation, and Revenue State and Local Budget and Expenditures State and Local Borrowing Intergovernmental Relations All Countries fiscal federalism vertical gap vertical imbalance fiscal balance

This paper discusses how decentralized countries can achieve sound fiscal relations between the central government and lower government levels. The concepts of 'vertical gap' and 'vertical balance' provide an analy...

Decentralizing Spending More Than Revenue

Decentralizing Spending More Than Revenue »

Source: Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance?

Volume/Issue: 2011/226

Series: IMF Working Papers

Author(s): Luc Eyraud , and Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

ISBN: 9781463904944

Keywords: fiscal federalism, vertical gap, local governments, decentralization, fiscal performance, sub-national governments, vertical fiscal imbalance, fiscal imbalance, Structure, Scope

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to fina...

Narrowing Vertical Fiscal Imbalances in Four European Countries

Narrowing Vertical Fiscal Imbalances in Four European Countries »

Source: Narrowing Vertical Fiscal Imbalances in Four European Countries

Volume/Issue: 2012/91

Series: IMF Working Papers

Author(s): Izabela Karpowicz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502664

Keywords: Federalism, decentralization, vertical fiscal imbalance, local governments, fiscal decentralization, sub-national governments, fiscal balances, Structure, Scope, and Performance of Government

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 Euro...

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova »

Source: Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Volume/Issue: 2014/233

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2014

ISBN: 9781498313414

Keywords: Vertical fiscal imbalance, subnational governments, revenues, decentralization, subnational, central government, Structure and Scope of Government, Deficit, General, State and Local Taxation

Using a novel municipality-level panel dataset, this paper investigates the empirical characteristics of vertical fiscal imbalances (VFIs) in Moldova over the period 2005-13. The results show that the extent of var...

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

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

Volume/Issue: 2005/54

Series: IMF Working Papers

Author(s): Alexander Plekhanov , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2005

DOI: http://dx.doi.org/10.5089/9781451860733.001

ISBN: 9781451860733

Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,

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 borrow...

Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries

Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries »

Volume/Issue: 2018/271

Series: IMF Working Papers

Author(s): Robin Boadway , and Luc Eyraud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2018

DOI: http://dx.doi.org/10.5089/9781484387788.001

ISBN: 9781484387788

Keywords: fiscal federalism, vertical gap, vertical imbalance, fiscal balance, Structure and Scope of Government, General State and Local Taxation, Subsidies, and Revenue State and Local Budget and Expenditures State and Local Borrowing Intergovernmental Relations All Countries fiscal federalism vertical gap vertical imbalance fiscal balance, General State and Local Taxation, and Revenue State and Local Budget and Expenditures State and Local Borrowing Intergovernmental Relations All Countries fiscal federalism vertical gap vertical imbalance fiscal balance

This paper discusses how decentralized countries can achieve sound fiscal relations between the central government and lower government levels. The concepts of 'vertical gap' and 'vertical balance' provide an analy...

Decentralizing Spending More Than Revenue
			: Does it Hurt Fiscal Performance?

Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance? »

Volume/Issue: 2011/226

Series: IMF Working Papers

Author(s): Luc Eyraud , and Lusine Lusinyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

DOI: http://dx.doi.org/10.5089/9781463904944.001

ISBN: 9781463904944

Keywords: fiscal federalism, vertical gap, local governments, decentralization, fiscal performance, sub-national governments, vertical fiscal imbalance, fiscal imbalance, Structure, Scope

In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to fina...

Narrowing Vertical Fiscal Imbalances in Four European Countries

Narrowing Vertical Fiscal Imbalances in Four European Countries »

Volume/Issue: 2012/91

Series: IMF Working Papers

Author(s): Izabela Karpowicz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

DOI: http://dx.doi.org/10.5089/9781475502664.001

ISBN: 9781475502664

Keywords: Federalism, decentralization, vertical fiscal imbalance, local governments, fiscal decentralization, sub-national governments, fiscal balances, Structure, Scope, and Performance of Government

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 Euro...

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova

Fragmentation and Vertical Fiscal Imbalances Lessons from Moldova »

Volume/Issue: 2014/233

Series: IMF Working Papers

Author(s): Serhan Cevik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2014

DOI: http://dx.doi.org/10.5089/9781498313414.001

ISBN: 9781498313414

Keywords: Vertical fiscal imbalance, subnational governments, revenues, decentralization, subnational, central government, Structure and Scope of Government, Deficit, General, State and Local Taxation

Using a novel municipality-level panel dataset, this paper investigates the empirical characteristics of vertical fiscal imbalances (VFIs) in Moldova over the period 2005-13. The results show that the extent of var...