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This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current...

Austria's federal system comprises the federal government and nine provinces (Länder). The...

There is a widespread presumption that decentralization improves public service provision. This...

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more...

Countries have adopted various institutional responses to subnational government borrowing. Using...

Argentina has committed itself to a reform of its revenue-sharing system. This paper examines...