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The Challenge of Fiscal Adjustment in a Democracy

The Challenge of Fiscal Adjustment in a Democracy »

Source: The Challenge of Fiscal Adjustment in a Democracy : The Case of India

Volume/Issue: 2004/168

Series: IMF Working Papers

Author(s): Ricardo Hausmann , and Catriona Purfield

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

ISBN: 9781451858297

Keywords: Fiscal responsibility legislation, federal relations, budget management, fiscal responsibility, fiscal imbalances, decentralization, Structure, Scope, and Performance of Government, State and Local Borrowing,

India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic ca...

Competition in the Financial Sector

Competition in the Financial Sector »

Source: Competition in the Financial Sector : Overview of Competition Policies

Volume/Issue: 2009/45

Series: IMF Working Papers

Author(s): Stijn Claessens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

ISBN: 9781451871937

Keywords: competition policy, contestability, stability, degree of competition, General Financial Markets: General (includes Measurement and Data), General Financial Markets: Government Policy and Regulation, Financial Institutions and Services: Government Policy and Regulation, Market Structure, Firm Strategy, And Market Performance

As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance....

The Challenge of Fiscal Adjustment in a Democracy
			: The Case of India

The Challenge of Fiscal Adjustment in a Democracy : The Case of India »

Volume/Issue: 2004/168

Series: IMF Working Papers

Author(s): Ricardo Hausmann , and Catriona Purfield

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2004

DOI: http://dx.doi.org/10.5089/9781451858297.001

ISBN: 9781451858297

Keywords: Fiscal responsibility legislation, federal relations, budget management, fiscal responsibility, fiscal imbalances, decentralization, Structure, Scope, and Performance of Government, State and Local Borrowing,

India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic ca...

Competition in the Financial Sector
			: Overview of Competition Policies

Competition in the Financial Sector : Overview of Competition Policies »

Volume/Issue: 2009/45

Series: IMF Working Papers

Author(s): Stijn Claessens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2009

DOI: http://dx.doi.org/10.5089/9781451871937.001

ISBN: 9781451871937

Keywords: competition policy, contestability, stability, degree of competition, General Financial Markets: General (includes Measurement and Data), General Financial Markets: Government Policy and Regulation, Financial Institutions and Services: Government Policy and Regulation, Market Structure, Firm Strategy, And Market Performance

As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests, however, that unfettered competition is not first best given the special features of finance....