Fiscal Imbalance and Fiscal Risks Management on the Regional Level

• Authors: Petra Dvořáková
• Languages of publication: EN

Abstracts

EN

The aim of the paper was to evaluate usage of the fiscal instruments (mainly liabilities and fiscal risks management) in present practice of Czech regions. The current practice of fiscal instruments was explored particularly by the means of structured interviews in which representatives of all Czech regions participated. The survey showed different attitudes to debt/liabilities management exercised on the Czech regional level. An active debt management, as defined by the theory, has not been encountered in any of the Czech regions (except for the capital of Prague), although their representatives are convinced otherwise. Risk maps or risk matrixes are not usually created either but the risks connected with the regional budgets are monitored (especially currency risks and interest rate risks) and solved if necessary.

Keywords

EN

Fiscal Imbalance; Indebtedness; Fiscal Risks; Risks Map; Czech Regions

• Publisher: Sciendo
• Journal: Review of Economic Perspectives
• Year: 2011
• Volume: 11
• Issue: 3
• Pages: 141-167

Dates

published

2011-01-01

online

2011-10-05

Contributors

author

Petra Dvořáková

• Department of Public Economics, Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic

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Identifiers

DOI

10.2478/v10135-011-0011-1