Tipo de ítem | Ubicación actual | Colección | Signatura | Estado | Notas | Fecha de vencimiento | Código de barras |
---|---|---|---|---|---|---|---|
Documentos (Digitales) | Centro de Documentación - Olade | Documentos Externos | 338.98/B584e/2011 (Navegar estantería) | Disponible | Documento a Texto Completo |
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338.98/B584/n.15 Informe Mercosur : 15, segundo semestre 2009 - primer semestre 2010 | 338.98/B584/n.17 Informe Mercosur: 17, segundo semestre 2011 - primer semestre 2012 | 338.98/B584a El papel del banco en América Latina en el decenio de los ochenta | 338.98/B584e/2011 Economic crisis and fiscal reforms in Latin America | 338.98/B584m Mercosur: informe | 338.98/B7521 La internacionalización de PDVS: una costosa ilusión | 338.98/B7521 La internacionalización de PDVS: una costosa ilusión |
02994
The recent financial crisis has initiated pressures for not only policy reform but also fundamental institutional fiscal reforms. This paper explores the connection between economic crises and fiscal institutional reforms in a region that has experienced plenty of both in recent years, namely Latin America. For that purpose it reviews the literature and provides five hypotheses about why, and under what circumstances, crises would promote reforms. The empirical evidence shows that debt crises make reforms more likely but banking crises on their own, if anything, reduce the pressure for fiscal institutional reforms. Political institutions are also important. If the electoral system encourages the personal vote, the country is more likely to reform. This evidence may become useful for predicting the likelihood of reforms in the developed world.
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