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dc.titleResearch Insights: How Do Economic Crises Affect Reforms to Fiscal Rules in Latin America?
dc.contributor.authorHallerberg, Mark
dc.contributor.authorScartascini, Carlos
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageLatin America
dc.date.available2024-01-31T00:01:00
dc.date.issue2024-01-31T00:01:00
dc.description.abstractEconomic crises may favor reforms in fiscal rules, either because they increase the cost of maintaining fiscal imbalances or because these imbalances are behind the origin of the crises. Banking crises would not necessarily explain fiscal reforms in some democratic governments in the region. Financial crises favor reforms the longer the crisis extends over time. If the crisis turns into a sovereign debt crisis, fiscal reforms are much more likely.
dc.format.extent4
dc.identifier.doihttp://dx.doi.org/10.18235/0012999
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Research-Insights-How-Do-Economic-Crises-Affect-Reforms-to-Fiscal-Rules-in-Latin-America.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-como-las-crisis-economicas-afectan-las-reformas-de-las-reglas-fiscales-en-America-Latina.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectFiscal Policy
dc.subjectTax Reform
dc.subjectBank Crisis
dc.subjectFiscal Rule
dc.subjectFinancial Crisis
dc.subjectLiquidity
dc.subjectFiscal Institution
dc.subjectExternal Debt
dc.subjectTransparency and Anticorruption
dc.subjectFiscal Deficit
dc.subject.jelcodeH12 - Crisis Management
dc.subject.jelcodeH62 - Deficit • Surplus
dc.subject.jelcodeH63 - Debt • Debt Management • Sovereign Debt
dc.subject.jelcodeD72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00930
idb.operationRG-T4022
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