Normal view MARC view ISBD view

Economic crisis and fiscal reforms in Latin America

By: Hallerberg, Mark.
Contributor(s): Scartascini, Carlos.
Publisher: Washington: BID, 2011Description: 36 p.Subject(s): Crisis Económica | Política Energética | América LatinaDDC classification: 338.98 Online resources: Click here to access online
Contents:
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.
Tags from this library: No tags from this library for this title. Log in to add tags.
    average rating: ( votes)
Item type Current location Collection Call number Status Notes Date due
Documentos (Digitales) Documentos (Digitales) Documentos Externos 338.98/B584e/2011 (Browse shelf) Available Documento a Texto Completo

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.

There are no comments for this item.

Log in to your account to post a comment.

Click on an image to view it in the image viewer


Dirección: Av. Mariscal Antonio José de Sucre N58-63 y Fernández Salvador Edif. Olade - San Carlos, Quito - Ecuador.

Web: www.olade.org

Teléfono: (593 2) 259 8122 / 2598 280
correo: centro.documentacion@olade.org