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  1. Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries (IMF Working Paper)

    Link: https://www.imf.org/en/Publications/WP/Issues/2018/12/10/Designing-Sound... Abstract: This paper discusses how decentralized countries can achieve sound fiscal relations between the central government and lower government levels. The concepts of “vertical gap” and “vertical balance” provide...
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