Decentralizing Borrowing Powers

Decentralizing Borrowing Powers

The note highlights the importance of sound intergovernmental fiscal relations, and proper regulation for successful sub-national borrowing, and illustrates the potential macroeconomic hazards of decentralizing borrowing powers, arguing that the im...

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Bibliographic Details
Main Author: Ahmad, Junaid
Format: Brief
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTABILITY
ACCOUNTING
BALANCED BUDGET REQUIREMENTS
BANK LENDING
BANKING SYSTEM
BANKRUPTCY
BANKRUPTCY LAWS
BANKRUPTCY PROCEDURES
BORROWING
CAPITAL MARKETS
CENTRAL GOVERNMENT
CREDIT RISK
DEBT
DEFICITS
DEVOLUTION
DISCLOSURE
ECONOMIC STABILITY
ECONOMICS
FINANCIAL CONTROL
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SECTORS
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FISCAL
FISCAL DECENTRALIZATION
FISCAL DISCIPLINE
FISCAL LEGISLATION
FISCAL YEAR
FOREIGN BORROWING
FOREIGN MARKETS
INSURANCE
INTEREST RATES
INTERGOVERNMENTAL FINANCE
INTERGOVERNMENTAL FISCAL SYSTEM
LEGISLATION
LOCAL AUTHORITIES
MARKET DISCIPLINE
MATURITIES
MORAL HAZARD
MUNICIPALITIES
PENALTIES
POLITICAL DECENTRALIZATION
PRESIDENCY
PRICE STABILITY
PRIVATE BANKING
PRIVATE BANKS
PRIVATE SECTOR
PRIVATIZATION
PROVINCIAL GOVERNMENTS
PUBLIC FINANCE
PUBLIC FINANCING
PUBLIC INFORMATION
PUBLIC INFRASTRUCTURE
PUBLIC OWNERSHIP
PUBLIC SECTOR
PUBLIC SYSTEM
RATING AGENCIES
REGULATORY FRAMEWORK
SUBNATIONAL GOVERNMENT
SUBNATIONAL GOVERNMENTS
TAX
TAXATION
TERM FINANCE
TRANSPARENCY BORROWING POLICY
DECENTRALIZATION
SUBNATIONAL FINANCES
MACROECONOMICS
FINANCIAL DEVELOPMENT
FISCAL EFFICIENCY
MACROECONOMIC STABILITY
CAPITAL BUDGETS
POLITICAL ACCOUNTABILITY
INFORMATION SYSTEMS
LEGISLATIVE FRAMEWORK
BUDGET MANAGEMENT
Online Access:http://documents.worldbank.org/curated/en/1999/01/692850/decentralizing-borrowing-powers
http://hdl.handle.net/10986/11501

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