Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual
Autor(a) principal: | |
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Data de Publicação: | 2007 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista de Economia Política |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000300009 |
Resumo: | The subnational debt in Brazil was marked by successive bailouts by the federal government. The path of subnational debt induced some locals and state authorities to claim for further renegotiations. More specifically, some governors and mayors demanded a revision of the refinancing contracts. This article intends to present arguments sustained by simulations of the evolution of the path of the subnational debt, denying the necessity of changes in legal framework, which rules the state debt. The first section consists of a brief overview. The following section treats the institutional framework designed to safeguard the fiscal intertemporal balance. In the third section, the implications of new institutional framework on the subnational debt are approached; in the fourth, the possible causes that distorted the expected path of the debt are discussed. The fifth section analyses the future perspectives for the debt in general terms and focuses some specific cases, while the sixth section discusses the problem under a federal optics. Finally, the conclusion is presented. |
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Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadualFederalismsubnational debtintergovernmental relationsThe subnational debt in Brazil was marked by successive bailouts by the federal government. The path of subnational debt induced some locals and state authorities to claim for further renegotiations. More specifically, some governors and mayors demanded a revision of the refinancing contracts. This article intends to present arguments sustained by simulations of the evolution of the path of the subnational debt, denying the necessity of changes in legal framework, which rules the state debt. The first section consists of a brief overview. The following section treats the institutional framework designed to safeguard the fiscal intertemporal balance. In the third section, the implications of new institutional framework on the subnational debt are approached; in the fourth, the possible causes that distorted the expected path of the debt are discussed. The fifth section analyses the future perspectives for the debt in general terms and focuses some specific cases, while the sixth section discusses the problem under a federal optics. Finally, the conclusion is presented.Centro de Economia Política2007-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000300009Brazilian Journal of Political Economy v.27 n.3 2007reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572007000300009info:eu-repo/semantics/openAccessMora,MônicaGiambiagi,Fabiopor2007-09-14T00:00:00Zoai:scielo:S0101-31572007000300009Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2007-09-14T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
title |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
spellingShingle |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual Mora,Mônica Federalism subnational debt intergovernmental relations |
title_short |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
title_full |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
title_fullStr |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
title_full_unstemmed |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
title_sort |
Federalismo e endividamento subnacional: uma discussão sobre a sustentabilidade da dívida estadual |
author |
Mora,Mônica |
author_facet |
Mora,Mônica Giambiagi,Fabio |
author_role |
author |
author2 |
Giambiagi,Fabio |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Mora,Mônica Giambiagi,Fabio |
dc.subject.por.fl_str_mv |
Federalism subnational debt intergovernmental relations |
topic |
Federalism subnational debt intergovernmental relations |
description |
The subnational debt in Brazil was marked by successive bailouts by the federal government. The path of subnational debt induced some locals and state authorities to claim for further renegotiations. More specifically, some governors and mayors demanded a revision of the refinancing contracts. This article intends to present arguments sustained by simulations of the evolution of the path of the subnational debt, denying the necessity of changes in legal framework, which rules the state debt. The first section consists of a brief overview. The following section treats the institutional framework designed to safeguard the fiscal intertemporal balance. In the third section, the implications of new institutional framework on the subnational debt are approached; in the fourth, the possible causes that distorted the expected path of the debt are discussed. The fifth section analyses the future perspectives for the debt in general terms and focuses some specific cases, while the sixth section discusses the problem under a federal optics. Finally, the conclusion is presented. |
publishDate |
2007 |
dc.date.none.fl_str_mv |
2007-09-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000300009 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572007000300009 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
10.1590/S0101-31572007000300009 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.27 n.3 2007 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
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1754122480398630912 |