Local Governments Fiscal Balance Privatization And Banking Sector Reform In Transition Countries
Download Local Governments Fiscal Balance Privatization And Banking Sector Reform In Transition Countries full books in PDF, epub, and Kindle. Read online free Local Governments Fiscal Balance Privatization And Banking Sector Reform In Transition Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Ernesto Crivelli |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2012-06-01 |
Genre | : Business & Economics |
ISBN | : 147553986X |
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 aggravate fiscal imbalances, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal autonomy along with reforms to the banking system - restraining access to soft financing - may prove effective at improving fiscal balances among local governments.
Author | : Ernesto Crivelli |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2012-06-01 |
Genre | : Business & Economics |
ISBN | : 147550411X |
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 aggravate fiscal imbalances, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal autonomy along with reforms to the banking system - restraining access to soft financing - may prove effective at improving fiscal balances among local governments.
Author | : Ioannis Nicolaos Kessides |
Publisher | : World Bank Publications |
Total Pages | : 328 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : |
Electricity, natural gas, telecommunications, railways, and water supply, are often vertically and horizontally integrated state monopolies. This results in weak services, especially in developing and transition economies, and for poor people. Common problems include low productivity, high costs, bad quality, insufficient revenue, and investment shortfalls. Many countries over the past two decades have restructured, privatized and regulated their infrastructure. This report identifies the challenges involved in this massive policy redirection. It also assesses the outcomes of these changes, as well as their distributional consequences for poor households and other disadvantaged groups. It recommends directions for future reforms and research to improve infrastructure performance, identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people's access to these crucial services.
Author | : Alexander Fleming |
Publisher | : World Bank Publications |
Total Pages | : 302 |
Release | : 2001-01-01 |
Genre | : Business & Economics |
ISBN | : 9780821348147 |
This book contains 21 papers focusing on a wide range of issues concerning financial sector transition in the countries of Europe and Central Asia (ECA). It places the transition economies in the context of recent and prospective developments in global financial markets. This book also evaluates the experience of the last 10 years and reviews the progress from a command financial system to a market-based one, identifying some of the key characteristics of the financial transition.
Author | : Mr.J. D. Craig |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 1998-02-03 |
Genre | : Business & Economics |
ISBN | : 155775697X |
Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fiscal rectitude. Notably, the Interim Committee, at its April and September 1996 meetings, stressed the need for greater fiscal transparency. Prompted by these concerns, this paper represents a first attempt to address many of the aspects of transparency in government operations. It provides an overview of major issues in fiscal transparency and examines the IMF's role in promoting transparency in government operations.
Author | : Carl-Johan Lindgren |
Publisher | : |
Total Pages | : 103 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9781557758712 |
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Author | : Roy W. Bahl |
Publisher | : Lincoln Inst of Land Policy |
Total Pages | : 430 |
Release | : 2013 |
Genre | : Political Science |
ISBN | : 9781558442542 |
The economic activity that drives growth in developing countries is heavily concentrated in cities. Catchphrases such as “metropolitan areas are the engines that pull the national economy” turn out to be fairly accurate. But the same advantages of metropolitan areas that draw investment also draw migrants who need jobs and housing, lead to demands for better infrastructure and social services, and result in increased congestion, environmental harm, and social problems. The challenges for metropolitan public finance are to capture a share of the economic growth to adequately finance new and growing expenditures and to organize governance so that services can be delivered in a cost-effective way, giving the local population a voice in fiscal decision making. At the same time, care must be taken to avoid overregulation and overtaxation, which will hamper the now quite mobile economic engine of private investment and entrepreneurial initiative. Metropolitan planning has become a reality in most large urban areas, even though the planning agencies are often ineffective in moving things forward and in linking their plans with the fiscal and financial realities of metropolitan government. A growing number of success stories in metropolitan finance and management, together with accumulated experience and proper efforts and support, could be extended to a broader array of forward-looking programs to address the growing public service needs of metropolitan-area populations. Nevertheless, sweeping metropolitan-area fiscal reforms have been few and far between; the urban policy reform agenda is still a long one; and there is a reasonable prospect that closing the gaps between what we know how to do and what is actually being done will continue to be difficult and slow. This book identifies the most important issues in metropolitan governance and finance in developing countries, describes the practice, explores the gap between practice and what theory suggests should be done, and lays out the reform paths that might be considered. Part of the solution will rest in rethinking expenditure assignments and instruments of finance. The “right” approach also will depend on the flexibility of political leaders to relinquish some control in order to find a better solution to the metropolitan finance problem.
Author | : |
Publisher | : |
Total Pages | : 300 |
Release | : 2003 |
Genre | : Computer network resources |
ISBN | : |
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 370 |
Release | : 1995 |
Genre | : Business & Economics |
ISBN | : 9780195211061 |
Refer review of this policy book in 'Journal of International Development, vol. 10, 7, 1998. pp.841-855.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 90 |
Release | : 1994-01-01 |
Genre | : Business & Economics |
ISBN | : 9780821328040 |
Policy dialogue on governance.