Preventing Fiscal Crises Under Decentralization
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Preventing Fiscal Crises Under Decentralization
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Author : Ryota Nakatani
language : en
Publisher: International Monetary Fund
Release Date : 2025-05-09
Preventing Fiscal Crises Under Decentralization written by Ryota Nakatani and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-09 with categories.
What instruments can governments deploy to prevent fiscal crises in decentralized fiscal systems? This analysis reveals that good public sector institutions, controls by the central government over local fiscal balances and borrowing, and intergovernmental transfers could be effective instruments for reducing the probability of a crisis. Strengthening good institutions mitigates the unwanted effects of devolution on fiscal unsustainability by inhibiting allocative inefficiencies caused by the moral hazard of governments. Expenditure decentralization to local governments increases the probability of a crisis only when local governments run large budget deficits, indicating that controls by the center over the local budget balance or borrowing ability may help to avoid overspending and the resulting excessive indebtedness. Subnational fiscal rules and administrative constraints also reduce the probability of a crisis. Intergovernmental transfers are associated with a lower probability of a fiscal crisis because they can play a role in interregional risk sharing among subnational governments.
Fiscal Decentralization In Developing And Transition Economies
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Author : Anwar Shah
language : en
Publisher: World Bank Publications
Release Date : 2004
Fiscal Decentralization In Developing And Transition Economies written by Anwar Shah and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Decentralization in government categories.
Fiscal Decentralization And Local Finance In Developing Countries
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Author : Roy Bahl
language : en
Publisher: Edward Elgar Publishing
Release Date : 2018-03-30
Fiscal Decentralization And Local Finance In Developing Countries written by Roy Bahl and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-30 with Business & Economics categories.
This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.
The Crisis Of Distribution And The Regulation Of Economic Law
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Author : Shouwen Zhang
language : en
Publisher: Routledge
Release Date : 2022-05-29
The Crisis Of Distribution And The Regulation Of Economic Law written by Shouwen Zhang and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-29 with Law categories.
The crisis of distribution is one of the longest standing and complicated issues facing human society. Imbued with social, political, historic, and cultural elements, it varies significantly across different countries as a result of all these factors. As an emerging economy which transferred from a planned to a market economy, China has experienced large distribution gaps since it implemented the Reform and Opening-up Policy in the early 1980s, requiring stronger economic law to mitigate and regulate the crisis of distribution. The two volumes examine the crisis of distribution that China faces and proposes policy and economic law methods that can be used to overcome the distribution dilemma. The author discusses the four main concepts and focus points of the crisis of distribution – distribution itself, the crises it faces, the rule of law and development before proposing a theoretical framework of "system–distribution–development" to resolve distribution problems that China faces. The set should be of keen interest to researchers and students of law, economics, and political science.
The Euro Area Crisis In Constitutional Perspective
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Author : Alicia Hinarejos
language : en
Publisher: OUP Oxford
Release Date : 2015-05-14
The Euro Area Crisis In Constitutional Perspective written by Alicia Hinarejos and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-14 with Law categories.
The euro area sovereign debt crisis has been the greatest threat to the euro since its inception, but the consequences of the crisis go well beyond the realm of macroeconomics: the crisis has cast doubt on the viability of a mechanism of integration such as the one envisaged in Economic and Monetary Union (EMU), and on the future of the European Union as a political project in the face of citizens' growing disaffection. The various responses to the crisis have not only altered the principles underlying EMU; they have also had a profound impact on the constitutional orders of the EU and its Member States. This book focuses on the euro area crisis and its aftermath from a constitutional perspective. It provides a critical analysis of the workings and evolution of Economic and Monetary Union, the changes brought by the crisis and their broader effects, and the constitutional obstacles to integration in this area. Looking forward, it tackles the uncertain future of economic and fiscal integration and the challenges posed. This is a compelling and incisive account of some of the most significant developments and dilemmas facing the European Union since its creation.
Fiscal Decentralization And The Challenge Of Hard Budget Constraints
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Author : Jonathan Rodden
language : en
Publisher: MIT Press
Release Date : 2003
Fiscal Decentralization And The Challenge Of Hard Budget Constraints written by Jonathan Rodden and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.
Fiscal Decentralization In Developing Countries
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Author : Richard M. Bird
language : en
Publisher: Cambridge University Press
Release Date : 2008-12-04
Fiscal Decentralization In Developing Countries written by Richard M. Bird and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-04 with Business & Economics categories.
Fiscal Decentralisation in Developing Countries features important, original and up-to-date research from leading scholars assessing fiscal decentralization in developing countries. It has rich and varied case-study material from countries as diverse as India, China, Colombia, Bosnia-Herzogovina and South Africa.
The Political Economy Of Democratic Decentralization
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Author : James Manor
language : en
Publisher: World Bank Publications
Release Date : 1999
The Political Economy Of Democratic Decentralization written by James Manor and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
Nearly all countries worldwide are now experimenting with decentralization. Their motivation are diverse. Many countries are decentralizing because they believe this can help stimulate economic growth or reduce rural poverty, goals central government interventions have failed to achieve. Some countries see it as a way to strengthen civil society and deepen democracy. Some perceive it as a way to off-load expensive responsibilities onto lower level governments. Thus, decentralization is seen as a solution to many different kinds of problems. This report examines the origins and implications decentralization from a political economy perspective, with a focus on its promise and limitations. It explores why countries have often chosen not to decentralize, even when evidence suggests that doing so would be in the interests of the government. It seeks to explain why since the early 1980s many countries have undertaken some form of decentralization. This report also evaluates the evidence to understand where decentralization has considerable promise and where it does not. It identifies conditions needed for decentralization to succeed. It identifies the ways in which decentralization can promote rural development. And it names the goals which decentralization will probably not help achieve.
Dangers Of Decentralization
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Author : Remy Prud'homme
language : en
Publisher: World Bank Publications
Release Date : 1994
Dangers Of Decentralization written by Remy Prud'homme and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Central-local government relations categories.
Demand for decentralization is strong in most parts of the world. This close look at the negative side effects of improperly appled decentralization is not an attack on decentralization but an effort to prevent its misapplication -- and to promote fuller understanding and wiser use of this potentially desirable policy.
Decentralization In Asia And Latin America
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Author : Paul J. Smoke
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-11-28
Decentralization In Asia And Latin America written by Paul J. Smoke and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-11-28 with Political Science categories.
Public sector decentralization has emerged prominently in many Asian and Latin American countries as a strategy to promote development and political reform. Results in both cases have been mixed. Despite broad similarities in intent and outcome, contextual differences between the regions have led to striking differences in the way decentralization has been structured and implemented. This volume takes an atypically historical and interdisciplinary perspective on decentralization, highlighting how fiscal and political forces together have been shaping its evolution in the two regions.