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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...

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...

Too Small to Fail? Subnational Spending Pressures in Europe

Too Small to Fail? Subnational Spending Pressures in Europe »

Volume/Issue: 2013/46

Series: IMF Working Papers

Author(s): Luc Eyraud , and Marialuz Moreno Badia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

DOI: http://dx.doi.org/10.5089/9781475578157.001

ISBN: 9781475578157

Keywords: fiscal federalism, local governments, EU, decentralization, subnational governments, expenditure decentralization, fiscal decentralization, Structure and Scope of Government, Deficit, General

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three eco...

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...

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...

Too Small to Fail? Subnational Spending Pressures in Europe

Too Small to Fail? Subnational Spending Pressures in Europe »

Source: Too Small to Fail? Subnational Spending Pressures in Europe

Volume/Issue: 2013/46

Series: IMF Working Papers

Author(s): Luc Eyraud , and Marialuz Moreno Badia

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2013

ISBN: 9781475578157

Keywords: fiscal federalism, local governments, EU, decentralization, subnational governments, expenditure decentralization, fiscal decentralization, Structure and Scope of Government, Deficit, General

The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal performance in Europe. Using a panel of EU15 countries for the period 1995-2011, we estimate three eco...