Decentralization and bailouts in Colombia
Descentralization has meny benefits, but it can also weaken fiscal discipline, specifically, expectations on the possibility of a bailout by central government create incentives for fiscal misbehavior, fiscal discipline does not pay because it carries a smaller expected bailout. In Colombia the subs...
Autores Principales: | , , |
---|---|
Publicado: |
2015
|
Materias: | |
Acceso en línea: | http://hdl.handle.net/11445/827 |