TY - BOOK AU - Ter-Minassian, Teresa TI - Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis PY - 2011/// CY - SantiagoCL PB - UN ECLAC N2 - Discusses 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 ER -