Macro Challenges of Decentralization (Ter-Minassian)

"Macroeconomic challenges of fiscal decentralization in Latin America", Teresa Ter-Minassian‘s presentation at ECLAC Taller, addressing: main theoretical issues; Latin America’s record in recent years; impact of the global crisis on subnatinal finances; and a forward-looking research agenda onf reforms in intergovernamental fiscal arrangements. (PDF in English) .