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How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence, Alexander Plekhanov, Raju Singh

Contributor
Abstract
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no single institutional arrangement is superior under all circumstances. The appropriateness of specific arrangements depends upon other institutional characteristics, particularly the degree of vertical fiscal imbalance, the existence of any bailout precedent, and the quality of fiscal reporting
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. INSTITUTIONAL FRAMEWORK""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSION AND RECOMMENDATIONS""; ""REFERENCES""; ""DATA SOURCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (34 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451983333

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