Series: IMF Working Papers
Author(s): Alexander Plekhanov , and Raju Singh
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2005
Keywords: Fiscal federalism, local government, budget deficit, fiscal discipline, subnational governments, fiscal imbalances, vertical fiscal imbalances, fiscal balances, fiscal balance, State and Local Borrowing,
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 borrow...