00771nam a2200121Ia 450000500170000008000180001710000260003524501210006126000310018230000100021352004060022358300200062920260716044025.0  a11.01.02 t315  aTer-Minassian, Teresa  aMacroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis  bUN ECLACaSantiagoCLc2011  a43 p.  aDiscusses how fiscal decentralisation is affecting macro-economic management in the main Latin American countries; and which reforms in the existing inter-governmental fiscal systems of those countries could help strengthen their fiscal sustainability, minimise the risk of pro-cyclicality at all levels of government and create "fiscal space" for active counter cyclical responses to economic shocks.  c7/3/12kEVELYND