Fiscal Responsibility Laws for Subnational Discipline: The Latin American Experience

This paper discusses fiscal responsibility laws in Latin America, with special attention to their provisions for fiscal discipline by subnational governments. It discusses why and when such laws might be useful-to help resolve the coordination prob...

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Bibliographic Details
Main Author:	Webb, Steven B.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACCOUNTABILITY AUTHORITY AUTHORIZATION AUTONOMY BANK REGULATION BANKING SECTOR BORROWING COSTS CAPITAL REQUIREMENTS CAPITALIZATION CENTRAL BANKS CENTRAL GOVERNMENT CENTRALIZATION CONGRESSIONAL OVERSIGHT CONSENSUS CONSOLIDATION CONSTITUTION CONSTITUTIONS CREDIT RATINGS CREDITWORTHINESS DEBT DEBT MANAGEMENT DEBT RELIEF DEBT SERVICE DECENTRALIZATION DECONCENTRATION DECREES DEMOCRACY DEVOLUTION DISTRICTS DOMESTIC BORROWING EXECUTION EXPENDITURE FEDERAL GOVERNMENT FEDERALISM FEDERATIONS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SYSTEM FISCAL FISCAL BALANCE FISCAL CONTROL FISCAL CRISIS FISCAL DEFICIT FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL PROBLEMS FISCAL RESOURCES FISCAL RESPONSIBILITY FISCAL SUSTAINABILITY GOVERNMENT BORROWING INFLATION INSTITUTIONAL ARRANGEMENTS INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFERS LAWS LEGISLATION LEGISLATORS LEGISLATURE LEGISLATURES LEGITIMACY LEVELS OF GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC STABILITY MANDATES MARKET DISCIPLINE MINISTRY OF FINANCE MORAL HAZARD MUNICIPALITIES MUNICIPALITY NATIONAL GOVERNMENTS NATIONAL LEVEL PENALTIES PENSIONS POLITICAL DECENTRALIZATION POLITICAL INSTITUTIONS POLITICIANS POPULISM PRESIDENTS PRIVATIZATION PRIVATIZATION OF STATE PROVISIONING PROVISIONS PUBLIC FINANCES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SPENDING RATING AGENCIES REVENUE SHARING REVENUE TRANSFERS SALES TAXES SAVINGS SENATE STATE ENTERPRISES STATE GOVERNMENT STATE OWNED BANKS SUBNATIONAL DEFICITS SUBNATIONAL FINANCES SUBNATIONAL GOVERNMENT SUBNATIONAL GOVERNMENTS TAX TRANSPARENCY VETO FISCAL SYSTEMS CREDIT MARKET DEBT MARKETS LEGISLATION ENVIRONMENT POLITICAL SYSTEMS BUDGET PROCESS
Online Access:	http://hdl.handle.net/10986/14034

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http://hdl.handle.net/10986/14034

Fiscal Responsibility Laws for Subnational Discipline: The Latin American Experience

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