Research Network Working Paper, 442. Decentralization and bailouts in Colombia / Juan José Echavarría 

Público ISBD Título de serie: Research Network Working Paper, 442 Título : Decentralization and bailouts in Colombia Tipo de documento: texto impreso Autores: Juan José Echavarría ; Carolina Renteria ; Roberto Steiner Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 67 p Idioma : Inglés Temas: ASPECTOS FINANCIEROS ASPECTOS FISCALES BANCO INTERAMERICANO DE DESARROLLO COLOMBIA DESCENTRALIZACION DEUDA PUBLICA GOBIERNO GOBIERNO LOCAL Clasificación: 338.9 Resumen: This paper examines the decentralization process in Colombia, particularly as it relates to reforms embodied in the 1991 Constitution, and the bailouts of territorial entities that have occurred in subsequent years as a result of perverse incentive structures. The paper provides a summary of the basic features of the decentralization process in Colombia, including an analysis of revenue and expenditure assignments, the intergovernmental transfer system and recent developments in terms of territorial indebtedness. Specific case studies involve the determinants of three types of bailouts by the central government to territorial entities: the provision of soft loans to be used by departments to restructure their finances, the bailout of territorial entitities¿ education expenditures, and the Medellin Metro. The paper concludes with lessons learned and policy recommendations. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73009 Research Network Working Paper, 442. Decentralization and bailouts in Colombia [texto impreso] / Juan José Echavarría ; Carolina Renteria ; Roberto Steiner . - Washington : Banco Interamericano de Desarrollo, 2002 . - 67 p. Idioma : Inglés Temas: ASPECTOS FINANCIEROS ASPECTOS FISCALES BANCO INTERAMERICANO DE DESARROLLO COLOMBIA DESCENTRALIZACION DEUDA PUBLICA GOBIERNO GOBIERNO LOCAL Clasificación: 338.9 Resumen: This paper examines the decentralization process in Colombia, particularly as it relates to reforms embodied in the 1991 Constitution, and the bailouts of territorial entities that have occurred in subsequent years as a result of perverse incentive structures. The paper provides a summary of the basic features of the decentralization process in Colombia, including an analysis of revenue and expenditure assignments, the intergovernmental transfer system and recent developments in terms of territorial indebtedness. Specific case studies involve the determinants of three types of bailouts by the central government to territorial entities: the provision of soft loans to be used by departments to restructure their finances, the bailout of territorial entitities¿ education expenditures, and the Medellin Metro. The paper concludes with lessons learned and policy recommendations. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=73009

Reserva

Reservar este documento

Ejemplares

Inventario	Ubicación en el estante	Tipo de medio	Sección	Ubicación	Estado
038398	338.9 RES v.442	Libro	Colección	Biblioteca Central	Disponible

Research Network Working Paper, 450. Credit, financial liberalization and manufacturing investment in Colombia / María Angélica Arbelaez 

Público ISBD Título de serie: Research Network Working Paper, 450 Título : Credit, financial liberalization and manufacturing investment in Colombia Tipo de documento: texto impreso Autores: María Angélica Arbelaez ; Juan José Echavarría Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2002 Número de páginas: 59 p Idioma : Inglés Temas: ASPECTOS FINANCIEROS BANCO INTERAMERICANO DE DESARROLLO COLOMBIA CREDITO INVERSIONES PRODUCTOS MANUFACTURADOS Clasificación: 338.9 Resumen: This paper evaluates the degree to which Colombian firms face credit restrictions that alter their investment decisions. It analyzes whether the evolution of the financial sector during the 1990s, characterized by an intense financial liberalization, an increase in size and a deepening of the activity, reduced the credit restrictions faced by firms and stimulated investment. The paper also explores whether, on the contrary, financial restrictions intensified during the recent 1998-2000 crisis. The paper provides empirical evidence suggesting that Colombian firms are indeed restricted by external resources and are compelled to resort to internal resources. The paper demonstrates that financial liberalization and the greater credit availability reduced such restrictions, and that the financial crisis had a strong and negative effect on investment and its financing. It compares the behavior of different groups of firms: (i) firms belonging to conglomerates vs. non-conglomerates, and (ii) firms with direct foreign investment vs. domestic firms. It shows that both groups face fewer financial restrictions and that they benefited less from financial liberalization. Finally, the paper evaluates the effects of indebtedness; the results suggest firms acquire debt before investing and/or that the acquired debt in the past serves as a sign of good credit history for the acquisition of new resources. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72991 Research Network Working Paper, 450. Credit, financial liberalization and manufacturing investment in Colombia [texto impreso] / María Angélica Arbelaez ; Juan José Echavarría . - Washington : Banco Interamericano de Desarrollo, 2002 . - 59 p. Idioma : Inglés Temas: ASPECTOS FINANCIEROS BANCO INTERAMERICANO DE DESARROLLO COLOMBIA CREDITO INVERSIONES PRODUCTOS MANUFACTURADOS Clasificación: 338.9 Resumen: This paper evaluates the degree to which Colombian firms face credit restrictions that alter their investment decisions. It analyzes whether the evolution of the financial sector during the 1990s, characterized by an intense financial liberalization, an increase in size and a deepening of the activity, reduced the credit restrictions faced by firms and stimulated investment. The paper also explores whether, on the contrary, financial restrictions intensified during the recent 1998-2000 crisis. The paper provides empirical evidence suggesting that Colombian firms are indeed restricted by external resources and are compelled to resort to internal resources. The paper demonstrates that financial liberalization and the greater credit availability reduced such restrictions, and that the financial crisis had a strong and negative effect on investment and its financing. It compares the behavior of different groups of firms: (i) firms belonging to conglomerates vs. non-conglomerates, and (ii) firms with direct foreign investment vs. domestic firms. It shows that both groups face fewer financial restrictions and that they benefited less from financial liberalization. Finally, the paper evaluates the effects of indebtedness; the results suggest firms acquire debt before investing and/or that the acquired debt in the past serves as a sign of good credit history for the acquisition of new resources. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788077 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72991

Reserva

Reservar este documento

Ejemplares

Inventario	Ubicación en el estante	Tipo de medio	Sección	Ubicación	Estado
038382	338.9 RES v.450	Libro	Colección	Biblioteca Central	Disponible
038404	338.9 RES v.450	Libro	Colección	Biblioteca Central	Disponible

---

page 1/1