Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries »
Series: IMF Working Papers
Author(s): Ernesto Crivelli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2012
Keywords: Soft budget constraints, Transition, fiscal autonomy, budget constraints, fiscal discipline, State and Local Borrowing,
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...