LEADER 06112oam 22014894 450 001 9910809528803321 005 20200520144314.0 010 $a1-4755-5102-9 010 $a1-4755-3986-X 035 $a(CKB)2550000000107549 035 $a(EBL)1606777 035 $a(SSID)ssj0000942146 035 $a(PQKBManifestationID)11601444 035 $a(PQKBTitleCode)TC0000942146 035 $a(PQKBWorkID)10972024 035 $a(PQKB)10088784 035 $a(MiAaPQ)EBC1606777 035 $a(Au-PeEL)EBL1606777 035 $a(CaPaEBR)ebr10579635 035 $a(OCoLC)794991592 035 $a(IMF)WPIEE2012146 035 $a(IMF)WPIEA2012146 035 $a(EXLCZ)992550000000107549 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aLocal Governments? Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries /$fErnesto Crivelli 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (29 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 $a1-4755-1559-6 311 $a1-4755-0411-X 320 $aIncludes bibliographical references. 327 $aCover; Contents; I. Introduction; II. Decentralization, Fiscal Balances, and Privatization: Background; III. Empirical Specification and Data; A. Empirical Specification; B. Estimation; C. Data; IV. Results; Tables; 1. Main Results; V. Further Analysis; 2. Robustness Results; VI. Discussion and Conclusions; Appendices; A. Data; A.1. Descriptive Statistics; B. Robustness to Instrument Choice; B.1. Robustness to instrument choice: Main results; B.2. Robustness to Instrument Choice: Further Results; References 330 3 $aSeveral transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote fiscal discipline. This paper uses a panel of 20 transition countries over 19 years to address a central question of fact: Did privatization help to promote local governments? fiscal discipline? The answer is clearly ?no? for privatization considered in isolation. However, privatization and subnational fiscal autonomy along with reforms to the banking system - restraining access to soft financing - may prove effective at improving fiscal balances among local governments. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/146 606 $aDecentralization in government 606 $aPrivatization 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aBudget planning and preparation$2imf 606 $aBudget Systems$2imf 606 $aBudget$2imf 606 $aBudgeting & financial management$2imf 606 $aBudgeting$2imf 606 $aCommercial banks$2imf 606 $aComparison of Public and Private Enterprises and Nonprofit Institutions$2imf 606 $aContracting Out$2imf 606 $aDebt Management$2imf 606 $aDebt$2imf 606 $aDepository Institutions$2imf 606 $aEconomic sectors$2imf 606 $aFederalism$2imf 606 $aFinance, Public$2imf 606 $aFinancial institutions$2imf 606 $aGovernment asset and liability management$2imf 606 $aGovernment business enterprises$2imf 606 $aIntergovernmental Relations$2imf 606 $aMacroeconomics$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aNational Budget$2imf 606 $aNationalization$2imf 606 $aNonprofit Organizations and Public Enterprise: General$2imf 606 $aPrivatization$2imf 606 $aPublic enterprises$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 606 $aPublic financial management (PFM)$2imf 606 $aPublic ownership$2imf 606 $aSecession$2imf 606 $aSovereign Debt$2imf 606 $aState and Local Borrowing$2imf 607 $aRussian Federation$2imf 615 0$aDecentralization in government. 615 0$aPrivatization. 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aBudget planning and preparation 615 7$aBudget Systems 615 7$aBudget 615 7$aBudgeting & financial management 615 7$aBudgeting 615 7$aCommercial banks 615 7$aComparison of Public and Private Enterprises and Nonprofit Institutions 615 7$aContracting Out 615 7$aDebt Management 615 7$aDebt 615 7$aDepository Institutions 615 7$aEconomic sectors 615 7$aFederalism 615 7$aFinance, Public 615 7$aFinancial institutions 615 7$aGovernment asset and liability management 615 7$aGovernment business enterprises 615 7$aIntergovernmental Relations 615 7$aMacroeconomics 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aNational Budget 615 7$aNationalization 615 7$aNonprofit Organizations and Public Enterprise: General 615 7$aPrivatization 615 7$aPublic enterprises 615 7$aPublic finance & taxation 615 7$aPublic Finance 615 7$aPublic financial management (PFM) 615 7$aPublic ownership 615 7$aSecession 615 7$aSovereign Debt 615 7$aState and Local Borrowing 676 $a332.1/52 700 $aCrivelli$b Ernesto$01606357 801 0$bDcWaIMF 906 $aBOOK 912 $a9910809528803321 996 $aLocal Governments? Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries$93932127 997 $aUNINA