| dc.contributor.author | Echavarría, Juan J. | |
| dc.contributor.author | Rentería, Carolina | |
| dc.contributor.author | Steiner, Roberto | |
| dc.date.accessioned | 2015-12-18T23:52:28Z | |
| dc.date.accessioned | 2016-01-21T02:26:13Z | |
| dc.date.accessioned | 2017-04-17T20:27:41Z | |
| dc.date.accessioned | 2017-06-17T16:58:13Z | |
| dc.date.available | 2015-12-18T23:52:28Z | |
| dc.date.available | 2016-01-21T02:26:13Z | |
| dc.date.available | 2017-04-17T20:27:41Z | |
| dc.date.available | 2017-06-17T16:58:13Z | |
| dc.date.issued | 2000-05 | |
| dc.identifier.uri | http://hdl.handle.net/11445/827 | |
| dc.description | 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 substantial transfer form the central government to the sub-regions created structural expenditure pressures and irresponsible behavior in terms of debt (mainly ñoans from banks), brought the departments into default and forced the central government to bail them out. | |
| dc.description.abstract | 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 substantial transfer form the central government to the sub-regions created structural expenditure pressures and irresponsible behavior in terms of debt (mainly ñoans from banks), brought the departments into default and forced the central government to bail them out. | |
| dc.relation.ispartofseries | Documentos de Trabajo (Working Papers). No. 12. Mayo 2000 | |
| dc.subject | Descentralización | |
| dc.subject | Desempeño Fiscal | |
| dc.subject | Rescate Financiero | |
| dc.title | Decentralization and bailouts in Colombia | |
| dc.description.jel | H70 | |
| dc.description.jel | H72 | |
| dc.description.jel | H77 | |
