This paper discusses fiscal responsibility laws in Latin America, with special attention to their provisions for fiscal discipline by subnational governments. It discusses why and when such laws might be useful-to help resolve the coordination problem in getting diverse governments to avoid...

The authors consider the malaise with the present set-up of fiscal federalism in Mexico from the points of view of the main players-the federal government, the states, the municipalities, and the citizen voters-in order to identify the areas of potential common interest as well as the direct...

Los problemas de la deuda de Latinoamérica de la década de los años 80 son comparables en algunos aspectos con el problema de las demandas aliadas a Alemania por reparaciones, después de la Primera Guerra Mundial. Parecieran importantes cuatro dimensiones de comparación: las percepciones de...